Service Updates

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.

Made possible by provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and authorized by the NCUA, Catalyst Corporate invested $96 million in the Central Liquidity Facility to provide a critical liquidity source for member credit unions with assets under $250 million. Acting as an agent, Catalyst Corporate positioned itself to assist member credit unions requesting CLF advances by processing required documentation and facilitating the transfer of CLF loan funds and repayment amounts through a credit union’s Catalyst Corporate settlement account.

Catalyst Corporate can now accept ACH origination and return files directly from credit union core processors via FTP for loading into the ACHOne system. A credit union can then log into the system and manually approve the files or have the files delivered automatically to the Federal Reserve without their intervention. Automated uploading of ACH files offers credit unions a convenient alternative to manually uploading files or using templates.

Catalyst Corporate’s Teller Capture service – a component of its TranzCapture suite of deposit services – now fully integrates with Corelation’s core processing system. Tellers can instantly capture, validate, correct and balance deposits at their teller windows, while interacting with members. Scan, edit, balance and print functions are accessed from a single screen.  

Integrated Teller Capture can:

• Identify duplicate items in real time
• Display checks with return risk in real time
• Help with image verification
• Defer exceptions for back-office review
• Provide real-time deposit fraud warnings (optional feature)