Corporate One Federal Credit Union has signed with Fundtech to offer credit unions automated clearinghouse through Fundtech’s CASHplus and PAYplus-ACH payment systems.
Corporate One will be replacing the Apex-ACH platform offered through U.S. Central Federal Credit Union with a service it said will offer several enhancements and have pricing that is more favorable to its members.
Enhancements over the U.S. Central system include risk mitigation and monitoring capabilities, and for those originating ACH transactions a robust user interface allowing credit unions to more easily add select employee groups.
Columbus, Ohio-based Corporate One has $4.7 billion in assets and provides a variety of services, including ATM/debit and credit cards, share draft imaging, depository and electronic-payment services, and investments to credit union, to 780 credit unions across the U.S.
Corporate One soon will begin working with its members to transition them to the new ACH platform. U.S. Central, which is phasing out its ACH services by year end, is poised to set price increases on the Apex-ACH system beginning June 30. Corporate One said it expects to have all members transitioned by that time.
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