We’re pleased to announce that Corporate One has connected 18 credit unions to the RTP® network in 2023 through our Third-Party Service Provider (TPSP) solution. As of December 21, the following credit unions are utilizing Corporate One as their TPSP to connect to the RTP network:
“Establishing a connection between credit unions and the RTP network and the FedNow Service is a fundamental part of our vision for credit unions to embrace immediate payments, and the interest we’ve seen in the last year indicates an increasing recognition of the tangible benefits that immediate payments offer and that they constitute a strategic imperative for the future,” said President and CEO Melissa Ashley. "The success of our TPSP solution underscores our commitment to empowering credit unions with a simple solution tailored to enable credit unions to easily leverage real-time payments at an affordable cost.”
How it works:
As a certified TPSP for the RTP network, Corporate One utilizes an open payment platform to technically connect credit unions to the RTP network, allowing them to send and receive real-time payments without limitations on payment messages and integration services. The open framework provided by Corporate One ensures that credit unions have maximum flexibility to develop the payment experiences they desire.
Corporate One is planning to add the FedNow® Service connection in the first quarter of 2024 and has nearly 20 credit unions in the queue to go live early next year.
Keep up to date with the latest news on Immediate Payments in our quarterly newsletter.
Live webinar: Implementing RTP from a Credit Union’s Perspective
Gain some fresh perspective from a financial institution that has implemented the RTP network using Corporate One as their TPSP.
Date: January 16
Length: 30 minutes