Alloya's Solutions

Alloya proudly offers a suite of solutions to help your credit union deliver real-time payments capabilities to your members.

Real-Time Processing

Alloya’s Real-Time Processing solution enables the processing of real-time payments over the FedNow® and RTP® networks. Send & Receive is available for each network.

Alloya’s solution manages the connectivity to the networks and processes the payment in seconds, which includes first verifying and debiting the funds from the sender’s account and then depositing the funds in the receiver’s account in the credit union core systems.

Key Features

Leverages your trusted relationship with Alloya for payment processing

Streamlines access to payment processing activity for your staff via Premier View

Ensures exceptional service, operational support, assistance with exceptions, rules, etc.

Offers peace of mind through highly reliable, redundant and secure solutions

Makes payment initiation easy with multiple initiation methods, apps and systems supported

Real-Time Settlement

Alloya’s Real-Time Settlement solution enables the settlement of each transaction in Alloya’s Master Account for the FedNow® Service or the Joint Account for the RTP® network.

For credit unions that wish to enable both the sending and receiving of transactions for their members, Alloya’s Real-Time Settlement solutions include liquidity management.

Key Features

Keeps your view simple, with net activity posted to your Alloya transaction account once per active network and cycle date rather than bogging down your account with individual transaction postings

Enables viewing of up-to-the-second settlement activity for each transaction via a quick link from Premier View

Relieves your credit union from having to be concerned with liquidity management 24x365

Leverages your Line of Credit with Alloya to ensure uninterrupted processing of real-time payments

Only requires pre-funding of an Alloya account based on activity (TBD)

P2P Payments

Alloya’s peer-to-peer (P2P) payment solution, powered by our partnership with Neural Payments and Prizeout, delivers a fresh and streamlined experience that gives your credit union the ability to grow deposits, engage with new members and offer a safer, more user-friendly payment experience directly within your digital banking app.

Key Features

Operates within your credit union’s existing digital banking app

Uses an open-loop system to enable your members to move money on traditional debit rails, modern fintech and real-time payment rails – including third-party digital wallets and accounts tied to debit cards

Mitigates heavy data-sharing requirements and settlement processes for your staff to learn

Offers an organic way of communicating with payment recipients (i.e., SMS text or email)

Uses a proprietary rules-based fraud engine to significantly reduce fraudulent activity

Selecting Solutions: Mix & Match

Alloya’s solutions can be leveraged as a bundle or a standalone.

Real-Time Processing

Real-Time Settlement + Real-Time Processing

In this scenario, your credit union already has capabilities for your members to initiate P2P payments. You want to expand options to include sending over the real-time networks. You can choose to settle and process these payments with Alloya. Your P2P solution would integrate with Alloya’s payment processing solution via an API. Settlement is configured at the network level with Alloya guiding you through the set-up process.

Real-Time Settlement + Neural Payments P2P

Real-Time Settlement

P2P Payments Only