Aptys Solutions, an established provider of cloud-powered end-to-end virtual payment services to more than 4,500 financial institutions (including faster payments, mobile P2P, wire transfer, ACH and clearing), reveals that Alloya Corporate Federal Credit Union, a large corporate credit union serving more than 1,400 credit unions, has converted to its unified payments platform, PayLOGICS,
The PayLOGICS platform is currently online for Automated Clearing House (ACH) origination and processing solutions for its member credit unions as the kick-off for a streamlined, fully digital payments improvement initiative.
The PayLOGICS ACH suite comes with robust end-to-end solutions for ACH transfer origin and receipt, automated anomaly detection, risk management, ACH receiving warehouse and Active Archive that will provide co-ops Credit Alloya members have access to transactional data to query and obtain returns, reversals and reports.
Aptys PayLOGICS maintains the highest standards of availability, resiliency and security
Todd adams, CEO of Alloya Corporate Federal Credit Union, said:
“The conversion to PayLOGICS was an important step in achieving faster payments while providing solutions that allow our member credit unions to differentiate their services. We are confident that our member credit unions will appreciate the robust risk mitigation tools and intuitive user experience that PayLOGICS offers, as well as additional features such as sophisticated on-screen and on-demand reconciliation and online access to transaction history. This was by far one of the best conversions I have been involved in and we are excited about our partnership and the future of our collaboration with Aptys.
Naseer Nasim, CEO of Aptys Solutions, said:
“We understand that credit unions need to deliver payments innovations quickly without having to worry about how to update their siled legacy systems. We’re excited to partner with Alloya to help financial institutions quickly deliver the faster, modern, unified, flexible and scalable digital payments their members have come to expect. We welcome Alloya and its member credit unions to Aptys.