Articles from Sionic

Sionic, a leader in real-time, bank-to-bank payments at the point of sale, today announced two senior leadership appointments: Shashi Varma, CTO and Head of Product and Joe Ciranni, EVP of Client Services. This strategic move supports the company’s ambitious growth plans amid surging demand for its Instant Bank Pay and Fraud Detection Service platforms.

Sionic, a leader in real-time, bank-to-bank payments at the point of sale, today announced the availability launch of its Instant Bank Pay service alongside Fraud Detection Service in Microsoft Marketplace, the unified online destination for customers to buy trusted cloud solutions, AI apps, and agents to meet their business needs. Sionic customers can now discover and deploy trusted solutions through Microsoft Marketplace, with smooth integration and streamlined management across Microsoft Azure and other Microsoft products.

Sionic, a leader in real-time, bank-to-bank payments at the point of sale, today announced a strategic partnership with Agentix (agentixpay.ai), the infrastructure layer for Agentic Commerce and AI Commerce. The alliance positions both companies at the forefront of a rapidly emerging payments frontier — one where AI agents autonomously discover, evaluate, and complete commerce transactions on behalf of consumers, instantly and more securely.

Sionic, a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store. Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively.

Sionic, a leading provider of omni-commerce, Pay-by-Bank (PbB) payment services today announced it is leveraging technology from E-HAWK, a leading provider of quality actionable cyber intelligence tools designed to combat fraudulent registrations, transactions and account activity, for its digital payments services. E-HAWK’s cloud-based online-vetting solution will now be integrated with Sionic’s Verified Rapid PaymentsSM (VRP) Commerce Gateway to help instantly verify and validate payers and payees.

Sionic, a leading provider of omni-commerce, bank-to-bank payment services today announced an expansion of its long-standing partnership with Google Cloud with the integration of Google Cloud's generative AI (gen AI) technology into Sionic’s Verified Rapid Payments ( VRP) Commerce Gateway. Google Cloud is widely recognized as a global leader in delivering a secure, open, intelligent, and transformative enterprise cloud platform.

Sionic, a leading provider of omni-commerce, verified rapid payments solutions, today announced it has appointed Susan Currey as chief compliance officer (CCO). With more than 15 years of risk and compliance management experience in the banking and fintech industries, Currey joins Sionic from PayPal where she successfully led a global team focusing on consumer compliance, global financial crimes, operational and information security/privacy reviews.

Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced that the company’s CEO, Ronald Herman, has been appointed to the U.S. Faster Payments Council (FPC) Board Advisory Group. The FPC is a membership organization devoted to advancing safe, easy-to-use, faster payments in the United States. In this role, Herman will help advise the FPC’s board of directors and staff on how to best capitalize on and respond to emerging trends in the payments ecosystem.

Sionic, a leading provider of omni-commerce, faster digital payments solutions, today announced it is launching a suite of new, trust-based services to address the significant challenges facing faster payments in the U.S. whether on The RTP® Network or upcoming FedNow™ bank rails. The services are designed to help avoid fraud that is prevalent in person-to-person (P2P) payments as is reported regularly.

Sionic, a leading provider of omni-commerce, faster digital payments solutions, today announced that it has entered into a strategic agreement with SpacePointe, a global payments technology company focusing on the digital transformation, to provide its Pay-by-Bank faster payments service. This enables merchant customers to accept instant, direct cash deposits from consumers at the point of sale.

Sionic, a leading provider of omni-commerce, faster digital payments solutions, today announced a strategic agreement with iVertical Payment Network (iVPN), a proprietary payments platform, to provide its Pay-by-Bank faster payments service to reinvent the gift card industry by enabling consumers to load digital cash from their checking accounts to merchant gift cards. Sionic’s embedded Pay-by-Bank service is the mechanism that allows consumers to securely link their bank account quickly and easily. The gift giver and gift receiver’s information is captured during the gift card activation process.

Sionic, a leading provider of omni-commerce, faster digital payments solutions, today announced it has appointed Matthew Watson as Chief Technology Officer (CTO). Watson brings more than 30 years of experience and a proven track record of success in developing and delivering enterprise technology solutions in a broad range of verticals including travel, insurance, medical, automotive and pre-paid industries. As CTO, he will oversee the company’s global IT initiatives, as well as support the recent surge in consumer demand for faster, secure and more responsible payments solutions.

Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced the September 1st launch of a unique resellers program aimed at ISOs, Agents, ISVs and other resellers looking to step up their game and provide merchant clients with a new Pay-by-Bank service in the U.S. Resellers may pre-register here.

Sionic, a leader in digital payments delivering instant bank-to-bank transfers from consumers to merchants, today announced it has entered a multi-year agreement with MX, a leader in open finance, to simply and safely link consumer bank accounts to enable Sionic’s Pay-by-Bank services in the U.S.

Sionic , a leading provider of omni-commerce, consumer-to-business payments solutions, today announced it is launching a free mobile app for local merchants to accept real-time, bank-to-bank, lower-cost cash deposits from customers at the point of sale.

Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced it is releasing online and mobile widgets to accept real-time, bank-to-bank digital donations, enabling instant, lower-cost cash deposits from donors to nonprofits. The service enables nonprofit organizations to receive direct deposit, one-time or recurring donations while bypassing expensive credit card swipe fees and providing immediate access to funds.

Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced it has selected Google Cloud as the exclusive provider of cloud services for the nationwide rollout of its real-time, bank-to-bank digital payment service, enabling instant cash deposits from customers to merchants’ accounts at the point of sale.

Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced its launch of the industry’s first real-time payments service enabling bank-to-bank digital cash deposits at the point-of-sale. In addition to receiving funds immediately, merchants benefit by avoiding expensive credit card swipe fees. The company has aligned with top financial institutions, payments processors and eCommerce partners to bring Pay-by-Bank to the customer checkout experience.