Corporate One Accelerates Move to Real-Time Payments
DH Corporation is moving up the ranks in providing technology solutions to financial institutions on the global scale.
It recently released some news that will have some industry heads intrigued as it has announced that Corporate One Federal Credit Union is working with D + H to accelerate its ability to offer real-time payments to its users.
Corporate One Federal Credit Union is of course a leading innovative credit union and so this makes this announcement all the more substantial. The credit union is leveraging D + H’s cloud-based testing environment to simulate connectivity to TCH real-time payments network. This is the centralized infrastructure for the most recent real-time payments rails in the U.S., in order to assess the benefits that real-time payments can potentially
“Corporate One recognizes the strategic shift faster payments present to credit unions to enable them to remain relevant and competitive financial services providers,” said Lee Butke, Corporate One President/CEO. “Being the first organization to commit to this real-time testing platform aligns with our strategic initiative to fully understanding and enabling real-time payments functionality for our members and credit unions nationwide. We are excited to get started.”
D + H’s testing environment will offer Corporate One the ability to access D +H’s U.S. real-time initiation channels, payment hub solution, and open API layer to seamlessly simulate the clearing of payments via the TCH network.
“Corporate One is eager to gain access to this testing platform, which will enable us to mimic the ability to send and receive payments real time in a variety of use cases for business-to-business, person–to-person, person-to-business and vice versa,” says Keith Riddle, EVP, Enterprise Solutions Development at Corporate One. “We intend to collaboratively engage with a diverse group of credit unions over the next three months to test in D+H’s cloud-based sandbox environment and secure credit union-based feedback on vetted test use cases to determine what our offerings may be once real-time capabilities arrive in the United States later this year.”
“Corporate One is demonstrating a commitment to its members and to the future of payments by beginning its journey to real-time payments now,” says Moti Porath, Head, Product Management, Global Payments Solutions, D+H. “D+H is excited to leverage our vast experience with real-time payments around the world and to be the first payment technology vendor to provide U.S. financial institutions with quick, easy and low-risk access to a cloud-based test environment for real-time payments.”