BAI Webinar

Payments hub: Automation for
the future


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The future of payments with Alacriti’s Payments Hub

DATE: July 24, 2024
TIME: 1:00 - 1:45 PM CT

Financial institutions are increasingly seeking ways to streamline their operations, reduce silos/friction and enhance customer satisfaction, making the need for a centralized payment processing solution paramount. Alacriti's Orbipay Payments Hub can transform your operations—offering many features that are not available from other options on the market.

Join us for a demonstration featuring Alacriti's Director of Payments Consulting, Paul Steinbrecher. He will show how the Orbipay Payments Hub can transform your operations with payments orchestration, providing cross-rail visibility to performance, liquidity, and cash flow.

Key takeaways:

  • The Importance of a Payments Hub: Understand why a payments hub is critical, acting as the central nervous system for seamless transaction processing across various payments rails— ACH, RTP® network, the FedNow® Service, Visa Direct, and wire transfers.
  • Orchestration and Automation: See how the platform automates, orchestrates, and intelligently routes each transaction—providing a unified, cross-rail perspective.
  • Integration with Existing Infrastructure: Discover how the hub integrates with digital banking and core providers for a consistent user experience and easy adoption of new payment methods.
  • End-to-End Automation: See how the hub automates wire transactions, including exception processing, to reduce manual processes, speed up transactions, and minimize errors.
  • Modernized Infrastructure: Explore how microservices architecture with all functionality exposed as APIs provides you with real-time communication to front-end and back-end systems. All APIs are built to the ISO 20022 standard, essential for instant payments, and Fedwire’s ISO 20022 migration in 2025.
  • Connection to Instant Payments: Discover how the hub connects to the FedNow Service and RTP network, enabling real-time processing and flexible implementation options (Receive Only, Send and Receive).

PRESENTER:
Paul Steinbrecher

Paul Steinbrecher
Director of Payments Consulting
Alacriti

Paul Steinbrecher has had an extensive career in financial services and digital banking solutions. He currently serves as the Director of Solution Consulting at Alacriti after a significant tenure at FIS, where he played pivotal roles focusing on innovations such as Zelle and real-time payments. Previously, Paul made impactful contributions at Elavon, Inc. as a Payment Solutions Market Manager, and at U.S. Bank and M&I Bank in managerial and banking officer capacities, respectively.

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