Tassat Generates Record Interest From More than 200 Banks in the Digital Interbank…
Tassat Group Inc., sponsor of the Digital Interbank Network (The Network), today announced that they are in discussions with more than…
The Network is comprised only of FDIC insured banks transacting real-time payments and performing other banking services between their commercial customers – 24 hours a day, 365 days a year, via private permissioned blockchain.
The Network enables banks to offer a virtually unlimited range of secure, real-time services to their customers, including instantaneous blockchain-based payments, Fedwire integration and Smart Contracts.
Instantaneous payments 24/7/365 between participating banks with no limits on transaction sizes or volumes.
Secure real-time B2B payments across Member Banks. Private permissioned blockchain is accessible only to entities allowed to view the data and transactions.
All Member Banks have established identities and utilize banks’ existing know-your-customer (KYC) and anti-money laundering (AML) processes.
The Network is governed by Member Banks ensuring banks remain at the leading edge of innovation in banking and financial services. Innovative use cases and new applications can be deployed and adopted swiftly and efficiently.
The Network’s technology is compatible with legacy banking systems, allowing Member Banks to give clients access to the latest innovations without having to redesign or fully upgrade their systems. Fedwire integration available to Member Banks. Smart contracts and other financial innovations can be implemented swiftly and cost-effectively.
Banks are the backbone of the U.S Economy. The Network operates for the benefit of US regulated banks. The Network allows banks to target both local and large vertical markets.
Founded in 2017
Based in New York’s Flatiron “tech” district
Won 2021 Google Cloud Award for Innovation in Financial Services
Initial launch in 2019
Over $500 Billion in real-time transactions to date
Tassat has added Smart Contracts and Fedwire functionality to make TassatPay a one-stop-shop for B2B Payments.
Governed by Member Banks
Instant payments between member banks
Innovation and opportunity in new vertical use cases
Tassat Group Inc., sponsor of the Digital Interbank Network (The Network), today announced that they are in discussions with more than…
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Introductory Video to TassatPay & The Digital Interbank Network
Tassat Group Inc. unveiled the nation’s first real-time Digital Interbank Network (“The Network”) and the technology infrastructure behind it with a live demonstration attended by more than 100 banks from around the country on December 16, 2021. See highlights from the event here.
The Digital Interbank Network is the gateway to a fully digital banking system – it is the future of banking.