ACHZone

The countdown is on, with just a month to go before hundreds of credit unions participate in the rollout of a new, highly-efficient ACH platform. The transition of 600 member credit unions is progressing well through the current training and testing phase – with the launch of Catalyst Corporate’s ACHOne scheduled for late September.

Alloya Corporate Federal Credit Union, Catalyst Corporate Federal Credit Union and Vizo Financial Corporate Credit Union have united as joint owners of the payments fintech Aptys Solutions, LLC to provide state-of-the-art payment services.

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.

Catalyst Corporate Federal Credit Union has announced that it will begin a six-month transition to a new, intuitive platform for its Automated Clearinghouse (ACH) Services – one that will allow credit unions access to added functionality and convenience.

The ACH Network had another remarkable year in 2019, as transactions continued to rise both in volume and in value. According to Nacha, there were 24.7 billion payments on the ACH Network, an increase of 7.7 percent over 2018. The value of those payments totaled $55.8 trillion, a nearly nine percent increase from 2018.