Dallas, TX – November 19, 2025 – Fivancial, Inc. d/b/a BankSocial™ announced today that it has successfully facilitated its first live instant payment using the FedNow® Service on behalf of a U.S. credit union client. The transaction was initiated within the credit union’s digital banking experience and settled in seconds, demonstrating how community financial institutions can deliver modern peer-to-peer (P2P) payments while maintaining strong fraud, risk, and compliance controls.
“Executing our first production payment using the FedNow Service is a major milestone for BankSocial and for the credit unions we serve,” said John Wingate, Founder & CEO of BankSocial. “Our goal is to empower institutions to offer the speed members expect, supported by the transparency, fraud prevention, and control that regulators and risk teams require.”
During the live demonstration with the credit union’s leadership team, BankSocial showcased:
- End-to-end P2P initiation inside the credit union’s digital banking environment
- Member-friendly onboarding and configurable credit union controls
- One-time verification between sender and receiver to establish a trusted contact pair
- Instant availability of funds to the receiving member’s account
- Configurable payment workflows, including future support for instant virtual cards and other settlement options
Behind the scenes, the payment leveraged BankSocial’s embedded wallet and tokenized-deposit architecture, which enables financial institutions to facilitate instant settlement using the FedNow® Service through a modern, API-driven Payments Hub.
“From day one, we’ve designed this platform so that real-time payments, digital assets, and traditional accounts can coexist inside a single intelligent wallet,” said Liz Winninger, EVP of Strategic Growth & Innovation at BankSocial. “This first live transaction demonstrates how credit unions can move money instantly, assess risk in real time, and open the door to entirely new member engagement opportunities.”
Built for Risk, Compliance & Recovery
BankSocial also highlighted its integrated fraud and risk orchestration, which helps institutions implement instant payments with confidence:
- Real-time transaction scoring and behavioral analytics
- Recipient and endpoint screening aligned with emerging FedNow ecosystem practices
- Blockchain analytics and wallet clustering to monitor digital-asset flows
- Freeze, seize, and recovery tools supporting collaboration with exchanges and law enforcement
- Optional biometric verification and device intelligence on higher-risk transactions
This combined approach enables credit unions to offer competitive instant-payment options while maintaining a strong BSA/AML, fraud, and operational risk posture.
A Foundation for the Future of Payments & Wealth
The first instant payment facilitated through the FedNow Service aligns with the broader development of BankSocial’s cooperative financial infrastructure, including:
- Payments Hub & P2P – member-centric instant payments for P2P, business, and future bill-pay modernization
- Cooperative Liquidity Network (CLN) – a shared real-time settlement framework for credit unions
- Prospera™ – BankSocial’s unified digital-wealth platform offering stocks, ETFs, digital assets, and advisory hand-offs
- Secura™ – AI-driven fraud mitigation and digital-asset recovery services
“Our mission is to equip community institutions with the tools they need to thrive in a real-time, digital-first world,” said Wingate. “This first instant payment using the FedNow Service shows that credit unions can deliver modern experiences without compromising their commitment to safety and trust.”
See Also:
Credit Union of Texas Teams with BankSocial® to Break Crypto Myths | Disruption Banking
