Offer instant payment capabilities to your members with Open Payment Network (OPN), the #1 ranked overall instant payment network. Your members can send and receive instant payments without limitations of time or network.
Learn MoreMeet the latest (and greatest) in instant payments: OPN. Your credit union is already involved in payments today, and with OPN, you can now offer your members instant payments. Instant payments via OPN include two pathways: FedNow via the Federal Reserve and the RTP Network via The Clearing House.
OPN: Adding Value to Instant Payments with the following offerings:
Controls based on cumulative value and velocity parameters so OPN learns based on historical activity to detect fraud.
Rich Data Format (RDF) supporting large amounts of structured and unstructured data for each transaction.
Communication protocols for accessing information and transactional processing.
Alias-based payment support and use cases such as peer-to-peer payments.
Tools to support expanded data analytics and reporting for users.
Identify payees, such as recipients and beneficiaries, before sending payment to avoid transfer errors.
Redundant data centers are in active-active mode to ensure 24/7 uptime, 180 ISO 20022 Message tests, implementing IBM MQ servers, receiving and storing reconciliation files, and upgrades to new versions, e.g., 2.9 to 3.0.
24/7 uptime, security and encryption, 30 plus ISO message types with over 100 tests for certification, fraud control adherence, message signing, and key exchange.
The technology to do intelligent routing, reporting, reconciliation, etc., to efficiently exchange and make use of information.
Then we're ready to demo OPN, instant payments, and Sharetec Velocity & Sharetec On-the-Go!
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