{"id":558847,"date":"2024-05-29T12:03:55","date_gmt":"2024-05-29T11:03:55","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=558847"},"modified":"2024-05-29T12:03:55","modified_gmt":"2024-05-29T11:03:55","slug":"pidgin-and-corelation-team-on-real-time-payments-for-credit-unions","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/pidgin-and-corelation-team-on-real-time-payments-for-credit-unions\/","title":{"rendered":"Pidgin and Corelation team on real-time payments for credit unions"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-541451 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/11\/Pidgin.jpg\" alt=\"Pidgin, Corelation, Real-Time Payments, FinTech, Credit Unions, Payment Processing, USA\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/11\/Pidgin.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/11\/Pidgin-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/11\/Pidgin-100x100.jpg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>Pidgin, a secure real-time payments platform, has partnered with\u00a0<a href=\"https:\/\/corelationinc.com\/\">Corelation<\/a> Inc., a FinTech offering the next generation of core processing solutions. Pidgin is now a preferred partner with Corelation, and together, they will enable more credit unions to offer real-time payments to their members with Pidgin\u2019s payments ecosystem.<\/p>\n<p>Pidgin is designed to be a credit union\u2019s one-stop shop for smarter, faster, and safer payments. The technology serves as a central connection point to the FedNow Service and other faster payment networks, enabling credit unions to easily deliver instant payment options to their members for a variety of use cases.<\/p>\n<p><a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/pidgin-mbs-partner-to-enable-real-time-payments-for-community-banks\/\">Pidgin\u2019s<\/a> platform facilitates the exchange of data between a credit union\u2019s core processing system, e, any relevant third-party apps, as well as multiple payment networks, such as the FedNow Service and The Clearing House\u2019s RTP.<\/p>\n<p>With Corelation and Pidgin, credit unions can efficiently onboard to the preferred faster payment channels and embrace real-time payments based on their institution\u2019s operational preferences, member needs and more.<\/p>\n<p>Since its founding in 2009, Corelation has remained focused on driving innovation in the credit union space. The partnership with Pidgin makes it easier for credit unions of all sizes to adopt and scale real-time payments.<\/p>\n<p>\u201cAt Corelation, we are continuously looking for ways to help our credit union clients get more from their core and IT solutions to serve members better and maximize opportunities for growth,\u201d said <strong>Tim Maron, Chief Revenue Officer of Corelation<\/strong>. \u201cInstant payments are quickly becoming a competitive differentiator for the financial institutions that offer them. By partnering with Pidgin, we can provide our clients with the infrastructure and consultative support they need to give their members the faster payment options they expect.\u201d<\/p>\n<p>\u201cCredit unions are particularly bullish on real-time payments, as more than one-third plan to implement real-time payments by the end of this year, according to Cornerstone\u2019s\u00a0What\u2019s Going On In Banking report. Another 34% plan to implement in 2025 or later,\u201d said <strong>Abhishek Veeraghanta, founder and CEO of Pidgin. <\/strong>\u201cOur partnership with Corelation will help make those plans a reality. We look forward to working with Corelation\u2019s reputable team and empowering more credit unions to transform their payment operations.\u201d<\/p>\n","protected":false},"author":35737,"featured_media":541451,"parent":0,"template":"","categories":[42764,11384],"tags":[30129,45277,45279,12492,45278,11515,11702,24024,11419,24802,11416],"class_list":["post-558847","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-payments","category-payments","tag-core-processing-system","tag-corelation","tag-credit-union-core-processing","tag-credit-unions","tag-fednow-service","tag-fintech","tag-payment-processing","tag-pidgin","tag-real-time-payments","tag-the-clearing-house-rtp","tag-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pidgin and Corelation team on real-time payments for credit unions<\/title>\n<meta name=\"description\" content=\"Pidgin has partnered with\u00a0Corelation Inc., a FinTech offering the next generation of core processing solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/pidgin-and-corelation-team-on-real-time-payments-for-credit-unions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pidgin and Corelation team on real-time payments for credit unions\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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