Financial technologies and solutions provider DH Corporation (D+H) just recently announced it is working with Corporate One Federal Credit Union to enable access to real-time payments across member credit unions.
Leveraging D+H’s cloud-testing environment for U.S. real-time payments, Corporate One will work to investigate use cases of real-time payment technology relevant to the credit union marketplace — e.g. real-time bill pay, P2P payments, B2B “just-in-time” payments to suppliers, among others.
“As immediate payments gain traction in the United States,” said Keith Riddle, EVP, Enterprise Solutions Development at Corporate One, “Corporate One is leveraging a set of development strategies, including member innovation feedback sessions, in order to ensure there is a clear understanding of the trends that are driving faster payments technologies, as well as the benefits associated with various use cases for credit unions and their members.”
The two report that early testing suggests, as Corporate One has been able to obtain critical operational insight for each case, that real-time payments across member credit unions will likely enhance efficiency and potentially draw new members to sign on.
“D+H is very pleased to support Corporate One’s continued track record of success and innovation in providing the latest technologies to its credit union members,” said Moti Porath, Head, Product Management, Global Payments Solutions, D+H. “We share Corporate One’s vision that real-time payments will profoundly change the payments landscape in the United States and are excited about the opportunity to help them drive early awareness and evaluate prospects for adoption in the credit union market.