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.