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Columbus, Ohio-based Sherpa Technologies has announced plans to launch an open payment platform for credit unions and other financial institutions, piggybacking on one of the first new core payments infrastructures built in the United States in more than 40 years. The CUSO expects to make its platform available in the fourth quarter of this year.

The platform will let credit unions, back-end platforms, funding agents and other entities to send, clear and settle payments immediately, as well as provide advanced messaging capabilities. It will work on the so-called RTP network developed by payments rail provider The Clearing House, according to Sherpa Technologies. Electronic payments company ACI Worldwide will support the extensible architecture.

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Tina Orem

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