by
Catalyst Corporate | May 30, 2023
App Processes Transactions in Seconds and Supports Infrastructure for Future Instant Payments
Catalyst Corporate announces its official launch of Moli, a multi-rail mobile payments platform that targets simplifying person-to-person (P2P) payments and positions credit unions for upcoming enhancements in the mobile and faster payments landscape.
An innovative SaaS, stateless, and serverless platform, Moli, formerly known as PayMōli, was created by Catalyst Corporate subsidiary Aptys Solutions, the leading provider of cloud-based, end-to-end payment solutions. Moli is designed to remove barriers credit unions face when trying to access the latest mobile payments technology and to align them with a platform that is equipped to capitalize on future capabilities.
“In the last few years, we have witnessed a significant increase in interest and adoption of mobile and faster payments,” said Bruce Fox, president & CEO of Catalyst Corporate. “The pandemic accelerated demand, as many credit unions quickly searched for providers that could help respond to market pressure for mobile and faster payment solutions.
“The promise of real-time payments has continued to surge,” Fox said, “and Moli enables us to offer members not only a mobile P2P solution, but also an infrastructure that supports the Federal Reserve’s FedNow™ Service and The Clearing House RTP® Network. These benefits make Moli a strong contender as a faster payments solution.”
Moli offers a turnkey platform that provides credit unions a co-brandable mobile P2P app that allows people to pay people. It comes with multiple transaction delivery options and reduced implementation, integration and support costs. Unlike other mobile payment alternatives on the market today, Moli accepts both same-day ACH and debit in addition to instant payments and provides a history of all payment activity. It also comes with a comprehensive marketing package to help credit unions bring the solution to market quickly.
For more information about Moli, including its interface with the FedNow Service and the RTP Network, contact us today.