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Value Proposition

Effectively compete in today’s marketplace by offering your members integrated Automated Clearing House (ACH) services. All users on Corporate One’s ACH platform receive superior member service and support from Corporate One’s accredited ACH professionals (AAP). Corporate One also provides all users free access to key resources at EPCOR, one of the nation’s leading payment trade association.

Benefits

  • An integrated ACH service offering will allow your credit union to attract new members and grow SEG and business accounts by offering:
    • Direct deposit
    • Payroll services
    • Accounts payable services
    • Monthly bill pay
    • Collections
    • Expense reimbursement and commissions
    • International payments to several countries, including Mexico and Canada
  • Increased operating efficiencies and simplified back-office processing
  • Fraud reduction with risk-based authentication
  • Ability to originate and receive from one platform
  • Free access to the resources at EPCOR
  • APEX-ACH system is compliant with NACHA Rules and will maintain compliance with new rules as required

How does it work?

Origination

ACH Origination offers credit unions the ability to become Originating Depositing Financial Institutions (ODFIs) that can initiate electronic debits and credits for their members and/or SEGs within the ACH Network, while reducing payment processing costs. As ODFIs, your credit union can create one-time entries for submission to the ACH network or you can create databases to initiate reoccurring ACH transactions into the system. The entries/databases are then batched into files and forwarded to the ACH Network for processing.

Receipt

ACH Receipt offers credit unions the ability to become Receiving Depository Financial Institutions (RDFIs) and receive ACH credit or debit requests on behalf of their members and/or SEGs from within the ACH Network, while reducing payment processing costs. Specifically, with ACH Receipt, APEX-ACH receives electronic debits and credits for Corporate One’s members from the ACH network, which are then distributed to RDFIs, or their processors, to post to members’ accounts.

Features

  • Web-based platform does not require software installation
  • Our warehousing feature allows us to provide your ACH files as received or store and transmit them prior to the operating of business on their effective date. Users can view trace and research items in the system warehouse at any time, after receipt
  • Various multiple transmission methods available for transmitting, either via the Internet or direct file transmission
  • User-friendly functionality allows you to submit exception items, such as notifications of change or returns
  • A complete reporting menu offers a full complement of daily, monthly and ad hoc reports for record keeping, risk mitigation, cash management and marketing purposes
  • International ACH with OFAC scanning
  • Comprehensive business continuity and disaster recovery programs
  • ACH accredited, service-oriented staff
  • Free online trainings and comprehensive resource materials

EPCOR

Providing additional value to our program by setting our ACH users up for success, Corporate One has developed a partnership with EPCOR, one of the nation’s leading payments experts, and is incorporating key resources from them into our offering:

  • ACH Operating Rules & Guidelines — All members receive a complimentary copy of the annual ACH Operating Rule & Guidelines.
  • Education — Corporate One will provide members that have more than $20 million in assets a complimentary Webinar training of their choosing.
  • Membership — Corporate One will provide free membership in EPCOR for members that have less than $20 million in assets.

Allow your members and merchants to make payments anywhere in the world, including to our neighbors Canada and Mexico, which lead all U.S. international payments. Your credit union can take advantage of this opportunity by tapping into International ACH, a cost-effective alternative to wire transfers. The program features:

  • Competitive exchange rates
  • Delivery of payments in U.S. dollars
  • Dependable clearing and settlement times
  • No deductions from the payment by foreign financial institutions
  • Turnkey, branded marketing materials, including print ads, statement stuffers and brochures