Giving banks quick connectivity to members in the Token ecosystem
Volante Technologies Inc. announced that VolPay Hub is fully tested, qualified and integrated with TokenOS, a leading open banking platform.
By leveraging open banking practices, Token enables banks, consumers and corporations to securely move money through its network whilst offering value-added services to members within the Token ecosystem.
VolPay Hub enables banks to connect, process and orchestrate transactions emanating from the Token network with greater ease, speed and lower operating costs through cloud deployment. The joint TokenOS and VolPay Hub proposition means banks can offer additional services and enhanced customer experience without the need for the banks to re-engineer their back-end payment systems to handle API based payment orchestration and processing.
VolPay Hub is the next generation payments business application that dramatically reduces the cost and time of implementations. VolPay Hub’s configurable and system agnostic nature enables any payment type from any payment channel or network to be processed easily.
Nadish Lad, Global Head of Payment Products, Volante Technologies, said, “Volante is excited to help accelerate banks’ adoption of TokenOS by removing the complexity associated with payments processing. Lowering the costs and time taken in implementations is on the minds of every CIO – and we remain eager to help them achieve their goals. Both Token and Volante will be demonstrating the joint VolPay Hub and TokenOS proposition at SIBOS in Toronto this year.”
Steve Kirsch, Founder and CEO, Token, said, “We are delighted to further enhance the benefits of our open banking platform, TokenOS, through this seamless integration with Volante’s VolPay Hub. With TokenOS, banks quickly and cost-effectively offer new products and services that retain and attract new customers. Such new offerings include advanced programmable money solutions and the opportunity to make secure immediate payments domestically and across borders. Together we are able to deliver a fast route to market and highly cost-effective migration path away from legacy infrastructure, with enhanced customer experience.”