PayThat is a patented, bank-centric, highly secure real-time payment system that uses text messaging and email to easily transfer money. PayThat supports additional value added services not possible with current U.S. payment systems which create over $30 billion in value.

An executive summary of the PayThat proposal and these use cases are available here.

These use cases are:

  • First Class Email | View Here
  • Cross-border trade facilitation services using a Single Window | View Here
  • Single Sign On Authentication and Credit Bureau services | View Here
  • Healthcare payments & health information exchange automation | View Here
  • Providing low cost financial services to the Unbanked
  • Replacement for SWIFT

The PayThat proposal was vetted and evaluated by the Federal Reserve Faster Payments Task Force | View Here

University Bank is open to partnership with other financial institutions, FinTech firms and venture capital firms to profitably deploy PayThat.

For more information please contact:

Mr. Stephen Lange Ranzini
President & CEO
University Bank
Phone: (734) 741-5858 xt 9226