Germantown Trust & Savings Bank is SHAZAM's newest Faster Payments program participant
posted on Tuesday, April 5, 2022 in SHAZAM Blog
SHAZAM welcomes Germantown Trust & Savings Bank to the SHAZAM Faster Payments program. By participating in SHAZAM's Faster Payments Network, Germantown Trust & Savings Bank joins other banks delivering to its customers the most modern payments infrastructure in the world.
SHAZAM’s network enables consumers and businesses with immediate availability to funds received 24 hours a day, 7 days a week, 365 days a year, and with instant clearing and settlement between the sending and receiving financial institutions. Talk about fast!
“As part of SHAZAM’s pursuit and support of faster payments, we’ve enabled an initial capability to process credit receive transactions,” said Janet LaFrence, SHAZAM’s Faster Payments program manager. “SHAZAM’s historically been at the forefront of providing innovative faster payment solutions and our integration with the RTP system extends and enhances our EFT processing and core solutions with a new set of account-based, real-time payment transactions and related value-added services.”
If your financial institution is interested in a more modern payments infrastructure via SHAZAM’s Faster Payments program, contact your SHAZAM regional director.
SHAZAM's mission: Strengthening community financial institutions.
Read the entire news release on SHAZAM Company News.
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