COLUMBUS, OH — Corporate One FCU is being featured in the Federal Reserve’s FedNow Service Provider Showcase, an online resource designed to connect financial institutions with information on the new FedNow Service, which offers instant payment solutions.
According to Corporate One, it will offer the following instant payment services to credit unions that are adopting the FedNow Service:
- Seamless settlement and liquidity management
- Convenient management of FedNow participation
- A technical connection solution that integrates ISO 20022 messages for each participation type (receive only, send/receive credit transfers, and request for payment) via its core agnostic, open-payment platform
- Sending and receiving credit transfers for the credit union
‘Excited to Participate’
“Corporate One is the premier resource for credit unions looking to take advantage of instant payments, and we are excited to participate in the FedNow Service Provider Showcase and extend our capabilities to the FedNow Service,” Corporate One’s President/CEO Melissa Ashley said. “Through our solutions, credit unions and their members will have access to the expediency, ease, and other additional advantages that the FedNow Service will offer upon its debut in July.”
Since January 2021, Corporate One noted it has participated in the Federal Reserve’s FedNow Pilot Program.
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