Payments Modernization
Unify instant payments, ACH, wires, digital money movement, and emerging payment rails through a single payments platform—without rebuilding your tech stack.
Payments Modernization
What Is Payments Modernization?
Payments infrastructure has become a strategic priority. As payment rails, customer expectations, and digital money continue to evolve, financial institutions need modern, flexible infrastructure that can support today’s payment networks while adapting to tomorrow’s innovations.
Challenges
The Cost of Not Modernizing
Today’s consumers demand seamless, real-time payment experiences across every platform. When legacy infrastructures are patched together with disconnected vendor solutions, the results are inconsistent user experiences and operational friction. Maintaining the status quo comes with a high price:
Unnecessary spending caused by routing payments to suboptimal rails
Example: A bill payment that could move electronically for pennies is instead printed and mailed as a paper check, driving up costs
Fragmented, frustrating payment experiences drive significant call center volume
Example: A financial institution reports that payment-related issues account for 15% to 33% of all contact center calls, creating avoidable operational expense
Neobanks and fintechs don't carry the same regulatory burden, yet they are setting the bar for digital payment experiences
Example: Accountholders increasingly moving funds to digital wallets rather than waiting days for transfers to settle through legacy rails
When payment rails live in disconnected systems, staff are forced into manual, multi-system workflows just to initiate and reconcile transactions
Example: A single wire transfer requires staff to move between separate origination, approval, fraud, compliance, and processing systems before funds are released.
Yesterday’s Payments Are Costing You Tomorrow’s Growth
of senior banking leaders named technology integration and platforms as a top-three investment priority ¹
of financial institutions plan to deploy a payments hub in 2026, up from 9% in 2025 ²
in deposits have shifted from FIs to fintech savings and investment platforms over the past 5 years ³
of financial customers would switch providers for better digital experiences ⁴
Solutions
Payments Hub
Unified Money Movement
Orbipay Loan Payments
Electronic Bill Presentment & Payment (EBPP)
Value
Progressive Modernization—Your Way
Eliminate back-office silos and operational friction—one rail at a time.
Maintaining legacy infrastructure doesn’t have to mean maintaining the status quo. Alacriti allows you to modernize your payments incrementally, ensuring your team stays agile while you:
- Centralize Infrastructure: Consolidate instant and faster payments, wires, and ACH into a single, orchestrated hub
- Unify the Experience: Inject modern money movement across every accountholder channel and platform
- Scale Without Disruption: Deploy new capabilities such as the FedNow Service or RTP network without a total system overhaul
- Evolve Strategically: Modernize your technology stack at your own pace to meet shifting regulatory and market demands
Key Capabilities
End-to-End Orchestration on One Secure Platform
Alacriti’s solutions provide a unified, ISO 20022-native infrastructure designed to bridge the gap between legacy systems and modern money movement. By leveraging microservices and open APIs, our technology integrates seamlessly with your existing core and digital banking systems, enabling financial institutions to modernize payments without disrupting operations.
Multi-Rail Payments:
Orchestrate ACH, Fedwire, the RTP network, the FedNow Service, Visa Direct, Zelle®, and digital money through a single platform.
Unified Money Movement:
Deliver seamless experiences for account funding, transfers, loan payments, bill payments, payouts, and Request for Pay (RfP) across consumer, SMB, and commercial channels.
Intelligent Operations:
Streamline payment processing with centralized controls, cross-rail visibility, automated workflows, integrated fraud protection, and intelligent routing.
Future-Ready Infrastructure:
Accelerate innovation with ISO 20022-native technology, open APIs, pre-built integrations, and a flexible architecture designed to evolve with changing business and market needs.
Frequently Asked Questions
How do banks modernize payments without replacing core systems?
Many institutions modernize incrementally using a payments hub that integrates with existing core and digital banking platforms.
Why are payment hubs becoming more popular?
Payment hubs help reduce operational complexity by centralizing payment processing, orchestration, reporting, and compliance.
What is intelligent rail routing and why does it matter?
Intelligent routing means the platform automatically determines the best rail to process each transaction based on rules set by the institution—whether that’s lowest cost, fastest settlement, or preferred network. This reduces unnecessary transaction costs and gives institutions control over their payment economics.
What happens if an institution delays modernization?
Delay compounds the problem. Legacy bill pay and wire systems generate disproportionate call center volume, manual reconciliation burdens, and customer or member frustration. Meanwhile, fintechs and neobanks are capturing primary banking relationships by offering the speed and simplicity that legacy infrastructure can’t match.
Relevant Resources
Let’s Talk About Your Payments Strategy
See how Alacriti can simplify operations, accelerate innovation, and future-proof your payments ecosystem.
