• ACI Connetic: ACI offers a broad suite of payments solutions for financial institutions and merchants with products that include payment processing, fraud management, treasury management, billing, and others. ACI’s payment hub is marketed as cloud-native and supports real-time rails, wires, and cross-border payments. ACI also advertises associated issuing, acquiring, built-in fraud management, and ATM features.
  
  
• Alacriti Orbipay Payments Hub: Alacriti offers a broad suite of payments applications, including a payment hub, electronic bill presentment and payment, and business-to-consumer payouts. The hub supports RTP, FedNow, ACH, and Visa Direct.
  
  
• CGI All Payments: CGI’s All Payments is a hub with modules that support ACH, FedNow, RTP, SEPA payments, Ripple, and wires. It can be deployed on a public cloud, as a privately hosted managed service, or on-premise.
  
  
• Finastra Payments To Go: Finastra, which formed in 2017 with the merger of D+H and Misys, offers payments solutions as part of a broad suite of bank technology. Payments To Go, which is deployable on the public cloud, advertises support for wires, RTP, FedNow, and European and South African payment schemes. Finastra also offers the Fusion Global PAYplus hub.
  
  
• Finxact Payment Rails: Finxact, which was founded in 2016 and acquired by Fiserv in 2022, offers a Payment Rails product for legacy banks when Finxact runs as a sidecar core. The platform advertises support for ACH, RTP, wires, and some card processing capabilities.
  
  
• Finzly Bank OS Payment Hub: Finzly, which was founded in 2012, offers a collection of payments and payment initiation products. Its payment hub supports FedNow, Fedwire, ACH, RTP, and cross-border payments. Finzly markets “smart routing” based on payment speed, transaction cost, or whether the recipient bank is on a network.
  
  
• FIS Open Payment Framework (OPF): OPF is an infrastructure that FIS uses to deliver its prebuilt payment solutions. It markets modules for OPF that cover domestic and international real-time payments, ACH, and wire payments. It also offers cross-border payments, including SWIFT messaging, and payment order management.
  
  
• Fiserv Enterprise Payments Platform (EPP): EPP grew out of Dovetail, a pureplay payment hub that Fiserv acquired in 2017. Fiserv markets EPP modules that include domestic ACH, real-time and wire payments, Zelle, payment networks in Canada, and SWIFT messaging. It’s offered on-premise, hosted, or as a service, with multiple options for integration services.
  
  
• Form3: Form3, which was founded in 2016, markets itself as a cloud-native, managed Payments-as-a-Service platform that supports real-time and ACH payment rails in in the US, UK, and EU.
  
  
• Euronet Ren Payment Hub: Ren is a Euronet brand that offers a diverse suite of electronic payments products, including a payment hub, card issuing, ATM management, and transaction switching. The payment hub itself supports ACH, domestic real-time rails, and domestic and international wires. It also supports several international real-time networks.
  
  
• IBM Payments Center: IBM offers diverse enterprise technology and software. Payments Center encapsulates a range of services that include an outsourced payments solution delivered on IBM’s Cloud and part of a broader suite of IBM Cloud for Financial Services products.
  
  
• Icon Solutions Icon Payments Framework (IPF): Icon Solutions offers payment technology. Its core product is the Icon Payments Framework (IPF), which is a heavily customizable infrastructure for creating, assessing, and implementing payment processing solutions. IPF is marketed toward institutions that prefer custom development.
  
  
• Jack Henry JHA PayCenter: JHA PayCenter is Jack Henry’s payment hub for Zelle, RTP, and FedNow.
  
  
• Volante Technologies Payments Platform: Volante is a provider of a cloud-native commercial payment hub targeted at midsized and large financial institutions. The platform supports domestic, international, and cross-border rails, including RTP, FedNow, US wires, SEPA instant, and cross-border payments. It offers a corporate-to-bank integration.
  
  

What to look for in payment hubs

• EFT rails: Supports connections to market-relevant payments rails, like domestic and international wires/SWIFT and FedNow and RTP in the US.
  
  
• Non-EFT support: Debit or credit card processing and connections to ATMs, for example, or connections for Visa Direct or Mastercard Send.
  
  
• Extensibility: Offers modern, RESTful APIs with JSON that enable connections to third-party services, like analytics or fraud management tools.
  
  
• Business unit support: Handles payment use cases for retail and/or commercial banking customers.
  
  
• Payment initiation and syncing: Accepts instructions from and syncs data back to digital banking platforms and/or corporate treasury and ERP systems.
  
  
• Infrastructure: Deployable on-premise, to a managed private cloud, or to a public cloud; requires standing up a modern sidecar core or integrates directly.
  
  
• Routing rules: Ability to intelligently route and reroute payments based on preferences (speed, cost) and recipient’s availability on a network.
  
  
• Ancillary tools: Support for, or built-in, capabilities and dashboards for functions like business intelligence and fraud prevention.
  
  

CCG Catalyst’s Sector Spotlights highlight third-party solutions, products, and the companies that offer them. They provide a snapshot of the latest innovations, trends, and key players within the financial services industry.