Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Kentucky Corporate chooses LT for correspondent services
WICHITA, Kan. (1/19/12)--LT, a third-party service provider to correspondent financial institutions, has entered into an agreement with Kentucky Corporate FCU, Louisville, Ky., to deploy LT's Private Correspondent Gateway for transaction and reporting services for the corporate's member credit unions.

The transition to LT's system will include a full replacement and enhancement to all APEX automated clearinghouse functionality with the addition of international wire transfer services through a real-time interface to Travelex Global Business Payments.

Kentucky Corporate also will use LT's direct connection to the Federal Reserve, allowing automated ACH file delivery of inbound and outbound files.

The entire solution will be secured by LT's biometric multi-factor authentication.

Kentucky Corporate will also provide member credit unions with their own branded LT cash management systems to business members (select-employee groups) through the partnership with LT. Credit unions will be able to provide their business members with cost-effective ACH services that will integrate into Kentucky Corporate's Private Correspondent Gateway for processing, said LT.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
13 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
13 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
16 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
17 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
18 hours ago