Alloya Corporate Federal Credit Union has selected Fundtech's PAYplus-ACH to replace its current product based on the U.S. Central Bridge Corporate APEX-ACH platform.
The new ACH products offer several enhancements, including risk management tools, according to Alloya, based in Warrenville, Ill.
The suite will include an ACH receipt and ACH origination product and will be accessed through Premier View, a secure online account management system. Premier View will let authorized users access the ACH platform from within an interface that also provides access to other services provided by Alloya. Alloya is a wholesale financial institution for credit unions and has more than 1,100 credit union owners as members.
Alloya expects to begin converting members to the new system in the summer of 2012.