MY CU Services, a CUSO of Mid-Atlantic Corporate Federal Credit Union, said it will now offer the ProfitStars 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 division of Jack Henry & Associates Inc. in Monett, Mo.
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.
Drew Kishbaugh, president/CEO at MY CU Services, said, "Credit unions require competitive payment automation solutions at an affordable price. Providing the ACH Manager and OnNet solutions to corporate credit unions can further operational efficiencies and performance throughout the industry."
David Foss, president of ProfitStars, added, "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."