Byline Bank, a Chicago-based financial institution, has partnered with Tassat Group Inc. to deliver TassatPay, a blockchain-based payments platform, for customers. With the tool, Byline's B2B customers will be able to access real-time blockchain payments 24/7 with no transaction size or volume limit, according to a press release.
"Leveraging this technology allows Byline to expedite how quickly payments are sent and received for customers using this platform," Alberto J. Paracchini, president and CEO of Byline Bank, said in the release. "We believe this will be particularly useful to our B2B customers, who can utilize this new technology to send and receive large payments to their clients, vendors and partners, whenever they need to — including weekends and holidays. We're proud to continue to invest in ways to improve the experience our customers have with Byline."
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