ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Q2 Announces Partnership with Open Payment Network to Support Instant Payment Workflows for Banks and Credit Unions

Integration provides Q2 Instant Payments Manager with connection to both Clearing House RTP® and Federal Reserve FedNow instant payment rails

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced Open Payment Network (OPN) as its first partner to deliver integration for Q2 Instant Payments Manager, a solution designed to help financial institutions manage instant payment workflows. As a payment network operator that interoperates with Clearing House RTP® and Federal Reserve FedNow℠, OPN provides connectivity to both instant payment rails directly within Q2’s Digital Banking Platform.

"OPN was selected as the first integration partner for Q2 Instant Payments Manager due to the organization’s technical expertise, deep industry knowledge and ability to scale and support the full instant payments message set for our customers and their business clients," said Q2 VP of Product Management Anthony Ianniciello. "Together, we will empower banks and credit unions with modern, end‑to‑end payments capabilities—strengthening their competitive position in today’s crowded commercial banking landscape.”

According to the Federal Reserve, 74% of businesses expect their primary financial institution to offer faster or instant payment services. Q2 Instant Payments Manager improves the way billers and payers process B2B payments by providing business customers with the ability to include invoice data within instant payment messages.

"We are excited to partner with Q2 to provide our customers with 24/7/365 instant payments capabilities, fully integrated into our digital banking ecosystem,” said Orange Bank Senior Vice President and Chief Innovation Officer Anthony Pili. “With Q2 Instant Payments Manager and OPN’s hands-on expertise, we are positioned to continue serving as a leader in payments innovation. The solution ensures we can deliver a seamless, reliable, and modern payment experience that meets the evolving needs of our business clients."

Integration for Q2 Instant Payments Manager into Q2’s Digital Banking Platform is enabled via Q2 Innovation Studio through connection partners such as OPN and others. This allows financial institutions to rapidly deploy the technology needed to support the full instant payment message set, including Request for Payment, Request for Information, Credit Transfer and Receipt Confirmation messages, directly within the end user’s digital banking experience.

“We’re honored to be the first to integrate with Q2’s powerful Instant Payments Manager,” said Open Payment Network Chief Revenue Officer Robert Lewis. “The customer has always been at the heart of everything we do, and with this integration, we are able to provide faster payment capabilities to a much broader segment of the banking world.”

Q2 Instant Payments Manager is a key component of Q2 Catalyst, a suite of best-in-class commercial banking solutions designed to help banks and credit unions win more deals, onboard clients faster, serve them better, and grow profitable relationships.

To learn more, visit https://www.q2.com/solutions/commercial-banking and https://hub.q2.com/advanced-payments.

About Q2 Holdings, Inc.

Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for consumers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and X to stay up to date.

About Open Payment Network

Open Payment Network (OPN®) enables financial institutions to expand in their market, deepen their engagement with customers, and retain their primary deposit relationships by offering intelligently routed faster payments via RTP®, FedNow®, and same-day ACH without overhauling their CORE system. With OPN, financial institutions can offer fintech firms the ability to enhance their product suites by integrating faster payments for loans, payroll, ecommerce, business services and account-to-account transactions. Banks and credit unions across the US trust OPN to help them compete in today’s digital environment. For more information, visit www.opn.inc today.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.