X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SCOTTSDALE, Ariz.- U.S. Central has signed a six-year contract with eFunds for its Automated Clearing House Processing system. The deal is big for eFunds given U.S. Central’s payment processing role in the credit union industry and its expanding ACH business. It processed nearly 90 million transactions for some 2,000 credit unions last year. Terms of the deal were not disclosed, but the companies did note that they started working on this last month and they expect the first transaction to go live towards the end of this year. U.S. Central said the reasons it selected eFunds is its ACH experience, the scalability of ACHPS, and with eFunds’ backoffice role it will not have to add to its infrastructure even if its ACH business continues to grow. -

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.