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The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient paymenttools.
To aid residents more effectively, FEMA uses several different paymenttools, including electronicfundtransfers (EFTs) and direct deposits to a recipient’s debit card.
These three concepts drive CULedger’s roadmap, with the latest initiative being its CUPay solution, designed to work with existing infrastructure and streamline payments between credit unions. The CUPay solution will initially support EFTs — which include ACH transfers and wires — between credit unions.
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