What Open Payment Network does

Open Payment Network, Inc. (OPN), founded in 2018 and headquartered in Pleasant Grove, Utah, is a private U.S. payment network operator that moves payment value and associated data in real time to deliver instant payments. The company operates a platform that interoperates with both The Clearing House Real-Time Payments (RTP) network and the Federal Reserve's FedNow Service, positioning itself as a single integration layer connecting financial institutions and FinTech developers to the two principal U.S. instant payment rails. OPN markets itself on the ability to integrate with existing core banking systems without requiring a core overhaul, lowering the implementation cost for banks and credit unions that face customer attrition to non-bank fintech alternatives.

The product surface consists of the OPN Platform (the core instant payment processing engine), the OPN API (developer-facing communication protocols for information access and transactional processing), and the OPN Sandbox (a testing and development environment). Platform features include a Directory Service for alias-based payment addressing and payee identification, Enhanced Reporting for analytics, Enhanced Remittance leveraging the ISO 20022 Rich Data Format to attach structured and unstructured data to each transaction, fraud controls based on cumulative value and velocity parameters with historical activity learning, and 24/7/365 availability supporting use cases such as instant mortgage payments, instant bill payments, instant payroll/on-demand payroll, and peer-to-peer payments. OPN is incorporated in the United States and currently operates with 1-10 employees, with leadership comprising co-founders Bradley Wilkes (President and CEO), Shane Hathaway (CTO), Robert Lewis (CRO), and Bruce Law (CMO).

The business model is a transaction-fee model in which financial institutions and FinTech developers pay per-transaction fees to process instant payments through OPN's RTP and FedNow integrations. Go-to-market combines an API-first, self-serve developer motion (sandbox, documentation, developer portal) with an enterprise field-sales motion targeting banks and credit unions; a distribution partnership with Q2 Holdings (announced 2025-08-20) layers on indirect enterprise channel reach into Q2's digital banking platform customer base. Named customers and adoption references are limited, with Bridge Community Bank publicly identified as an early adopter; OPN does not publicly disclose pricing tiers or per-transaction rates.

Name

Open Payment Network

Legal name

Open Payment Network, Inc.

Website

https://openpaymentnetwork.us

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Open Payment Network, founded in 2018, operates an instant payment network platform that interoperates with The Clearing House RTP and Federal Reserve FedNow rails, serving U.S. financial institutions and FinTech developers via API access and digital banking platform integration partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Pleasant Grove

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Transaction Processing Fees: Revenue generated from processing instant payment transactions through the OPN network. Financial institutions and FinTech developers pay fees for each transaction processed via the RTP and FedNow integrations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Open Payment Network operates a payment network platform that interoperates with The Clearing House RTP and the Federal Reserve FedNow instant payment rails, enabling financial institutions and FinTech developers to send and settle payments in real time. The offering consists of the OPN Platform, the OPN API for application integration, and the OPN Sandbox for developer testing, supported by capabilities such as alias-based directory services, Rich Data Format remittance, fraud controls, and 24/7/365 availability.

Product overview

Open Payment Network operates a payment network platform that interconnects with The Clearing House RTP and Federal Reserve FedNow payment rails. The core offering consists of the OPN Platform, which delivers instant payment capabilities including Directory Service, Enhanced Reporting, Enhanced Remittance, API with Workflow, and Fraud Controls. The OPN API and OPN Sandbox enable FinTech developers to build innovative payment applications. The platform supports services such as instant mortgage payments, instant bill payments, instant payroll processing, and peer-to-peer payments, all available 24/7/365.

Differentiator

Problem solved

Functional benefit

Products and services

• OPN Platform

Quantifiable outcome

• Instant funds transfer with virtually no cross-party or systemic risk in an open and interoperable payment system

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• Q2 Holdings, Inc.coreTechnology or Integration · 20 August 2025Q2 partnered with OPN to integrate instant payment capabilities into its digital banking platform. The integration connects to The Clearing House RTP and Federal Reserve FedNow instant payment rails, allowing financial institutions to process a full set of instant payment messages within their digital experiences.
• The Clearing HousecoreTechnology or IntegrationOPN integrates with the TCH-RTP network as an interoperability partner, enabling financial institutions to access RTP instant payment capabilities through the OPN platform.
• Federal Reserve FedNow ServicecoreTechnology or IntegrationOPN is listed in the FedNow Service Provider Showcase and integrates with the FedNow instant payment rail, providing financial institutions access to FedNow capabilities through the OPN platform.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Galileo Financial Technologies: Galileo is a large-scale payment processing and issuing platform serving banks, fintechs, and corporates. It overlaps with OPN in payments infrastructure for financial institutions but operates at a much broader scale and with issuing/processing capabilities well beyond instant-payment connectivity.
• ACI Worldwide: ACI Worldwide operates enterprise payment platforms used by banks for real-time, instant, and bulk payments globally. Its real-time payments hub solutions directly overlap with OPN's core rail connectivity and FI onboarding pitch, with greater scale and an established installed base.
• Plaid: Plaid provides connectivity APIs into bank accounts and payment infrastructure for fintech developers and financial institutions. While focused on account aggregation and open banking, Plaid's API distribution channel and developer audience overlap with OPN's developer-first go-to-market.
• Jack Henry: Jack Henry provides core banking and digital banking technology to thousands of U.S. community banks and credit unions — OPN's primary buyer segment. Jack Henry's instant payment offerings (e.g., Banno, JHA PayCenter) compete with OPN's FI-facing go-to-market.
• Finastra: Finastra is a large fintech infrastructure vendor serving banks with payments, core, and digital channels globally. Its payments platform suite overlaps with OPN's FI-facing instant payment integration value proposition at a much larger enterprise scale.
• nCino: nCino provides a digital banking and loan origination platform used by banks and credit unions. It sits in OPN's customer segment (community and mid-sized FIs) and increasingly competes in modernizing instant-payment-enabled digital experiences.

Direct peers

• Orum: Orum is an instant payment network operator offering API-driven access to RTP and other rails for banks and fintechs — directly comparable to OPN's core business of providing interoperable, instant-payment connectivity with developer-friendly APIs.
• Modern Treasury: Modern Treasury operates a payment operations platform with APIs for initiating and tracking bank transfers including instant payments. Both companies target fintech developers and financial institutions with API-first instant payment infrastructure.
• Dwolla: Dwolla provides an API platform for ACH and bank-transfer payments targeting fintech developers and financial institutions. Like OPN, it operates at the connectivity layer with a developer-first go-to-market and sandbox tooling, albeit focused on ACH rather than instant rails.

Emerging players

• Treasury Prime: Treasury Prime offers banking-as-a-service infrastructure including payment connectivity APIs for fintechs and banks. Its API-driven approach to bank integrations and payment operations overlaps meaningfully with OPN's positioning, though with a broader embedded banking emphasis.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/open-payment-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Open Payment Network