Progress Systems provides an interface Hub to the Clearing Network for our Credit Union clients who wish to use BNP or the CUSOP as their clearing agent. The daily processing of all external Clearing Network transactions is automated and we now have over 30 thirty Credit Unions on each service.
This interface will provide for the automated collection, forwarding and distribution of all standard EFT payment types such as:
- Standing Orders
- Direct Debits (loans repay)
- Credit Transfers (once off)
- Payroll Deduction
- Social Welfare Payments
- Pension Payments
- Utility\Bill Payment for Members
- International Transfer (in\out)
- Mortgage Payments (out)
- EFT Payments (out of Credit Union)
The Hub provides a fast and secure connect for all our Users to the clearing network and is a key component of our complete service to our Credit Union users.
Progress are the largest transaction processor across both BNP and CUSOP networks.