Catalyst News

To ensure your credit union receives critical communications in the event of a broad system disruption, Catalyst Corporate will perform its semiannual Contingency Communications Exercise on Wednesday, June 10 at 10 a.m. Central Time.

Catalyst Corporate announces its acquisition of Georgia-based Aptys Solutions, the leading provider of real-time processing and electronic payments solutions for correspondent service providers. The addition of Aptys Solutions’ consolidated payments platform for ACH, wires, check and person-to-person payments clearly positions Catalyst Corporate to be the premier provider of end-to-end, multi-channel payments for financial institutions industry wide.

Not only has the COVID-19 pandemic boost consumers’ online purchases and spending in recent weeks, it has also quickly accelerated consumer adoption of digital banking and payment options at a staggering pace.

New rule changes issued by the Consumer Financial Protection Bureau (CFPB) offer good news for credit unions that send – or those that may want to consider sending – international remittances. Effective July 21, 2020, the threshold at which credit unions are required to provide member disclosures when sending international remittances increases from 100 to 500 annually.

Just because Neighborhood Credit Union is the oldest credit union in Dallas, Texas, doesn’t mean its services should be outdated. Creating a seamless digital platform between online and offline activity was the credit union’s goal when they contacted Catalyst Corporate.

Provisions in the recently passed CARES Act, together with authorization from NCUA, enabled Catalyst Corporate to capitalize the CLF through the Agent Subscription Program on behalf of member credit unions with assets under $250 million.

Continue sheltering in place or cautiously begin venturing out? Regardless of which camp your members fall, it’s a safe bet many will be making more online purchases than they did prior to the pandemic. The good news is that through Catalyst Corporate’s BaZing rewards checking program, your credit union can help members save on their purchases, while driving additional engagement with your institution.