Immediate Payments FAQ

How can my credit union get started?

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Evaluating the operational and financial considerations of accelerated payment delivery is crucial to ensure you're not left behind. For example, your organization must ask questions like the following:

  • Does it make sense for our credit union to implement immediate (real-time) payments right now?

  • How will immediate payments impact the types of services and experiences we would like to offer our members?

  • Do we have a road map for immediate payments?

  • Have we identified use cases that make the most sense for our membership?

  • What operational requirements would we like to keep in-house and what will we outsource?

  • What technology and operational capabilities would be required for us to offer immediate payments?

  • Do we have a platform that can support immediate payments processing and back-office operations?

If you’ve determined immediate payments are suitable for your credit union, you can connect to the RTP® network or the FedNow® Service through Corporate One.

  • As a certified third-party service provider for the RTP network, Corporate One uses an open payment platform to technically connect credit unions to the network so they can receive and send real-time payments without being limited in their payment messages and integration services.

  • As a FedNow Service participant, Corporate One enables a FedNow Service connection through a simplified API that can be integrated into various products and/or services so your credit union can meet member expectations and remain competitive by adding instant payments to your suite of solutions.

Contact Corporate One Federal Credit Union for more information at 866/MyCorp1, option 3.