Service Updates

Catalyst Strategic Solutions’ Secondary Capital Program can provide a means of raising external capital through Secondary Capital or Subordinated Debt.

Pending NCUA approval of a credit union's plan, Low-Income-Designated (LID) credit unions have regulatory authority to issue Secondary Capital or Subordinated Debt that is permitted to count toward net worth for a specified period. Once approved, external capital debt notes are issued to lending (investing) credit unions.

Catalyst Strategic Solutions partners with credit unions through every step of the process.

This automated OFAC Screening Service checks incoming wires for matches with the Office of Foreign Asset Control’s Specially Designated Nationals or Blocked Persons (SDN) list. Matches, or “hits,” are reflected in TranZact, where credit unions can review and decision those wires. Wire decisions, once made, are logged with the wire in TranZact, where they may be easily viewed by authorized credit union employees.

The new OFAC Screening Service for Incoming Wires complements Catalyst Corporate’s existing OFAC Screening Service for Outgoing Wires to provide credit unions a complete solution for OFAC regulatory compliance.

Catalyst Corporate's person-to-person (P2P) mobile payment solution – called PayMōli – provides credit union members with a secure way to make payments to anyone they know, at any time, through your credit union. With PayMōli, it’s simple to send money using an iOS or Android mobile device – and for your credit union to keep members’ money protected in their existing account. PayMōli is currently processed through ACH (with debit rails coming soon), so there are no new operational steps to process the payments. Plus, with Catalyst Corporate offering the solution, there are no credit union installations; members simply download the iOS or Android app from the app store.

Catalyst Corporate launched a new ACH platform, called ACHOne, made possible by its acquisition of Aptys Solutions, a leading provider of electronic payment solutions. Aptys Solutions operates as a standalone subsidiary of Catalyst Corporate and serves 4,000 financial institutions nationwide.

The robust ACHOne platform delivers:

• ACH origination, receipt and returns
• Risk monitoring
• Effective-date monitoring
• Auto approve/release
• Warehouse transactions
• Automated FTP transfers for ACH origination, receipt, and returns
• Expanded online archive

There is no software to install and maintain. A single sign-on through the TranZact™ portal streamlines access to ACHOne for credit union staff.

Catalyst Corporate’s Loan Participation Exchange, or LPX, is a dynamic, secure, intuitive platform that brings buyers and sellers together for an end-to-end solution. Loan pools are packaged and marketed to a nationwide network of credit unions. The platform is hosted by experienced professionals at Catalyst Corporate who have placed billions in loan pools – all within the credit union system.

A transparent process enables buyers and sellers to execute transactions with confidence. Buyers get a straightforward, complete package to evaluate the composition of each loan pool. Sellers get visibility into the portfolio construction process, loan loss forecasts, and pricing estimates, to ensure their understanding of the deal.

If needed, assistance is available at any step of the process – from packaging and pricing loan pools, finding buyers, and settling payments to managing remittances and monitoring performance.