Payfinia’s Instant Payment Xchange (IPX) was recently announced as the winner of the prestigious Editor’s Choice Award as part of the 2024 PayTech Awards USA.

The awards are given out for groundbreaking innovations and to industry leaders who are shaping the future of payments.

“This recognition highlights the company’s exceptional work in the U.S.,” the company said in a press release announcing the winners.

This year’s PayTech Awards USA, in its second edition, surpassed the inaugural event with increased innovation and competition across all categories.

“The award exemplifies Payfinia’s long-term commitment to accelerating payments innovation and democratizing instant payment capabilities for community financial institutions and industry partners,” said Keith Riddle, Payfinia’s General Manager.

Payfinia, a Tyfone company, provides innovative solutions that redefine instant payments.

The company’s flagship product offering, the Instant Payments Xchange, is a secure, scalable and affordable real-time money movement service.

The PayTech Awards USA is conducted by FinTech Futures, the global market intelligence platform for financial services technology.