CU Corporate Payments on the RTP® network
CU Corporate RTP facilitates real-time payments at a low cost without the requirements of RTP network participation or certification and technical resources. Accessed through our unified payments platform for ACH and domestic wires, it’s an accessible entryway to learn about, gain confidence with and experience immediate payments for your credit union while realizing immediate payments’ benefits. Enhance your current business operations and drive new ways of doing business with your vendors and business partners while streamlining record keeping and reconciliation with rich payment messaging accompanying each payment. CU Corporate RTP increases the strength of your cash management because of the speed and finality of real-time payments.
Benefits
Facilitate real-time payments at a low cost without the requirements of RTP network participation/certification and technical resources.
Easy entryway to learn about, gain confidence with and experience immediate payments for your credit union while realizing the benefits immediate payments offer.
Enhance current business operations and drive new ways of doing business with your vendors and business partners.
Streamline record keeping and reconciliation for your credit union and its business partners with rich payment messaging/information that accompanies each payment.
Boost the strength of your cash management thanks to the speed and finality of real-time payments.
Learn about the RTP network and gain confidence with it.
Easily modernize your payment capabilities by participating in the country’s newest payment rail in over 40 years.
Features
Send and receive individual payments immediately (as opposed to batch).
Input payment information with the simple, wizard-style interface.
Initial verification steps confirm sufficient funds and that the receiving institution is an RTP network participant.
Ability to seamlessly switch from RTP to a domestic wire if the payor institution is not an RTP participant.
Get payment risk mitigation, including dual authentication and OFAC checks, on all transactions (standard features).
Receive immediate and data-rich payment message confirmations.
Instantly see the entry in your credit union’s One Account along with instant balance updates.
Receive data-rich reports to analyze.
Manage user permissions and limits in our online user management hub, MyCorp1 Manager.
