ACHZone

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.

Risk management is a constant, ever-growing concern for most financial institutions. So when it comes to mitigating ACH risk, it all starts with a strong foundational knowledge of the rules and regulations. Here are a few useful tools you can use to stay in the know.