Value Proposition
Share draft processing is the payment backbone of any credit union, regardless of asset size or membership base. Corporate One's share draft program is flexible and powerful, allowing credit unions to provide their members personalized access to their funds, including convenient online access to images of cleared items.
Benefits
- Time and money savings, thanks to free adjustments, free receipts, free research assistance and 100% next-business-day availability of adjustment funds
- Corporate One acts as a liaison with all Federal Reserve check processing sites
- Additional image quality analysis and duplicate detection to help reduce adjustments and detect fraud
- Two business checking options give you choices about how your credit union's own items are handled
Features
- Unsurpassed member service
- Free assistance with adjustments
- 100% next-business-day availability of adjustment funds
- Free source of receipts upon request
- Multiple file transmission options, including MemberView®, FTP and others
- Online interface for input of returns
- Online verification of files and settlement
MemberView®
Using our web-based account management system, your credit union can:
- Monitor daily settlement of share draft clearings, returns and adjustments
- View electronic images of items
- Process returns and adjustments manually or using host files
- View the daily cleared item report for business drafts
- Submit and receive transmission files
- Monitor account activity and balances
- Invest settlement funds
Digital Imaging
Since 1998, Corporate One's share draft processing services have featured digital imaging. This approach allows for the online storage of an electronic image of both sides of a processed share draft for up to 365 days.
- View posted and non-posted items via MemberView and print them at the point of service
- Access share draft items easily online, without the expense of storing them on CD
- Offer credit union members the ability to view their own share draft images on the Web, via the credit union's online banking channel. Corporate One interfaces with most major data processors
Business Checking
We offer two distinct business checking accounts that are inexpensive and easy to reconcile.
- Option 1: Written on a credit union's R/T# and cleared with daily member items
- Option 2: Written on a credit union's R/T# and cleared through Corporate One. Also used to obtain money orders, certified checks and cashier’s checks
Safety
With any share draft processing program, continuity and security are integral components. Our business recovery program includes:
- A redundant data storage system
- A secondary off-site processing site
- Line of credit options to protect from overdrafts