Jefferson Bank in Texas taps Finastra for Payments To Go solution
Jefferson Bank, an independent bank based in San Antonio, Texas, has expanded its partnership with UK-headquartered vendor Finastra, selecting its Payments To Go cloud-based solution to power its instant payments services.
Jefferson Bank selects Finastra for instant payments
The Payments-as-a-Service offering, to be deployed on the Microsoft Azure cloud, will connect the bank with the payment rails necessary to support services including FedNow, which was introduced by the Federal Reserve last July, and Real Time Payments (RTP) from The Clearing House (TCH), both of which are made available via the vendor’s financial messaging gateway.
Speaking on the bank’s adoption of the solution, Sarah Booker, senior vice president, deposit and card operations manager at Jefferson Bank, says Payments To Go “gives us access to the same payment processing technology used by big banks”.
As part of the agreement, the bank is also due to migrate its wire services from Finastra’s PayPlus Connect to the new solution to fully consolidate all its payment services in one place.
Barry Rodrigues, EVP of Finastra’s payments business unit, says its tech will connect the bank with “the tools it needs to bring all payments services together, enabling the team to embrace open finance while attracting and retaining customers”.
Established in 1946, family-owned Jefferson Bank supports a broad range of financial services, from business, personal and commercial banking to wealth management, mortgage lending and payments.
