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When it comes to growth industries, fintech is dominating the pack. Consumers are now more than ever accessing financial services from a technology company and not their bank. The demand for easy access to financial services and faster payments means that fintech companies must continually adapt to meet these demands. While easier access to financial […]
The benefits of virtual accounts are many. They enable the financial infrastructure of a business to scale with rapid and evolving requirements. This article will explore what virtual accounts are, who they are for, and what value they can bring to a business. Contents 1. What Are Virtual Accounts? 2. Why Not Use Multiple Bank […]
An engine for change and innovation in US payments. RTP allows real-time payments from one account to another, utilizing new payment rails from The Clearing House. This payment method does away with many of the limitations of ACH and Wire payments. Payments are immediate, 24/7/365, not bound by bank cut-off times, or legacy processing windows. […]
Jack Henry Collaborates with Victor Technologies and MVB Bank to Offer Faster Payments Capabilities
NewsMONETT, Mo., July 27, 2022 /PRNewswire/ — Jack Henry & Associates, Inc.® (NASDAQ: JKHY) announced today that Victor Technologies, Inc. (“Victor”) is working with the company to advance its instant payments strategy. A subsidiary of MVB Edge Ventures, Inc. (“MVB Edge Ventures”), and part of the MVB Bank, Inc. (“MVB Bank”) family, Victor helps banks […]
In a report published in September 2021, the St. Louis Federal Reserve identified three partnership models for fintechs and banks: operational technology, customer-oriented and front-end fintech. The Fed defined front-end fintech as a partnership where a firm delivers financial products and services directly to customers by leveraging a bank’s infrastructure such as its ability to […]
Victor APIs and Vantage risk management tools make it easier to quickly launch and scale new programs (FAIRMONT, W.Va.) December 2, 2021 – Victor Technologies, Inc. (“Victor”) announced that it has raised $6 million in seed funding from MVB Edge Ventures to accelerate the launch of its banking APIs and Vantage risk management platform. Since […]
SEPTMEBER 2021 – Victor is excited to announce the availability of the Victor Platform, a self-service portal to give FinTech companies access to the tools and data they need to manage their banking programs. Victor clients now have access to a complete program dashboard and detailed information about all their transaction history and banking activities. […]
