TORONTO, Canada–D+H Corporation said it is entering into a collaboration Columbus, Ohio-based, Corporate One FCU to accelerate the ability to offer members real-time payments.
Corporate One will use D+H’s cloud-based testing environment to simulate connectivity to The Clearing House’s real-time payments network.
“Corporate One recognizes the strategic shift faster payments present to credit unions to remain relevant and competitive financial services providers,” Lee Butke, Corporate One president/CEO said in a statement. “Being the first organization to commit to this real-time testing platform aligns with our strategic initiative to fully understanding and enabling real-time payments functionality for our members and credit unions nationwide. We are excited to get started.”
D+H said its testing environment will provide Corporate One, which serves approximately 825 CUs, with the ability to utilize the company’s U.S. real-time initiation channels, payment hub solution, and open API layer to quickly and easily simulate the execution and clearing of payments on the TCH network.
"Corporate One is eager to gain access to this testing platform, which will enable us to mimic the ability to send and receive payments real time in a variety of use cases for business-to-business, person-to-person, person-to-business and vice versa," Keith Riddle, EVP, enterprise solutions development at Corporate One, said.