News Business Commerce Bank Enhances Real-Time Payments with Temenos
0
Commerce Bancshares

Published :

Commerce Bank Enhances Real-Time Payments with Temenos

Commerce Bank, a leading US financial institution, has achieved a significant milestone by going live with the FedNow® Service on the Temenos Payments Hub. This strategic move enables Commerce Bank to offer real-time payments to its customers, enhancing their banking experience.

Modernization Strategy

Commerce Bank's adoption of the FedNow Service is part of its broader modernization strategy. By leveraging Temenos' secure, scalable, and continuously updated platform, Commerce Bank is progressively transitioning away from legacy systems to a consolidated, future-ready, cloud-native infrastructure.

Empowered by Temenos

Commerce Bank benefits from the agility provided by Temenos' modern platform. With sophisticated banking products and high-tech delivery, Commerce Bank can meet the rising expectations of its customers.

Real-Time Payments

Deployed as Temenos Software as a Service (SaaS), Commerce Bank can dynamically expand its payment capacity to accommodate future needs. The integration with the FedNow Service ensures seamless real-time payments, further enhancing Commerce Bank's competitive edge in the US market.

David Roller, Chief Information Officer at Commerce Bank, expressed enthusiasm about the collaboration: "Commerce is focused on staying at the forefront of technology to ensure the best service to our customers, and we are delighted to enable FedNow real-time payments with Temenos."

Philip Barnett, President – Americas, Temenos, emphasized the strength of their banking and payments platform tailored for US banks: "Our single code base across core banking and payments with robust localization is a competitive advantage for Temenos, and we continue to invest in making our offering the most compelling in the market."

  • Reactions

    0
    0
    0
    0
    0
    0

    Your email address will not be published. Required fields are marked *