The acquisition, spearheaded by veteran FinTech entrepreneur and OV Loop CEO, Will Graylin, enables instant processing of real time payments (RTP) for OV Loop’s partner banks, billers and consumers.
OV Loop, the connected commerce company, announced the acquisition of Push Pay, Inc. d/b/a PayFi, the first fintech company to offer U.S. banks and commercial enterprises RTP capabilities for instant and lower-cost financial transactions.
“Our customers will benefit from easier, safer, and faster payments, invoicing and collections, with superior customer experiences.”
“As a next-gen financial technology company, it’s important for us to lead the way in providing innovative and reliable services that reduce the friction and cost of commerce,” said OV Loop CEO, Will Graylin. “Our customers will benefit from easier, safer, and faster payments, invoicing and collections, with superior customer experiences.”
OV Loop’s new PayFi solution includes the ability for organizations to send and receive RTPs and request payments through the OV Loop platform. Users can also securely and easily authorize the instant transfer of funds through participating banks with their personal credential manager.
“We are proud to have implemented our first RTP processing installation in 2020,” said Travis Dulaney, Founder of PayFi. “Being part of the OV Loop offering means we can bring this service to U.S. banks, billers and consumers at a much larger scale.”
