Corporate One Federal Credit Union has inked a contract with global provider of transaction banking services Fundtech.

Under the terms of the deal, Corporate One will acquire Fundtech’s CASHplus and PAYplus-ACH services to deliver the ACH payment system to its 800 members. Thus, Corporate One will replace the APEX-ACH platform delivered by the US Central Federal Credit Union with Fundtech’s ACH payment system.

The transition process has not begun yet, but Corporate One expects it to be completed by June 2012.
Fundtech provides a range of services to banks and corporations including payments and liquidity management, cash management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services as well as credit card gateway products and mobile banking products.

Most recently, Fundtech entered a partnership with Australian payment services developer Dataline to provide electronic invoice presentment and payment (EIPP) and related financial supply chain services to corporate customers in the Asia-Pacific region.