Grow Financial Federal Credit Union has partnered with Alacriti to launch instant payments, enabling members to receive funds in real-time through the RTP network and FedNow Service.
Alacriti's Orbipay Payments Hub powers the rollout, supporting various payment rails like the RTP network, FedNow Service, ACH, Visa Direct, and wires.
Members now have faster access to funds for payroll, transfers, reimbursements, and real-time transactions, with Send functionality set to launch soon.
The collaboration aims to provide a streamlined user experience, foundation for future real-time services, and modernization of payment processes at Grow Financial.