PLANO, Texas—With NCUA saying it will wind down the remaining components of U.S. Central Bridge Corporate, including payment services such as ACH and automated settlement, Catalyst Corporate issued a statement saying it will have no problems filling any void for its member CUs, as it began researching the offering of replacement services in 2010.
Those member CUs will include credit unions that were previously served by Western Bridge Corporate FCU (WesCorp), San Dimas, Calif., which has been acquired by Catalyst.
“We know that credit unions will be especially concerned about ACH, as they have tens of thousands of natural-person members’ ACH activity running through the U.S. Central system—APEX ACH,” explained Catalyst’s Brad Ganey. “Catalyst Corporate has been operating a distinct ACH system in-house for years. In fact, the members we have on APEX-ACH, which we also support, all came to us from mergers with other corporates that offered it.”
The Catalyst ACH origination system is very similar to APEX-ACH, Ganey said and is offered ACI Payment Services. On the receipt side, credit unions have the option of using TranZact or secure FTP for transmitting files.
