Kotapay Insights

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.

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.