Corporate America Credit Union (CACU) has become a certified participant on the Real-Time Payments (RTP) network, operated by The Clearing House (TCH) to receive payments on behalf of its member credit unions.
As a participant on the RTP network, CACU can receive credit transfers in real time and post immediately to members’ accounts.
VSoft Corporation, CACU’s fintech partner and third-party service provider implemented its transaction automation technology into CACU’s core, enabling real-time payments via the RTP network.
Lisa Coffey, chief innovation officer at CACU says: “Being able to receive payments through the RTP network is just the beginning of faster payment options for our members. We can’t wait to bring even faster payment innovations to our members in the future.”
Pete Pritts, president and CEO of Corporate America, comments: “We are so thrilled to be able to partner with TCH and VSoft to bring new opportunities to our nearly 500 members. They are asking for more options within the faster payments world and we are committed to providing those offerings.”
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