Settlement and Cash Management

Simplifying the 24/7/365 cash management and settlement of immediate payment transactions 

Using Corporate One as your partner is an easy and smart way to outsource the comprehensive management of around-the-clock settlement and funding requirements associated with immediate payments. We can support credit unions participating on either immediate payments rail, the RTP® network and/or the FedNow® Service, with solutions that help alleviate the monitoring of transactions and funding positions that could be overly burdensome for credit unions to do on their own.

Related Content

 

Funding Agent Service for the RTP® network

Our Funding Agent Service sets up credit unions for success in the rapidly expanding payments landscape by supporting entry into The Clearing House’s RTP network. As your funding agent partner on the network, we will facilitate the settlement and 24/7/365 liquidity management of your RTP network participation, which could be overly burdensome for you to administer on your own. Corporate One’s funding agent services are complimentary for receive-only participants on the RTP network. We encourage establishing a funding-agent relationship at the beginning of your real-time payments journey to keep your future transition to becoming a send/receive participant that much easier.

  • Simplified cash management/settlement

  • Consolidated access to reports

  • Easier reconciliation

  • Lower pre-funded requirement

  • Comprehensive 24/7/365 facilitation and management

When a credit union joins the RTP network and designates Corporate One as their funding agent, Corporate One will:

  • Comprehensively manage RTP network funding and liquidity for members

  • Provide required, pre-funded balances on the credit union’s behalf

  • Monitor and manage balances, including reacting to position alerts on a 24/7/365 basis to ensure transactions go through as requested

  • Credit or debit the credit union’s One Account (settlement account) at Corporate One each day, depending on the net amount of all RTP transactions the previous day

  • Provide daily reconciliation reports

 

Settlement Service for FedNow® Service

The FedNow Service will use a correspondent model similar to that of FedACH® Services. This means that the FedNow Service will clear transactions directly between the Sender FI and the Receiver FI and settlement can take place in the designated master account. Credit unions can designate their instant payments to settle into Corporate One’s master account and details will reflect in the members’ One Account for comprehensive settlement activity. As a FedNow Service pilot participant, Corporate One is already set up as a settlement provider and will be able to support credit union settlement needs when FedNow launches.

  • Simplified cash management/settlement in your One Account

  • Consolidated access to reports

  • Easier reconciliation

  • Comprehensive 24/7/365 facilitation and management

Explore the next steps in your immediate payments journey by scheduling a discovery meeting today.