Volante Technologies and BNY Mellon Collaborate on Real-Time Payments Innovation
Volante Technologies and BNY Mellon announced a collaboration focused on payments technology innovation. The partnership leverages Volante's VolPay Hub to enable BNY Mellon to process real-time payments through The Clearing House's RTP network. Additionally, the collaboration includes tokenized payment capabilities integrated with Zelle.
Volante's cloud-ready, API-based platform serves as middleware enabling BNY Mellon to modernize its payments infrastructure and offer faster, more flexible payment services to institutional clients. The partnership reflects a broader trend of major banks working with fintech infrastructure providers to upgrade legacy systems and support new payment rails. Financial terms of the collaboration were not disclosed.
The initiative positions BNY Mellon to deliver real-time and tokenized payment services as embedded capabilities within its institutional banking offering.
- Major custody banks investing in fintech payment infrastructure signals institutional demand for modern embedded payment rails
- Real-time payments middleware providers are becoming critical enablers for bank-fintech partnerships