NASHVILLE—Volunteer Corporate Credit Union is reporting it has entered into a new partnership with Aptys Solutions, a provider of cloud-based, multi-channel, real-time and mobile payments.
VolCorp said in late 2022 it completed a “lengthy and thorough” review of several third-party payment providers to determine the best solution moving forward for its legacy ACH/wire processing, as well as faster payments, including RTP and FedNow.
“The decision to partner with Aptys ultimately came down to their experience serving the unique needs of wholesale financial institutions including corporate credit unions,” stated VolCorp. “Equally important was Aptys’ ability to automate wires end-to-end, to provide a single source for all payment rails, including faster payments with FedNow and RTP, ACH, wires, and mobile payments. Aptys has a proven track record of bringing new, innovative products to market that credit unions need to remain competitive.”
‘Choice in Funds’
Added VolCorp President and CEO Jeff Merry, “We are excited about our new partnership with Aptys. As we enable the use of faster payments for our members and integrate the new service into one platform that includes ACH, wires, and faster payments, VolCorp’s member credit unions will have the ability to offer their members a choice in funds movement based upon settlement timing, price, and levels of regulatory safeguards.
“By combining both legacy and emerging payment processing options into one system, VolCorp’s member credit unions can simplify its payments processes, access a variety of payment applications from a single login, and providing an effortless and secure user experience,” Merry added.
‘Just the Beginning’
Naseer Nasim, president and CEO of Aptys Solutions, said the company’s “market leading gateway connectivity to the FedNow Service and RTP is just the beginning of our strategic initiative in addressing the growing market demand for faster payments and we are looking forward to serving VolCorp and its more than 300-members to becoming future ready and gaining a competitive advantage in payments.”
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