Pidgin Named President’s Award Winner in 2024 NEACH Excellence Awards
25 May 2024 - 12:53AM
Business Wire
Pidgin, a secure real-time payments platform built for the
future of payments, was named the winner of the President’s Award
in NEACH’s 2024 Excellence Awards. The NEACH Excellence Awards
showcase outstanding payments contributions in leadership, products
or services to the financial industry and beyond. Winners were
announced at the 2024 Payments Management Conference, held May
19-21 at Foxwoods Resort in Ledyard, CT.
Managed and judged by NEACH, the Excellence Awards program is
one of New England’s most prestigious honors, recognizing
individuals and organizations in the payments space. Financial
institutions and financial services companies can showcase their
ideas, whether big or small, that transform payments through
innovation, dedication and excellence. Specifically, the
President’s Award recognizes a financial services company that has
made significant achievements in the development, implementation or
advancement of electronic payments for the benefit of a financial
institution or its customers.
Pidgin was chosen as this year’s President’s Award recipient
based on its role in connecting financial institutions to instant
payment networks, and for continually advocating and educating the
industry on the benefits of faster payments. Pidgin is designed to
help banks of all sizes embrace faster payments now and in the
future, no matter how payments evolve. Pidgin serves as a central
connection point to the FedNow Service and other faster payment
networks, allowing financial institutions to easily deliver instant
payment options to their customers for a variety of use cases. The
platform facilitates the exchange of data between a financial
institution’s core processing system and relevant third-party apps,
including digital platforms, as well as the staff and account
holders, and payment networks to route and process payments.
“As financial institutions prepare for the future of electronic
payments, they need a strategic partner who will help them make the
shift to real-time transactions – from navigating the technology
requirements to adjusting treasury operations and onboarding to
networks like the FedNow Service,” said Abhishek Veeraghanta,
founder and CEO of Pidgin. “Oftentimes, bank and credit union
executives also need strategic guidance around product and service
offerings powered by real-time payments, and at Pidgin, we’re here
to support all these needs. We’re honored to be recognized by NEACH
for our contributions to the payments space this year, and we look
forward to continuing to drive meaningful change for financial
institutions across the nation.”
About Pidgin
Pidgin is a new, innovative and secure faster payments
ecosystem, enabling financial institutions, business owners and
individuals to process transactions faster and with lower fees.
Engineered to deliver innovation both today and in the future, no
matter how payments evolve, Pidgin allows financial institutions to
send and receive faster payments almost instantly, but in a more
secure way than virtual wallet alternatives. When using Pidgin,
money is kept within the financial institution, as opposed to a
holding account owned by a fintech provider. For more information,
please visit www.pidgin.net or follow them on Twitter
@PidginPayments and LinkedIn.
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