NEW YORK -- Southwest Corporate Federal Credit Union is now connected to the SVPCO Image Payments Network.
The $14 billion Texas-based corporate is using a secure FTP (file transfer protocol) link to send and receive bulk files of images on a peer-to-peer basis with the network, which includes many of the nation's largest financial institutions among its 10,000 endpoints, which also includes relationships with the Federal Reserve and Endpoint Exchange.
"SVPCO's image exchange network will help improve the efficiency of check processing with the more than 1,500 credit unions who work with us," said Brad Ganey, director of item processing services at Southwest Corporate in Plano.
SVPCO is the paper and electronic exchange business of The Clearing House Payments Company.
Plano-based Southwest Corporate also recently added business capture services to its branch and teller image capture offerings.