Project Midas Inc: Fintech Orum Connects to Federal Reserve to Enhance Payments

Orum is live with FedACH and will be adding FedNow and FedWire services. The direct connection to the Federal Reserve's payment rails "as a service provider is part of Orum's new money movement API, Deliver." The Deliver API orchestrates and optimizes money movement "through Federal Reserve payment rails on behalf of banking institutions." Clearing the bar for a direct connection "for payment processing and settlement is exceptionally difficult." Meeting the criteria for direct access "requires organizations