WALLINGFORD, Conn. — Constitution Corporate FCU has been certified by the Federal Reserve for the FedReceipt program, making it one of the few corporates able to send, receive and return electronic items through the Fed.
FedReceipt enables Constitution "straight-through" electronic check processing for its members share draft items. Approximately half of the corporate's members are utilizing its branch capture solution, ImageXchange.
Last July, Constitution completed electronic image exchange testing with the Boston Federal Reserve under the FedForward program. In April of this year it completed certification of FedReturn.
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