Volante Technologies Inc., a global provider of payment solutions to accelerate digital transformation, announced that First American Trust FSB has selected Volante’s US Fedwire as a Service. First American Trust FSB offers banking solutions for the escrow and real estate industries. Volante’s service, running on Microsoft Azure, will replace the bank’s legacy Fedwire processing solution and modernize its payments processing infrastructure.
By automating wire processing with Volante’s Fedwire as a Service in the cloud, the bank will benefit from resilient, reliable, and scalable payments technology. They will be able to smoothly handle increasing wire volumes, and ensure that their customers’ wires are never missed, duplicated, or delayed.
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In the future, First American Trust FSB will also be able to easily extend the service to other currently available payment types such as ACH, The Clearing House RTP®, and SWIFT cross-border payments. The service’s native ISO 20022 messaging and 24x7x365 operational capabilities also ensure that the bank will be ready to make the most of the Federal Reserve’s upcoming enhancements to the U.S. payment system, including the FedNow real-time payment system.
Robert Lawson, Senior Vice President, Strategic Initiatives at First American Trust FSB, said, “We were looking for a partner that could help us meet our strategic goals by providing a service-based payments processing capability that would create greater efficiencies within the bank, and enable a superior experience for our clients.”
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