In a significant move towards enhancing the digital banking experience for credit unions, Catalyst Corporate Federal Credit Union has joined forces with Constellation Digital Partners to deliver the innovative remote deposit capture solution, TranzCapture, to credit unions utilizing the Constellation Digital Banking platform.
TranzCapture, an offering designed and developed exclusively for credit unions, originated from Catalyst Corporate and is jointly owned by four of the largest corporate credit unions in the United States, operating through a collaborative partnership comprising over 3,500 credit unions. This collaboration represents a substantial 65% of all credit unions across the nation. With its seamless integration into the Constellation platform, TranzCapture equips member credit unions with the capability to provide mobile deposit capture services. This means their members can conveniently deposit checks from their smart devices at any time and from any location. Notably, TranzCapture’s mobile capture feature effortlessly syncs with a financial institution’s backend systems, facilitating proactive fraud detection for all mobile deposits. Furthermore, Catalyst Corporate is extending the TranzCapture integration to allow members to access and view their deposited check images.
Catalyst Corporate Federal Credit Union is dedicated to partnering with credit unions across the country, assisting them in enhancing their success and relevance through innovative solutions spanning payments, investments, liquidity, and balance sheet management. This collaboration is further underlined by Catalyst’s history as one of Constellation’s initial investors, illustrating a long-standing commitment to driving innovation and progress within the financial sector.
“We really liked the idea of a vendor-agnostic application universe where credit unions could go to create their own customized online banking solutions to suit their specific needs,” said Diana Hennel, Chief Technology Officer for Catalyst Corporate. “Friction that sometimes characterizes core integrations can be minimized by using a marketplace like Constellation’s Digital Banking platform, where we provide game-changing solutions directly to our members.”
Through its partnership with Constellation, Catalyst Corporate seeks to expand the reach of its TranzCapture platform to more credit union members.
“Partnering with Constellation offers tremendous value and opportunities for both of our respective client bases,” said Hennel. “As the number of physical checks continues to decline, so too do the updates and features for many other providers in this space. However, Catalyst is committed to ensuring our members always have access to the most up-to-date, best-of-breed check capture capabilities. What’s more, Constellation’s platform will allow us to scale for this quickly and efficiently, supporting our continued expansion and investment to further consolidate check capture across the credit union industry.”
“We are excited to partner with Catalyst Corporate and to help expand the availability of its powerful remote deposit capture solution further throughout the industry,” said Kris Kovacs, Founder and CEO of Constellation. “Our Constellation Digital Banking platform is designed to provide today’s credit unions access to a comprehensive ecosystem of the most cutting-edge technologies, like TranzCapture, to meet the needs of their members, while allowing quick, seamless integrations.”
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