Latest Posts

Cogent Bank Launches Real-Time, Blockchain-Based Payments Through TassatPay®

August 2, 2022

Tassat® Group Inc., the leading provider of private blockchain-based, B2B real-time payments and financial services solutions to banks, today announced that Orlando, Florida-headquartered Cogent Bank has launched a fully-integrated digital banking platform powered by Tassat. The private permissioned blockchain-based payments platform, now available to Cogent Bank’s business-to-business (B2B) clients, is the latest adoption of TassatPay by a bank for use in its clients’ transactions.

“We welcome Cogent Bank to the growing roster of banks that are using TassatPay to facilitate real-time payments by their B2B clients,” said Kevin R. Greene, Tassat’s Chairman and CEO. “TassatPay is the only private permissioned blockchain-based, real-time payments platform fully deployed within the U.S. banking system. Working within our platform gives businesses confidence that their payments will be carried out safely, securely and in compliance with banking regulations.”

Cogent Bank’s adoption of the TassatPay platform will enable its B2B clients to make real-time payments 24 hours a day, 7 days a week, 365 days a year to other Cogent Bank clients enrolled in TassatPay. TassatPay, which has processed over $450 billion in transactions, provides benefits including immediate settlement, reduced costs, enhanced security and privacy and no limits on transaction sizes or volumes. TassatPay also provides a one-stop shop for B2B payments – allowing a bank’s clients to transfer money instantaneously, automate payments with smart contracts and connect to Fedwire within the same interface.

“We recognize that TassatPay will allow us to compete in today’s digital economy,” said Chirag Bhavsar, president of Cogent Bank. “It’s never been more important to provide our clients with instantaneous payments utilizing blockchain technology.”

The launch of TassatPay by Cogent Bank, through an agreement originally announced in January 2022, follows record interest by banks in TassatPay. Western Alliance Bank, Signature Bank, Customers Bank, Cogent Bank and Axos Bank have deployed TassatPay to provide blockchain-enabled payments for their B2B clients.

Categorized in:

This post was written by Elevate, Inc.

Comments are closed here.


Learn

See how we help our Tampa Bay clients.

Connect

Meet the right people, the right way.

Grow

Become an indispensible part of the Tampa Bay community.

Get Connected

Join our networks and stay in touch.

Read Our Testimonials

Hear what our customers have to say

“Aakash Patel, Chris Melvin and the rest of the Elevate team simply delivered. The connections Aakash made led to valuable relationships for me and new clients for RevStar. You can’t fully appreciate what Elevate can do for your business until you experience it first hand. I personally recommend their services to anybody looking to grow their network and business within the Tampa Bay community.”

Ken Pomella, PMP – CEO, RevStar Consulting

“If you’re looking to dive into the who’s who of Tampa Bay, Elevate, Inc. is the only way to go. Elevate worked closely with Tampa Bay Plumbers to help us get our foot in the door with the right business and community circles to help us grow. We appreciated Aakash Patel & Chris Melvin’s professionalism, attention to detail, and willingness to go over and above to provide us a quality service. The contacts through Elevate are numerous and professionally beneficial and the staff is always available to us. We enjoyed working with the Elevate team and will definitely keep them in mind for our future business needs.”

April Diemer – Tampa Bay Plumbers

“Working with Aakash and his team at Elevate was a great fit for our growing organization. His team helped us connect with key influencers across the region and identify opportunities. Together you work to define your goals and who you’re targeting and through their connections and network they can make warm introductions to the decisions makers you need to connect with.”

Chon Nguyen – Founder & CEO, Newgentek

“Elevate, Inc’s. business relationship building process and their specialized one-on-one client service has opened doors and created potential opportunities that we wouldn’t have been able to create on our own. If your business would benefit from business relationship building introductions, I highly recommend Elevate, Inc.”

Gary LoDuca – Founder & Owner, Thoughtful Advisors – 401(k) Plan Designs

© Elevate, Inc 2020