ATLANTA, August 5th , 2024 –
Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with
ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), to offer instant payments to the nation’s community banks.
"The demand for faster payments continues to grow," said Nick Denning, ICBA Payments senior vice president, head of product and strategy. "While many community banks are connected to the FedNow network, most are still in a receive-only capacity. Pidgin’s proven track record and ThinkTECH Accelerator alumnus status, makes them an ideal partner to help community banks take the next step in accelerating usage and adoption of instant payments, and delivering value to their customers and communities.”
With a mission to make faster payments possible, no matter how they evolve, Pidgin is a secure faster payments platform that serves as a single solution to send and receive faster payments directly from customer accounts with payments routed directly between financial institutions. The company’s technology serves as a central connection point to the FedNow Service and other faster payment networks, enabling community banks to easily deliver instant payment options to their customers for a variety of use cases. Since the platform eliminates the need to use a holding account by a third-party provider or a virtual wallet, Pidgin facilitates a safer, more secure transaction.“ICBA Payments has long been committed to serving community banks as they navigate the ever-changing payments landscape,” said Abhishek Veeraghanta, founder and CEO of Pidgin. “We are proud to partner with such an esteemed organization and we forward to what we can accomplish together to supercharge real-time payments adoption and help community banks remain responsive and competitive in today’s fast-paced market.”
Pidgin has already gained significant traction in the community banking space, having partnered with
Community Bankers’ Bank, Exchange Bank, U.S. Century Bank, and several others in the last year. In addition to its rapidly growing client base, Pidgin was also selected to participate in the renowned ICBA ThinkTECH Accelerator program, which has connected the most innovative, cutting-edge fintech companies in the world with more than 1,400 community bankers and industry leaders.
About ICBA Payments
ICBA Payments, a wholly owned subsidiary of the Independent Community Bankers of America® (ICBA), has been managing payments solutions for the nation's community banks since 1985. We help power the potential of ICBA members through payments-related innovation and education to help community banks navigate the payments ecosystem and select suitable offerings at favorable pricing—helping community banks compete and thrive. For more information, visit icbapayments.com.
About Pidgin
Pidgin is a new, innovative and secure faster payments ecosystem, enabling financial institutions, business owners and individuals to process transactions faster and with lower fees. Engineered to deliver innovation both today
and in the future, no matter how payments evolve, Pidgin allows financial institutions to send and receive faster payments almost instantly, but in a more secure way than virtual wallet alternatives. When using Pidgin, money is kept within the financial institution, as opposed to a holding account owned by a fintech provider. For more information, please visit www.pidgin.net or follow them on Twitter
@PidginPayments and
LinkedIn.
