Alloya Corporate Federal CU taps Aptys for faster payments
Aptys Solutions, the leading provider of cloud-based, end-to-end, digital payment solutions to over 4,500 financial institutions including faster payments, mobile P2P, wire, ACH, and inclearing, announced today that Alloya Corporate Federal Credit Union, one of the nation's largest corporate credit unions serving over 1,400 credit unions, successfully converted to its unified payments platform, PayLOGICS, and is now live for Automated Clearing House (ACH) origination and processing services for its member credit unions as the kickstart of a multiphase faster and digital payments enhancement project.
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PayLOGICS’ ACH suite includes powerful end-to-end solutions for originating and receiving ACH transactions, automated anomaly detection, risk management, ACH receipt warehouse and Active Archive which will provide Alloya’s member credit unions with access to transactional data for querying and deriving returns, reversals, and reporting. Aptys’ PayLOGICS delivers the highest standards of availability, resiliency, and industry-leading security.
“The conversion to PayLOGICS served as a major milestone to achieving faster payments while offering solutions that allow our member credit unions to differentiate their services,” said Todd Adams, CEO of Alloya Corporate Federal Credit Union. “We are confident our member credit unions will appreciate the robust risk mitigation tools and intuitive user experience that PayLOGICS offers, along with additional features like the sophisticated onscreen and on-demand reconciliation and online access to transaction history. This was by far one of the best conversions I have been involved with and we are excited about our partnership and the future working with Aptys.”
“We understand credit unions need to quickly deliver payments innovation without agonizing over how to update their siloed, legacy systems,” said Naseer Nasim, CEO of Aptys Solutions. “We are excited about partnering with Alloya to help financial institutions quickly deliver faster, modern, unified, flexible, and scalable digital payments that their members expect. We welcome Alloya and its member credit unions to Aptys.”