JACKSONVILLE, Fla.–First Florida Credit Union has also become first in going live to receive payments on the RTP Network and FedNow Service with Corporate America Credit Union via the Pidgin Exchange payments platform.
Members of First Florida can now instantly receive payments and access funds transferred to them using either of these payment rails, 24/7/365, the Irondale, Ala.-based Corporate America said.
“Increasingly, members want real-time solutions for their banking needs,” said Brent Lister, president and CEO of First Florida. “Incorporating RTP and FedNow payment rails into our transfer infrastructure removed a barrier to immediate access to transferred funds. The decision aligns with our promise to listen and be responsive to our members' needs.”
Corporate America CU said Pidgin Exchange is a service provider providing technology that enables transactions to
move across either the RTP or FedNow rails.
To Serve as Settlement Point
Corporate America Credit Union said it is not only working with Pidgin and First Florida to facilitate the transactions, but will also serve as the settlement point for the credit union.
“Our industry must remain vigilant when it comes to new payment channels and giving our members what they want,” said Chief Innovation Officer Lisa Coffey. “Consumers have proven they want fast, easy, and reliable ways to move money and CACU is dedicated to offering these solutions.”
Now With Free Shipping! The CUToday.info Daily News Email Keeps Getting Better!
The biggest, best and freshest news reporting in credit unions remains free, and now has an added bonus---free shipping to your email address! That’s right. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?