GREENSBORO, N.C. First Carolina Corporate CU has signed with LendingTools.com to deploy the company’s Correspondent Gateway, providing member credit unions with ACH origination, management and processing services.
Correspondent Gateway incorporates all ACH functions, including transaction origination, reporting and settlement in a single-sign on environment as an enhanced alternative to other systems, LendingTools said. The solution will be secured by the company’s advanced biometric multi-factor authentication system.
First Carolina said its member credit unions also will have the opportunity to provide their own branded cash management services to business members. This allows member credit unions to easily deploy ACH services that will seamlessly integrate into First Carolina’s iCAPS system for end-to-end processing, the two parties said.
Several other corporates, including Missouri Corporate CU, VolCorp CU and Kansas Corporate CU, have signed correspondent services deals with LendingTools.com.