GREENSBORO, N.C. (1/28/13)--First Carolina Corporate CU in Greensboro, N.C., has partnered with LendingTools.com, or LT, a technology provider to correspondent financial institutions, to deploy LT's Correspondent Gateway to member credit unions.
First Carolina chose LT to provide a user friendly solution to meet its member credit unions' automated clearing house (ACH) origination, management and processing needs. Gateway incorporates all ACH functions including transaction origination, reporting and settlement in a single sign-on environment. The solution will be secured by LT's biometric multi-factor authentication system.
"We were looking for a vendor who had an all-inclusive ACH solution that would make our members' operational experience more efficient and better all around," said Sharon Gerald, manager of ACH services at the corporate.
First Carolina's member credit unions also can provide their own branded cash-management services to business members. This allows member credit unions to deploy ACH services that will integrate into First Carolina's iCAPS system for end-to-end processing, said First Carolina.