COLUMBUS, Ohio — Corporate One FCU said it has entered into a partnership with Grand Rapids, Mich.-based CUSO CU*Answers to expand the accessibility of real-time payments for credit unions across the nation.
According to the Corporate One, CU*Answers will leverage its Third-Party Service Provider (TPSP) for the RTP network solution to establish a technical RTP connection that their credit union clients can “easily leverage so they can receive real-time payments.”
The partnership has already led six early adopter credit unions to begin the process of joining the RTP network, Corporate One said.
‘Plug & Play’
“Our partnership aims to empower CU*Answers credit unions to conveniently access the RTP network through a plug and play solution, a simplified API connection that can be integrated into a wide range of products, allowing them to confidently advance their payment modernization efforts,” Corporate One President and CEO Melissa Ashley said in a statement. “Connecting CU*Answers to the RTP network enables them to swiftly onboard their client credit unions and provide them with seamless access to real-time payments. Partnerships like this one that fuel credit union adoption of immediate payments and help them compete and take advantage of immediate payments' opportunities are exactly what we hoped to do when we set out on this journey nearly ten years ago.”
Collaboration Began Last Year
Corporate One reported the collaboration between it and CU*Answers began in 2022 and explored the evolving landscape of payment processing for its clients, specifically focusing on The Clearing House's RTP network. Corporate One added the relationship leverages its RTP connection capabilities so CU*Answers can focus on building out RTP send experiences desired by its clients.
“Corporate One's RTP TPSP solution forms a crucial connection between the network, Corporate One, and CU*Answers. CU*Answers clients that adopt the solution will then work with Corporate One to finalize their respective connections to the network to become participants,” the corporate said. “The TPSP solution offers credit unions optimum flexibility to develop the experiences desired by their members.”
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