CSPI Joins the Real-Time Payments Revolution
Jefferson City, MO – Computer Service Professionals, Inc. (CSPI), a fintech provider of core, digital banking, document management, item processing solutions, and managed IT services, announced today, that their first Aurora Advantage CU core client has gone live with The Clearing House RTP® network through a partnership with Corporate America Credit Union. RTP® network is a real-time payments platform that all federally insured U.S. depository institutions are eligible to use for payments innovation, to enhance digital services for both commercial and retail customers.
“CSPI recognizes the need for faster payments, and we know our Credit Union core clients want to be on the leading edge,” stated Rebecca Plunkett, Application Analyst Supervisor for CSPI. This initial implementation will allow members of the credit union to receive qualifying credit transfers that will post to their accounts within seconds, providing more control over cash flow, and quicker access to funds.
The RTP network is strictly “credit push,” meaning that the person making the payment instructs its financial institution to make the payment. Credit push transactions reduce certain types of fraud risk. CSPI will continue to work with our partners and financial institutions on solutions that allow them to enhance the payment experience.
About The Clearing House
The Clearing House operates U.S-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation’s most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. Most recently, The Clearing House has revolutionized U.S. payments infrastructure with the RTP® network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers.
https://www.theclearinghouse.org/payment-systems/rtp
About Corporate America Credit Union
Different Starts Here is our motto – but what exactly does that mean? It means we think differently, act differently and treat our members differently with a common goal – to truly add value to your organization. Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not for-profit financial cooperative governed by a board of directors elected from and by our member-owner credit unions. With nearly 500 credit unions across the nation, we boast a comprehensive list of products and services including investments, liquidity solutions, and correspondent services such as ACH, item processing, and remote deposit capture. Our priority is our members’ future success. Let us pay you a visit – we know a partnership with CACU will be beneficial – (800) 292-6242 or visit www.corpam.org
About CSPI
As a valued software and service provider leading the FinTech industry for 33 years, CSPI continues to focus on the needs of today’s progressive community banks and credit unions to meet the growing demands of account holders by providing core solutions, digital banking, document management, item processing and managed services.
We are core-agnostic and support API-first technology to create real-time integration for our Aurora Advantage Digital Banking product suite. Our dedicated team strives to enhance the user experience, deliver innovative solutions, significantly increase productivity, and provide exceptional service that exceeds your expectations. We believe if our customer succeeds, we succeed.
https://auroradigitalbanking.com
