Open Payment Network and Macha Announce Partnership
January 17, 2023 (Pleasant Grove, UT) – Open Payment Network (OPN), a technology provider that enables instant payments, today announced that it has become a Macha Preferred Partner offering instant payments to the industry.
“Instant payments are the way of the future,” said Macha CEO Mary Gilmeister. “We are happy to welcome Open Payment Network as our newest Macha Preferred Partner to support the industry in offering instant payments and are working with them to help our members achieve early success.”
As the need for instant payments continues to grow, Open Payment Network has taken the lead in creating a solution with which financial institutions can offer their customers the ability to send and receive instant payments and requests for payment using FedNowSM or The Clearing House RTP®.
“We are proud to work directly with Macha as a new Preferred Partner,” said Bradley Wilkes, CEO of Open Payment Network. “We look forward to supplying the instant payment solutions to more Macha members in the future.”
Instant payments are facilitated by TCH RTP and the soon to be available FedNow Service. OPN provides immediate interoperability between these two networks and delivers turnkey instant payment solutions as well as same-day ACH to small- and medium-sized financial institutions.
A member-based organization, Macha serves as the premier information resource on payment rules and networks for financial institutions, businesses, and municipalities. Knowledge of all payment systems is critical in today’s environment as payments continue to evolve. Macha’s mission is to increase the understanding and use of payment networks through operational support, education, and advocacy. Macha is recognized as a primary resource for training and expertise for members’ payment needs. For more, visit www.macha.org.
About Open Payment Network
Open Payment Network™ (OPN) helps financial institutions attract and retain more customers and stay ahead of the competition by enabling them to deliver instant payments anytime, anywhere. By connecting to OPN’s secure technology platform, financial institutions become the gateway for instant payments via Internet and mobile device. The OPN platform integrates with existing core systems and moves payment value and associated data in real time for immediate settlement. Financial institutions can provide access to the OPN API so business customers, fintech developers and internal teams can create applications such as instant mortgage payments, payroll processing, and peer-to-peer payments. Visit www.openpaymentnetwork.