VoPay, a leading provider of embedded payment technology, announced the launch of its Digital Transaction and Cash Management Banking Platform, TXB. VoPay’s TXB platform is a turnkey solution designed to help banks and credit unions launch API-first transaction banking and cash management services.
n the rapidly evolving landscape of transaction banking, businesses demand solutions that are efficient, agile, and adaptable to their unique needs. TXB’s approach streamlines and automates corporate treasury operations, providing businesses with enhanced control and flexibility over their financial management.
TXB enables financial institutions across North America to roll out a suite of API-first solutions supporting virtual accounts, multi-layer ledger management, multi-currency cash management, process automation across various payment rails, and real-time visibility and centralization of cash.
Also Read: Morningstar to Appoint Rod Diefendorf as President and Chief Operating Officer of PitchBook
Key Features of VoPay TXB:
- Global Payments: Send, receive, and manage white-label payments and accounts globally, creating modern, automated, and API-based experiences.
- Dynamic Payment Tracking: Gain end-to-end visibility, from initiation to beneficiary credit, with details on the payment journey, charges, and credit timing.
- Intelligent Routing: VoPay’s engine optimizes delivery for speed, cost, and principal protection.
- Payments API: Originate payments and collections on demand via US ACH, CAD EFT, Push-to-Card, RTP, and more.
Advanced Cash Management
TXB offers real-time liquidity management, automating key treasury functions for enhanced efficiency. The multi-currency cash management features include virtual accounts, ledger management, and transaction reporting, providing improved visibility and control.
Fintech-as-a-Service (FaaS)
TXB integrates business banking capabilities directly into products, expanding financial service offerings to drive growth and deepen customer relationships. Real-time account ledger tracking ensures visibility into transactions affecting account balances.
“We are thrilled to unveil TXB, the latest evolution of the VoPay platform. This launch is a direct response to the evolving needs of businesses as we continually strive to anticipate and address the next frontier in business solutions, empowering organizations to scale and operate with greater efficiency,” said Hamed Arbabi, Founder & CEO at VoPay. “I am immensely proud of the innovative spirit exhibited by our team and the unparalleled uniqueness of this product. With unwavering support from our partners and customers, TXB is poised to elevate VoPay to new heights on a global scale.”
SOURCE: Businesswire