WICHITA, Kan.–LendingTools and Viewpointe reported they have entered into an agreement to jointly provide a new settlement option for corporate credit unions, helping to fill the void being created as U.S. Central FCU’s operations are wound down by NCUA.
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“The service, when available, will integrate the net settlement of wholesale payment service originators with corporate credit unions and their member natural person credit unions,” the two companies added. Under the plan, LendingTools will provide the payments technology and Viewpointe will supply the aggregate net settlement technology.
The two companies said testing of the new offering will take place in the first quarter of 2012.
