Service Updates

Catalyst Corporate actively gathers member credit union feedback about its service offerings. Enhancements and new services blossom from this feedback to meet member needs. For a review of recent service additions and enhancements, see below:

  • Funding Agent Service for The Clearing House RTP Network

    November 2021

    Catalyst Corporate has become a Funding Agent for credit unions looking to provide real-time payments capabilities to their members on the RTP® network developed by The Clearing House (TCH).

    As a Funding Agent, Catalyst Corporate will fund and manage positions in the RTP network’s joint Federal Reserve bank account on behalf of its member credit unions. Catalyst Corporate will facilitate settlement and 24/7/365 liquidity management of members’ RTP network participation, which might be burdensome for credit unions to administer on their own.

    Becoming a Funding Agent is a critical step in Catalyst Corporate’s effort to build a 24/7/365 liquidity management solution for RTP transactions.

    The RTP network is the first new core payments infrastructure to be built in the U.S. in more than 40 years. The system is the first to deliver 24/7 clearing and interbank settlement, including the real-time movement of money and enriched data between participating financial institutions.

  • Advanced Fraud Solutions TrueChecks Fraud Detection

    July 2021

    Advanced Fraud Solutions’ TrueChecks® fraud detection service is designed to catch fraudulent checks at the point of presentment. TrueChecks’ comprehensive database contains account level information from thousands of financial institutions and more than 10 years of account-level, historical check fraud data from customers, processors and third-party sources.

    TrueChecks can provide credit unions useable data within one second of deposit. Once an item is matched against the TrueChecks database, tellers receive real-time results on duplicates, counterfeits, non-sufficient funds and closed accounts, among other types of fraud alerts. TrueChecks provides tellers with simple Accept (Green), Hold (Yellow) or Deny (Red) responses to help communicate potential risk.

    TrueChecks is available with Catalyst Corporate’s TranzCapture suite of deposit services, as well as ImageClear deposit services, where it performs real-time check verification across deposit channels. Real-time verification is also available via direct access to the Advanced Fraud Solutions portal.

 

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