DH Corporation (TSX: DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that Corporate One Federal Credit Union, one of the nation's largest and most innovative corporate credit unions, is working with D+H to expand access to real-time payments among its member credit unions.
Using D+H's cloud-based testing environment for U.S. real-time payments, Corporate One is now exploring real-time payment use cases relevant to the credit union marketplace. These include immediate bill-pay, request-to-pay workflows, person-to-person non-commerce payments, and business-to-business just-in-time payments to suppliers, among others. Early testing on D+H's cloud-based testing environment shows that Corporate One can obtain critical insight regarding the operational facets of each real-time payments use case. As a result, real-time payments promise to enhance operational efficiencies and offer the potential to bring new members to credit unions.
"Corporate One is committed to ensuring that credit unions can have the right set of innovative products and services to enhance and solidify their consultative position with their members, and remain competitive in a rapidly changing marketplace," says Keith Riddle, EVP, Enterprise Solutions Development at Corporate One. "As immediate payments gain traction in the United States, 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."
"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," says 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."
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.6 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings.
Corporate One Federal Credit Union is one of the nation's largest and most progressive cooperative corporate credit unions with more than $5.2 billion in assets under management, serving nearly 825 credit unions nationwide. Corporate One offers a full menu of payments, investments and funding services to help credit unions grow their bottom line, manage cash effectively through The One Account, streamline member acquisition, and succeed in the digital payments arena.