PLANO, Texas–-Catalyst Corporate FCU said it will begin a six-month transition to a new, intuitive platform for its Automated Clearinghouse (ACH) Services that is said will allow credit unions access to added functionality and convenience.
Catalyst Corporate said it has worked with Aptys Solutions to provide enhanced ACH services to more than 600 credit unions. The “go live” date is scheduled for early fall, but transitional on-boarding will take place over the next several months.
Once in place, Catalyst Corporate said the new platform will allow:
- Automated FTP transfers for ACH origination, receipt and return items
- Powerful research capabilities with an expanded online archive
- Single sign-on access through Catalyst Corporate’s electronic transaction portal
- Automatic email notifications
- An integrated dashboard to manage ACH activity
- And a long slate of additional benefits
A ‘Lot’ of CU Input
“Credit unions have been providing a lot of input regarding the services they want and need,” said Justin Lutes, VP of Correspondent Services for Catalyst Corporate, in a statement. “We look forward to working with Aptys Solutions to provide this enhanced ACH functionality. Catalyst Corporate’s ACH Team will implement the transition in phases as we migrate credit union clients to the new platform. We are coordinating a communication and training schedule so that credit unions are kept up-to-date on the changes.”
Added Aptys Solutions EVP-Sales Eric Dotson, “We are pleased that Catalyst Corporate is tapping into Aptys Solutions’ robust, end-to-end platform in order to provide new ACH capabilities to their credit unions. Our PayLOGICS ACH solution was designed from the beginning to streamline operations for corporate credit unions and their member credit unions, improving efficiencies, and reducing operation costs.”
Lutes said the Georgia-based Aptys Solutions was chosen after careful consideration. Aptys Solutions provides services to more than 2,800 financial institutions nationwide and is a leading provider of real-time processing and electronic payments solutions.