FirstCorp CU to Offer Check 21 Services

Published June 11, 2007, 5:35 p.m. EDT

|

Updated August 27, 2020, 1:50 a.m. EDT

1 Min Read

PHOENIX – FirstCorp CU said yesterday it has signed with Diversified Check Solutions to provide an automated clearinghouse product for Check 21 to its credit union members in four surrounding states. Diversified’s ACHeck21 product suite will allow FirstCorp’s 70 credit unions to deploy an intelligent ACH web-based remote capture system. The system allows a fast and convenient way to convert check payments into ACH transactions through the use of a magnetic ink character recognition reader and easy-to-use software. Diversified is based in Lake St. louis, Mo.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Licenses and charters

OCC approves first CEBA credit card bank in 20 years

The federal banking agency has conditionally approved Mission Lane's request for a limited-purpose credit card bank charter.

By Melinda Lucy
Tech Reporter

34m ago
Living wills

Fed & FDIC cite 'significant uncertainty' in Amex living will

The Federal Reserve and Federal Deposit Insurance Corp. said they have doubts about the feasibility of American Express' resolution plan, yet issued no formal deficiencies with theirs or any of the other 14 other large banks' resolution plans reviewed.

By Ebrima Santos Sanneh
Reporter

52m ago
Originations

Home prices lag inflation; eastern metros build equity

Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.

By Colin McNamara
Reporter

2h ago
Stress tests

Fed finalizes stress test reforms, takes comment on scenarios

The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.

By Kyle Campbell
Staff writer

2h ago
Bank Notes

A penny saved is now just a penny sitting in a cup somewhere

After Congress passed a bill speeding up its demise, the penny will be more curiosity than currency.

By Paul Vigna
Managing Editor

3h ago
Inflation

August PCE inflation comes in lower, but with a twist

The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.

By John Heltman and Kyle Campbell

3h ago

Load More