• Slice of Finance
  • Posts
  • Vaiu Global Launches Token Software to Bolster FedNow® Security at Money 20/20

Vaiu Global Launches Token Software to Bolster FedNow® Security at Money 20/20

Author

Slice of Finance Team
01 Nov

Key Highlights:

  • Vaiu Global unveils Ephemeral Token Software at Money 20/20 in Las Vegas to advance real-time payments.

  • Seamless FedNow® integration: Secure, tokenized bank withdrawals and deposits for a streamlined user experience.

  • Non-blockchain protocol: Offers high flexibility and easy implementation with legacy banking systems.

  • Real-time payments without data exposure: Eliminates the need to share personal account information in transactions.

Source: PR Newswire

Notable Quote:

❝

"Vaiu fulfills one of the great promises of the digital economy: enabling secured money movement without the bureaucratic, technical, and cost hurdles of traditional and modern payment methods. Our token-based protocol is uniquely positioned to accelerate the acceptance of FedNow® or any other real-time payment rails for banks and their customers – significantly enhancing security and data protection."

Reza Jalili, CEO at Vaiu Global

Our Take:

Vaiu Global’s introduction of its Ephemeral Token Software at Money 20/20 marks a significant advancement in the real-time payments landscape. By eliminating the need for personal credential sharing and supporting FedNow® adoption, Vaiu enhances transaction security while keeping costs manageable for financial institutions. This software’s non-blockchain, tokenized approach offers adaptability across payment systems, providing a consistent, secure, and user-friendly experience in a rapidly evolving digital economy. Vaiu's platform stands to transform traditional banking interactions, making instant payments more accessible and secure for institutions, businesses, and consumers alike.