NEW YORK, May 3, 2022 – Tassat® Group Inc., the leading provider of private blockchain-based, real-time payment solutions to banks, today announced that digital banking pioneer Axos Bank will offer its commercial banking clients access to TassatPay, which enables instantaneous, secure, real-time payment capabilities 24/7/365. Allowing banks to offer this service ensures their B2B customers can remain competitive in the increasingly digital economy.
When integrated, TassatPay will allow Axos Bank’s commercial banking clients to make real-time payments to other Axos Bank commercial customers enrolled in TassatPay. TassatPay’s digital payments alternative, provided via a private, permissioned blockchain-based platform, offers reduced costs, immediate settlement and the highest levels of security, all within current regulatory perimeters. To date, TassatPay’s proven platform has processed more than $400 billion in digital payments.
“Axos Bank, with its heritage of digital banking leadership and a customer base that primarily banks online, is a natural fit for TassatPay,” said Kevin R. Greene, Tassat’s Chairman and CEO. “TassatPay’s ability to provide secure, real-time payments will enable Axos Bank and its customers to compete and win in the fast-growing digital economy.”
About Tassat Group
Tassat Group Inc. is a NY-based technology company that is the leading provider of private blockchain-based, real-time solutions for commercial banks including TassatPay, which enables banks to provide their customers with instantaneous, secure, real-time payments 24/7/365. TassatPay has become the most trusted private, permissioned blockchain-based platform for the banking industry and its B2B customers with over $400 billion in secure, real-time transactions to date. This proven platform provides an on-ramp for banks to begin transitioning from legacy technology to blockchain technology that not only will make existing services, such as payments, more efficient, but also creates opportunities in areas such as smart contracts. Tassat was honored with a 2021 Google Cloud Customer Award for innovation in financial services. For more information, visit us at www.tassatpay.com, on Twitter or on LinkedIn.
About Axos Bank
Born digital, Axos Bank empowers smarter money choices by offering a full-service suite of banking, investing, and personal financial management tools in one convenient place. Through its proprietary online banking platform, Axos Bank gives customers access to a range of award-winning banking products built around competitive rates. Axos Bank holds over $15 billion in assets and is a wholly owned unit of Axos Financial, whose common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index, the KBW Nasdaq Financial Technology Index, and the S&P SmallCap 600® Index.
The Hubbell Group, Inc.