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Value Proposition

The share draft service consolidates in-clearing and credit unions can streamline check-processing operations, maximize back office efficiencies, and boost member satisfaction with TranzCapture share draft processing.

Users access TranzCapture through Members Only, Corporate One’s online member portal, and conduct all share draft work from one consolidated platform. Members can count on robust reporting, and same-day access to images in a seven-year archive.

How does it work?

A share draft account is a simple checking account available to the natural-person member to write checks to pay for their own invoices.

Features and Benefits

  • Internet-based single point of access
  • Seven-year image archive online 24/7
  • Member access to check images through a link in mobile banking, Internet banking and e-statements
  • Direct handling of all adjustments
  • Reject re-entry and repair of damaged share drafts before the credit union’s posting file is transmitted
  • Member$MART: Using our web-based account management system, your credit union can:
    • Monitor daily settlement of share draft clearings, returns and adjustments
    • Monitor account activity and balances
    • Invest settlement funds

Corporate Drafts

With Corporate Drafts, credit unions have a convenient way to issue and track checks directly on their Corporate One settlement accounts.

Features and Benefits

A feature of corporate drafts is Positive Pay, a complimentary application available to our members who use our share-drafts service, which allows them to reconcile corporate checking accounts. With Positive Pay, credit unions can:

  • Detect fraudulent checks at the point of presentment and prevent them from being paid
  • Validate paid items once entered or uploaded into TranzCapture
  • Identify any research items, including exceptions/forgeries

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

The One Account

Our easy, competitive, integrated cash management solution has convenient overnight investment options, paying very competitive rates. With The One Account, you’ll have access to a full suite of cash management tools, such as Member$MART, our web-based account management system, making Corporate One the only place you'll need or want for effective cash management.