Jack Henry & Associates Inc. said it has partnered with a CUSO of Mid-Atlantic Corporate Federal Credit Union to offer ACH and payments management solutions to the corporate’s 800 credit union members and other corporates.
MY CU Services will offer the ACH Manager and OnNet solutions from the Monett, Mo., company’s ProfitStars division, the companies said.
ACH Manager is a hosted solution for processing outgoing and incoming ACH files. OnNet provides configurable online processes for managing payments, settlement, respondent-to-respondent clearing, electronic data workflow and communications between correspondent organizations, the Federal Reserve and other end points, Jack Henry said.
“Providing the ACH Manager and OnNet solutions to corporate credit unions can further operational efficiencies and performance throughout the industry,” said Drew Kishbaugh, president and CEO at MY CU Services in Middletown, Pa.
David Foss, president of ProfitStars, said, “MY CU Services is bringing ProfitStars’ payment solutions to the market forefront, supporting corporate credit unions with strong, reliable technologies to impact their growth and stability.”