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Poland

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Latest VSoft News

BankersHub Launches Real-Time Payments Training Program

Aug 2, 2022

Wisconsin-based Bstuff LLC, parent company to BankersHub, BankerCollege, and InfusedBanking, announces the launch of its latest on-demand training, “Real-Time Payments Specialist Certification” for banks, credit unions and payments professionals. Developed in conjunction with “The Payments Professor” Kevin Olsen, Sr Vice President – Vsoft Corp, this newest two-year certification covers the comprehensive training needs associated with Real-Time Payments, as well as the The Clearing House’s RTP® Network and the highly anticipated FedNow network projected to launch in 2023. Real-Time Payments represents an acceleration in handling payments on a digital infrastructure that results in instantaneous settlement. This is much faster than traditional payments processing, and significantly faster than NACHA’s Same Day ACH settlement. “The world of faster payments is set to change the world of electronic banking and will directly affect financial institutions, operations, and even treasury personnel within businesses big and small,” explains Olsen. “It is critical for all financial institutions and payments providers to learn how Real-Time Payments will impact your processes, and to find ways to prepare for the future of faster payments.” This accelerated platform provides several advantages to how payments have been traditionally handled. Real-Time Payments provide immediate confirmation of payment receipt; timely management of bill pay submissions; faster liquidity oversight; and greater access to payments data for remittance and treasury monitoring. “Switching from cut-off times for files that are batched and processed to an always on, one-at-a-time, credit push only system is changing the way we look at funding accounts and performing reconciliation,” adds Olsen. “However, compliance is always a concern when payments processing is involved and financial services providers need to educate their staff on Real-Time Payments rules, regulations, audit requirements and settlement changes.” To prepare personnel for the future, BankersHub’s Real-Time Payments Specialist Certification is broken into three tiers to address the training requirements from new hires to the most seasoned professionals. “Since its initial launch this summer, we have already seen professionals across the financial services spectrum sign up and get certified on this in-depth training from The Payments Professor,” adds BankersHub Co-Founder, Erin O’Donnell. “We’re also seeing increased interest in Real-Time Payments training from outside the payments industry, especially Cannabis Related Businesses seeking alternatives for handling sales without relying solely on cash.”

VSoft Partners & Customers

1 Partners and customers

VSoft has 1 strategic partners and customers. VSoft recently partnered with Payrailz on August 8, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

8/27/2018

Partner

United States

VSoft integrates Payrailz payment services into Arya

Our partnership with Payrailz facilitates this and further enhances the Arya platform , '' said Murthy Veeraghanta , chairman and CEO of VSoft Corporation .

1

Date

8/27/2018

Type

Partner

Business Partner

Country

United States

News Snippet

VSoft integrates Payrailz payment services into Arya

Our partnership with Payrailz facilitates this and further enhances the Arya platform , '' said Murthy Veeraghanta , chairman and CEO of VSoft Corporation .

Sources

1

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