All posts by Ruhsora Magruf

Marketing Manager Ruhsora manages the marketing department and is responsible for execution of Alacriti's corporate marketing strategy. Ruhsora is a graduate of Rutgers University.
In the News, newsroom

Alkami Co:lab 2023

Alacriti is excited to join and exhibit at Alkami Co:lab, which brings together leading financial institutions, fintech companies, analysts, consultants, and digital banking experts to explore the future of digital banking. Attendees can use the collective power of the event to stay competitive now and determine what’s next for the industry.

Come talk to our team at Booth #12 about how we help financial institutions deliver modern digital payments and money movement experiences. If you would like to set up some time for a conversation, you can block some time on our calendar here. Also, don’t forget to enter for a chance to win an iPad in our giveaway!

Alkami Co:lab is hosted by Alkami, a leading provider of cloud-based, innovative digital banking solutions. This event will take place in Grapevine, Texas on April 4-5, 2023.

Webinar

Top 10 Misconceptions about the FedNow Service

 

The 2023 launch of the Fed’s new real-time payments rail, the FedNow® Service, is drawing near. However, there are still many misconceptions about what’s to be expected.

In this CUInsight hosted webinar, Joni Hopkins, Vice President, Product and Relationship Management Group at Federal Reserve Financial Services, and Mark Majeske, SVP Faster Payments at Alacriti reviewed the top ten misconceptions in the market about the FedNow Service.

Some of those misconceptions included:

  • My credit unions has to offer all use cases for members to see a value
  • It’s mandatory to open a separate account with the Fed
  • Processing real-time payments is more expensive than processing Same Day ACH
  • A brand new fraud system for instant payments is a must

Watch the webinar playback now to get the facts, as well as an overall update about the FedNow Service.

 

In the News, newsroom

2023 NACUSO Network Conference

Alacriti is looking forward to attending and exhibiting at the 2023 NACUSO Network Conference, a gathering of over 500 credit union and CUSO attendees who are some of the most innovative and business-minded people in the industry.

Stop by our table in the Networking Exhibits lounge in the Margaux Ballroom to speak with our team about our comprehensive money movement platform that redefines what’s possible and learn how we can help your financial institution accelerate your payments modernization. If you would like to set up some time for a conversation, you can block some time on our calendar here.

Also, don’t forget to enter our giveaway for a chance to win a pair of Airpod Pros while you’re at our booth too!

Webinar

Navigating Fraud in the World of Instant Payments: Strategies for Success

As payment technology advances, so does the need for effective fraud prevention strategies.

Listen to experts Mike Cook, VP of Commercialization, Fraud Solutions at Socure, and Mark Majeske, SVP of Faster Payments at Alacriti, in this Banking Exchange hosted webinar, as they discuss the current and future state of fraud in the instant payments landscape, and share strategies for protecting your business in the face of evolving fraud trends.

Key topics covered include:

  • Anticipating and preparing for future fraud trends in 2023 and beyond
  • A deep dive into the issue of money mules, a prevalent form of fraud
  • The benefits and importance of combining identity verification with transactions for enhanced security
White Papers

FedNow Service: What’s Coming in 2023

The FedNowSM Service is an instant payment service created by the
Federal Reserve Banks to provide safe and efficient instant payment services in real-time, 24/7/365. The targeted release of the FedNow Service has been narrowed down to May-July 2023, raising many
questions.

In an ICBA-hosted webinar, community banks had the chance to hear directly from the Federal Reserve about what to expect from the FedNow Service. Joni Hopkins, Vice President, Product and Relationship Management Group at Federal Reserve Financial Services, and Mark Majeske, SVP Faster Payments at Alacriti, provided an overall update and information on how community banks can prepare for and connect to faster payments.

In the News, newsroom

ICBA LIVE 2023

Alacriti is excited to attend and exhibit at ICBA LIVE 2023, the largest annual gathering of community bankers. Attendees will have access to informative programs on current community bank topics as well as the expo hall, which will feature over 200 leading products and service providers.

Come talk to our team at Booth #412 about how we help community banks deliver modern digital payments and money movement experiences. If you would like to set up some time for a conversation, you can block some time on our calendar here. Also, don’t forget to enter for a chance to win Apple AirPods Max in our giveaway!

The Independent Community Bankers of America (ICBA) is an organization that creates and promotes an environment where community banks flourish. This year’s conference will be held in Honolulu, Hawaii, from March 12th to March 16th.

White Papers

Real-Time Payments Funding Agents 101

For real-time payments to work, every transaction is made possible by a pre-funded balance account that allows the transaction to clear and settle at the same time that the actual transaction is being made. For example, on The Clearing House’s (TCH) RTP® network, every credit union and bank on the network has a position on the RTP funding account, which is held at The Federal Reserve Bank of New York. A funding agent can manage a financial institution’s position on their behalf and provide financial institutions with the liquidity needed on weekends and holidays, which
ensures that their account retains a sufficient balance.

In a Callahan-hosted webinar, Toby Thomas, VP, Product Marketing Strategist at
Corporate One FCU, and Mark Majeske, SVP Faster Payments at Alacriti, discussed
what credit unions should know about using funding agents to connect to real-time
payment rails.

In the News, newsroom

2023 CUNA Governmental Affairs Conference

 

Alacriti is looking forward to attending and exhibiting at the 2023 CUNA Governmental Affairs Conference, the largest advocacy event in the credit union movement. During this event, attendees can connect with the growing credit union community, advance the credit union mission, and advocate for the financial well-being of more than 120 million people.

Stop by our booth #742 to speak with our team about our comprehensive money movement platform that redefines what’s possible and learn how we can help your financial institution accelerate your payments modernization. If you would like to set up some time for a conversation, you can block some time on our calendar here.

Also, don’t forget to enter our giveaway for a chance to win an Apple Watch while you’re at our booth too!

Webinar

Payments in 2023: What You Need to Know

2023 will be an important year for payments.

The industry faces change across the landscape, including an anticipated recession. Real-time payments will continue to accelerate, and the launch of the FedNowSM Service in 2023 will bring a big step toward ubiquity. Fraud in real-time payments, whether real or perceived, is receiving a lot of attention—and not all of it in a good way. In the meantime, ISO 20022 is a key topic with a mandatory Fedwire migration to it by 2025. Globally, the migration of MT to MX on SWIFT, which also leverages ISO 20022, continues to be challenging to all. But the U.S., compared to other countries, has spent comparatively less, potentially putting the U.S. at a significant disadvantage in terms of both readiness and gaining the benefits. Overall, financial institutions have a lot to do, and how they approach the changes will be a competitive differentiator.

In this American Banker hosted webinar speakers from Celent and Alacriti discuss:

  • Expected impact of a recession on payments based on historical data
  • How fraud prevention is different with real-time payments
  • The impact of Fedwire modernization to ISO 20022 by 2025
  • Where financial institutions should be when it comes to ISO 20022
  • The need to drive faster payments adoption with more product ideation, which will, in turn, provide more use cases
  • How to extend real-time payments to the user experience

Submit form to access webinar

White Papers

Aite Matrix: Payment Hub Vendors

The Aite Matrix explores some key trends within the payments hub and
infrastructure market. It discusses how technology is evolving to address new market
needs and challenges. The report recognizes specific vendors for their strengths in critical areas to help FIs make more informed decisions as they select new technology partners.

“Alacriti is one of the newest vendors profiled in this report. Even so, Alacriti clients expressed the highest levels of positive client perceptions of any vendor references
interviewed for this report,” Aite-Novarica Group.

Webinar

Connect to FedNow with our Early Adopter Program

The FedNowSM Service targeted release has now been narrowed down to May-July 2023, making it even more practical to start executing a real-time payment strategy today. Alacriti’s Early Adopter Program is making it easy, fast, and cost-effective for credit unions to connect to the FedNow Service.

In this NACUSO hosted webinar hear from Mark Majeske, Senior Vice President Faster Payments at Alacriti about the Early Adopter Program and get answers to your real-time payment questions. Majeske is a real-time payments expert who was a member of the team that launched the RTP network at The Clearing House.

The webinar covers:

  • How credit unions can connect to the FedNow Service
  • What the benefits and savings are for the Early Adopter Program
  • Considerations for real-time payment fraud prevention
  • When credit unions should consider funding agents
  • How to extend real-time payments to the user experience
  • Infrastructure and operations changes to expect from real-time payments

    Webinar

    FedNow Service: What’s Coming in 2023

    The FedNowSM Service is an instant payment service created by the Federal Reserve Banks to provide safe and efficient instant payment services in real-time, 24/7/365. With the targeted release of the FedNow Service narrowed down to May-July 2023, there are certainly a lot of questions surrounding it.

    In this ICBA hosted webinar, community banks had the chance to hear directly from FedNow. If you missed the FedNow Launch Webinar Series, this is a good opportunity to get a lot of information in a short amount of time. Joni Hopkins, Vice President, Product and Relationship Management Group at Federal Reserve Financial Services, and Mark Majeske, SVP Faster Payments at Alacriti, discussed:

  • An overall update from the Federal Reserve
  • Plans to achieve ubiquity
  • What will be available upon launch
  • Features and functionality of the FedNow Service
  • Details on anticipated FedNow Service pricing
  • How community banks can prepare for and connect to faster payments
  • More on fraud prevention, funding agents, and the user experience
  • Alacriti’s Early Adopter Program, which provides savings and benefits for community banks connecting to the FedNow Service

    • Webinar

    Real-Time Payments Funding Agents 101

    Many financial institutions are turning toward funding agents to manage their position within The Clearing House (TCH) RTP® network funding account. This funding account allows TCH to clear and settle the transaction at the same time that the actual transaction is being made from member to member. Funding agents provide financial institutions with the liquidity needed on weekends and holidays, ensuring their account has an adequate balance.

    In this Callahan hosted webinar, Toby Thomas, VP, Product Marketing Strategist at Corporate One FCU, and Mark Majeske, Senior Vice President Faster Payments at Alacriti, cover what credit unions should know about using funding agents to connect to real-time payment rails.

    Credit unions will learn:

  • Why funding agents make sense for some credit unions
  • Which financial institutions can use funding agents
  • Steps needed to secure a funding agent
  • The benefits and challenges of managing your own funding account position
  • The impact funding agents have on credit union operations and Fed requirements

    • White Papers

    Real-Time Payments: How to Monetize and Stay Competitive

    Instant or real-time payments are gaining traction in the U.S. How can financial institutions capitalize on this opportunity? It’s time to plan the best way to create revenue and the best user experience possible. However, as financial institutions move forward, there are a few elements to consider. In a Bank Automation News hosted webinar, Gareth Lodge, Senior Analyst, Global Payments at Celent, and Mark Majeske, Senior Vice President, Faster Payments at Alacriti, discussed how financial institutions can both optimize and monetize instant payments.

    Webinar

    Fraud Prevention in a World of Instant Payments

    As real-time payments gain popularity in the market, fraud prevention is a top consideration for financial institutions. Systems used for ACH or wire payments have time to consider the transaction before decisioning, while real-time payments allow only seconds. However, real-time payments can sometimes be a financial institution’s first foray into 24/7 transactions. A question of utmost importance is, does the current enterprise fraud system effectively handle real-time payments, or is it leaving these transactions unprotected?

    In this PaymentsJournal hosted webinar, Brian Riley, Director, Credit Advisory Service at Mercator and Mark Majeske, Senior Vice President, Faster Payments at Alacriti discuss how fraud prevention measures need to be augmented to handle instant payments with a focus on:

    • The use of artificial intelligence and machine learning
    • Best practices for consumer education
    • Leveraging data
    • What financial institutions can do to prevent fraud before it gets to their system
    • How it’s possible to respond in real-time

    Complete the form to watch the webinar playback.

    White Papers

    RTP 2.0: Adding Value With Payment Origination & Innovation

    The number of financial institutions connected to The Clearing House (TCH) RTP® network continues to grow (now at 65% of U.S. demand deposit accounts (DDAs)). At the same time, TCH has been busy—e.g., launching a pilot for immediate cross-border payments and adding a new tokenization capability. In a Credit Union Times hosted webinar, Keith Gray, Vice President of Strategic Partnerships at TCH, and Mark Majeske, SVP of Faster Payments at Alacriti, discussed the RTP network advances to come.

    In the News, newsroom

    AFP 2022

    Alacriti is looking forward to attending and exhibiting at AFP 2022, the country’s largest gathering of corporate treasury and finance professionals. At this event, attendees can choose from a large selection of educational sessions and network with their peers.

    Stop by our booth #2106 to speak with our team about our comprehensive money movement platform that redefines what’s possible and learn how we can help your financial institution accelerate your payments modernization. Get your badge scanned by a member of our team to take part in our giveaway for a chance to win Sony Noise Canceling Headphones! If you would like to book a meeting at the show, you can block some time on our calendar here.

    And don’t forget to join us and the Faster Payments Council for a special reception with other FPC members and payments professionals on Tuesday night, October 25. Find more details and RSVP here.

    The Association for Financial Professionals (AFP) is an organization dedicated to the development and education of finance professionals. This year’s conference will take place October 23 – 26 in Philadelphia, PA.

    Webinar

    Real-Time Payments: How to Monetize and Stay Competitive

    Real-time payments are here. So what are the next steps? It’s time to strategize how to maximize revenue and provide accountholders with the best experience possible. In addition, as financial institutions adopt real-time payments, there are a few elements to consider as they move forward.

    In this Bank Automation News hosted webinar, Gareth Lodge, Senior Analyst, Global Payments at Celent, and Mark Majeske, Senior Vice President, Faster Payments at Alacriti discuss:

    • How to unlock multiple revenue opportunities leveraging use cases
    • Where real-time payments are in the U.S.—and why banks and credit unions need to move quickly
    • The lessons learned from around the world and the early movers in the U.S. to ensure success
    • And how three things often perceived as barriers—fraud, funding, and the user experience—are both easy to fix and potentially differentiators if you get it right

    Complete the form to watch the webinar playback.