Fundtech has signed a deal with Corporate One Federal Credit
Union in the US that will replace its current ACH system with that
of Fundtech’s.
Corporate One Federal Credit Union will now
provide its 800 members with Fundtech’s CASHplus and Payplus-ACH,
replacing the APEX-ACH platform that it currently uses. The
APEX-ACH platform is offered through US Central Federal Credit
Union – the wholesale provider of financial services to the
corporate network.
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The deal will allow Corporate One to process
ACH transactions for potential corporate credit unions.
Corporate One Federal Credit runs a wholesale
financial service and has links to 780 of America’s credit unions.
It areas of services include debit and credit cards correspondence,
as well as ATM services, share draft imaging, depository and
electronic payments.
Robert Coyan, Corporate One’s senior vice
president of operations said:
“[Fundtech’s solution will provide]
outstanding risk mitigation and monitoring capabilities; and for
those originating ACH transactions, a very robust user interface
(GUI) allowing our members to more easily add select employee
groups (SEGs).”
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