ACHZone

Naseer Nasim, a well-known and well-regarded fintech executive has been named president and CEO of Aptys Solutions, which is owned by Catalyst Corporate Federal Credit Union and a consortium of other corporate credit unions.

According to Nacha, ACH Network growth reached a record high in 2020 – a total of 26.8 billion ACH transactions, an 8.2 percent increase over 2019. Catalyst Corporate was among the contributing institutions, with almost a 7.5 percent increase from 2019 to 2020.

Catalyst Corporate recently finished the successful transition of 600 credit unions to its robust new ACH platform – ACHOne. With migration to this platform, users received free, three-month trial access to five of ACHOne’s optional service modules. The trial period for these optional services ends December 31, 2020, so credit unions are encouraged to explore these options if they haven't already.

Over the last six months, Catalyst Corporate – along with hundreds of credit unions – participated in the roll out of this innovative, new ACH platform. The journey to ACH innovation is complete, as 600 member credit unions have transitioned to ACHOne.

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.