Members of ABNB Federal Credit Union Can Now Enjoy 24/7/365 Real-Time Payments
BRIDGEWATER, N.J., December 5, 2024 – ABNB Federal Credit Union (ABNB FCU), a leading, community-focused, digital-first, full-service financial institution serving more than 76,000 members, has partnered with Alacriti, a leading payments and money movement solutions provider. This collaboration will introduce cutting-edge instant payment capabilities to ABNB FCU, enabling members to securely send and receive funds within seconds via The Clearing House’s RTP® (Real-Time Payments) network and the Federal Reserve’s FedNow® Service.
Through this partnership, ABNB FCU has integrated Alacriti’s Orbipay Payments Hub, a comprehensive, cloud-native payment platform, that provides seamless connectivity across multiple payment rails, including the RTP® network, ACH, the FedNow® Service, Visa Direct, and Fedwire. This integration allows ABNB FCU to offer its members instant payments 24/7, including all weekends and holidays, delivering a superior user experience. ABNB FCU’s members are already experiencing the benefits of this new service, particularly in high-usage scenarios such as payroll, investment withdrawals, and digital wallet cashouts. The partnership with Alacriti has positioned ABNB FCU to expand its move money services further, with upcoming plans to introduce more business-focused money movement tools.
“Being at the forefront of payment innovation is essential to meeting our members’ evolving needs,” stated Cassandra Tucker, Director of Operations at ABNB FCU. “With instant payments, our members now have the power and the control to move their money securely 24/7, whether they’re paying a bill, transferring money to a friend, or cashing out from an investment account. This is a game-changer for convenience and financial management,” concluded Tucker.
At ABNB FCU, delivering exceptional member experiences through innovative technology solutions is at the foundation of our strategic focus,” said Victor Hall, ABNB Chief Experience Officer. “By integrating the FedNow Service and the RTP network, we’re demonstrating our commitment to using technology to elevate our members’ experience—ensuring they can securely move money,” Hall concluded.
“Through Alacriti’s Payments Hub, ABNB FCU is now among the leading payment providers offering its members 24/7 access to send and receive funds instantly,” said Keith Gray, Vice President, Strategic Partnerships at The Clearing House (TCH). “With Alacriti’s connectivity to TCH’s instant payment rail, we’re witnessing a growing number of banks and credit unions leveraging the RTP network’s record-setting transaction volumes and features,” concluded Gray.
“We’re thrilled to collaborate with ABNB FCU and support their dedication to offering innovative payment services to its members. With instant payments, ABNB’s members can securely transfer and receive money in just seconds, no matter the time of day or the credit union’s operating hours. This empowers the credit union to provide the services its members need on their preferred devices at any time,” said Mark Majeske, SVP of Faster Payments at Alacriti.
About Alacriti
Alacriti stands at the forefront of payments innovation, delivering comprehensive payment and money movement solutions to financial institutions. Our commitment is to empower our clients and their users with seamless, easy-to-use, and secure real-time payment experiences across all preferred channels, rails, types, and devices. Alacriti’s innovative solutions provide cutting-edge payment technologies that integrate effortlessly with existing infrastructures. Discover more about how we are transforming payments at Alacriti.com.
About ABNB Federal Credit Union
ABNB Federal Credit Union is a community-focused, digital-first, full-service financial institution headquartered in Hampton Roads, Virginia and northeastern North Carolina providing personal and business banking services to its members regionally and across the country. With fifteen branches, a nationwide network of credit union service centers and surcharge-free ATMs, ABNB FCU currently serves over 76,000 members. For more information visit ABNBfcu.org.