As a certified funding agent provider for The Clearing House’s new payments rail, the RTP network, Corporate One can facilitate the 24/7/365 management of the settlement and funding requirements for real-time payment transactions, requirements which could be overly burdensome for credit unions to administer on their own.
Corporate One’s funding agent services are complimentary for receive-only participants on the RTP network. We encourage establishing a funding-agent relationship at the beginning of your real-time payments journey to keep your future transition to becoming a send/receive participant that much easier.
Provides comprehensive 24/7/365 facilitation and management of a credit unions’ real-time payment transactions
Offers around-the-clock monitoring and management of funds
Simplifies cash management, settlement and reconciliation by combining real-time payments with a credit union’s existing settlement account for seamless transparency
Provides convenient and consolidated access to reports right from a credit union’s account
And lowers the pre-funded requirement a credit union must maintain with the Fed thanks to aggregation.