We’re delighted to announce that Corporate One connected 48 credit unions to the RTP® network and six credit unions to FedNow® Service via our Third-Party Service Provider (TPSP) solution last year.
"This year has been a testament to the growing importance of immediate payments for credit unions," President and CEO Melissa Ashley said. “The increasing adoption by credit unions highlights immediate payments' vital role in delivering value to their members. The next step is empowering credit unions to send immediate payments and leverage requests for payment functionality.”
Looking ahead, Corporate One has more than 35 credit unions in the queue to go live on the RTP network or FedNow Service in the first quarter of this year. We're also evolving our focus to empowering credit unions beyond receive-only capabilities to actively sending payments in 2025.
A Decade of Leadership in Immediate Payments
Corporate One has been a driving force in the U.S. immediate payments landscape since joining the Federal Reserve Faster Payments Task Force in 2015. As of December 2024, approximately 32 percent of the credit unions connected to the RTP network use Corporate One as their TPSP.
“Our track record includes successfully connecting credit unions of all asset sizes, showcasing our commitment to accessibility and scalability. We’re excited by the success we’ve had helping credit unions take advantage of immediate payments and we’re ready for it to continue,” Ashley said. "Through integrations with multiple core processors, we are accelerating the path to widespread adoption. As a result, our solution is turnkey for more than one-third of credit unions in the U.S. to seamlessly establish connections to RTP and FedNow Service with implementation timelines of less than 45 days.”
What Members Are Saying
Corporate One connected Directions Credit Union in Toledo, Ohio, to the RTP network in 2023 and the FedNow Service in 2024. “Implementing real-time payments was easy because Corporate One established APIs with our core provider and used their relationships with The Clearing House and the Federal Reserve to pave the way for us, which made our credit union’s lift much easier,” Sonja Delaney, chief strategy officer at Directions Credit Union, said. “If I can give one piece of advice to credit unions: If you do one project this year, I think it should be real-time payments because they are vital to the credit union industry.”
Delivering Immediate Payment Access Through TPSP Solutions
As a certified TPSP for the RTP network and Service Provider for the FedNow Service, Corporate One utilizes an open payment platform to connect credit unions to both payment rails, allowing credit unions 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.
“Our TPSP solution empowers credit unions to fully capitalize on immediate payments through accessible integration, scalable growth, and strategic positioning within the real-time payments ecosystem,” said Christine Mayes, EVP and Chief Member Engagement Officer. “This approach enables credit unions to exceed member expectations, future-proof their payment modernization efforts, and remain competitive in today’s dynamic financial environment.”
All of the credit unions that Corporate One has connected to the RTP network and the FedNow Service are announced on the Corporate One LinkedIn page and in the Immediate Payments Insider, our quarterly newsletter about immediate payments.