CU Connection To SVPCO Check Exchange

Credit Union Journal, The, July, 2007 by Ed Roberts, Washington Bureau Chief

Members United Corporate FCU, the corporate giant created by last year's merger of two corporate credit unions, last week became the first credit union to connect with SVPCO, the fledgling electronic check and image exchange.The addition of the $14-billion corporate represents the onset of the second-step marketing of the national exchange, following the earlier connections to the nation's largest banks, most of whom are part-owners of the network, according to Susan Goold, director of products and services at SVPCO. "We're looking at the next level of aggregators," said Goold, adding that other corporates are in their sites. "We're talking to a number of corporates. Hopefully, this won't be the last."

Several corporates have already connected to the national check and...

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