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Corporate America Credit Union To Serve As RTP Funding Agent

PYMNTS

The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release. By becoming a funding agent, CACU is now a partner that can make that process easier.”.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

As she noted, “We're also starting to see greater popularity in [the] use of funding agents,” which are financial institution participants that help RTP participants manage their funding requirements. To me, the bottom line is the more volume, the better the pricing for all participants in the industry,” she said.

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Speed Finds Opportunity In B2B Payments Beyond Accounts Payable

PYMNTS

State-chartered financial institution Bankers’ Bank , which focused on providing correspondent banking solutions to community banks, recently announced it would become a funding agent for institutions that want to offer real-time payments via The Clearing House ’s RTP service.

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