Sharefax Credit Union’s partnership with more than 80 auto dealerships demanded a highly efficient payment system to ensure prompt funding for auto loans. However, their previous approach—using checks and mostly wire transfers—proved inefficient and challenging. 

How did Sharefax meet this challenge and address its inefficiencies? 

Sharefax adopted Corporate One’s CU Corporate RTP solution. CU Corporate RTP allows Sharefax to send real-time payments (on behalf of their credit union) at a low cost without the requirements of RTP® network participation or certification.  

Since implementing CU Corporate RTP, Sharefax Credit Union has seen remarkable improvements, including: 

  • Cost reduction 
  • Faster payment processing 
  • Increased dealership satisfaction 
  • Improved cash management 

For more details about Sharefax’s success, read the full case study.

Sharefax CU Case Study