Kotapay Insights

Curious why credit and debit cards are such a powerful asset for your business? Dive into the key benefits that can transform your payment experience.

Nacha recognized FIBT as the #41-ranked originator by volume in the nation. In 2024, Kotapay, FIBT's payments division, processed more than 64 million transactions.

Kotapay is pleased to announce the appointment of Heather Schumacher as Head of Cards and BaaS Operations.

First International Bank & Trust (FIBT), a full-service, independent community bank, announced today a leadership transition and significant milestone in its 115-year history.

By eliminating middleware, Kavinu offers unmatched speed to market and revenue potential with a single, direct relationship with one of the country’s strongest community banks.

What is Banking as a Service, and what are its shortcomings? How does Kotapay envision a “next-gen” solution to make banking as a service a safer, more secure option for businesses?

Janet Pluntze, Founder and President of Payroll Solutions, explains why Kotapay has been a trusted collaborator with her business for two decades and counting.

Our Head of Payment Products and Strategy has been named to the 2024 RiseUp USA Academy. The prestigious program will be hosted at Money20/20, in Las Vegas.

What does the next generation of banking as a service look like? Our Chief Payments Officer joined Zebec Network’s “Future of Money” podcast series recently to discuss that and more.

Few would dispute that payroll will be an early and perhaps the largest adopter of real-time payments. We look forward to launching what we call Windowless Payroll in summer of 2024.

Nacha recognized FIBT as the #41-ranked originator by volume in the nation. In 2023, Kotapay, FIBT's payments division, processed 64 million transactions.

The importance of having strong BSA/AML policies is clear – but such policies don’t just safeguard a financial institution.

What could real-time payments mean for your business? Learn more about real-time payments and how Kotapay is planning for the future of payments.

We are excited to welcome Trent Sorbe to First International Bank & Trust’s Executive Team! Sorbe will serve as Chief Payments Officer.

Thank you to our customers and employees for their support and trust in Kotapay!

Since our humble beginnings in 1910, First International Bank & Trust has grown from a single bank in Arnegard, North Dakota to more than 30 branches spanning four states.

Kotapay, First International Bank & Trust’s payment department, was recently named to Nacha’s Top 50 ACH Originators List for 2022.

The ACH Network, which is the payment system that allows consumers, businesses, and other organizations to electronically move money, is continuing to grow on a massive scale.

In 1974, Nacha, the National Automated Clearinghouse Association, created the Nacha Operating Rules to ensure that millions of payments occur smoothly and securely each day.

Paycards are a type of payment especially useful for non-traditional workers such as those who work multiple gig jobs or manage their finances outside of banks.

Learn more about the Connecticut Department of Banking’s recent advisory on money transmission and statewide licensing requirement.

As the year winds down, it’s important to remain diligent and follow these five tips to help prevent fraud this holiday season.

Things online are not always what they seem. A website may looks legitimate, but it could be a fake webpage made by a fraudster in order to steal your information.

With over 30 years of experience in the industry, Kotapay has developed a robust system for collecting fraudulent bank account information.

Kotapay recommends businesses follow these steps to protect themselves from business email compromise.