Plano, TX–Catalyst Corporate Federal Credit Union announces its acquisition of Georgia-based Aptys Solutions, the leading provider of real-time processing and electronic payments solutions for correspondent service providers.
The addition of Aptys Solutions’ consolidated payments platform for ACH, wires, check and person-to-person payments clearly positions Catalyst Corporate to be the premier provider of end-to-end, multi-channel payments for financial institutions industry wide.
“The importance of this transaction cannot be understated,” said Bruce Fox, Chief Executive Officer of Catalyst Corporate. “Technology is rapidly changing how people make payments. Financial institutions need ways to process today’s transactions more efficiently, while also positioning to provide the payments customers will need tomorrow.”
The forward-looking acquisition propels Catalyst Corporate by offering state-of-the-art services to help financial institutions industry-wide, enhancing payment services for customers through an enterprise-level solution that is designed to allow credit unions to reduce costs, automate processes and offer premier payment solutions to their customers.
“Aptys’ innovative product set will enable Catalyst Corporate to continue its development of industry solutions aligned with faster, real-time and instant payment solutions, including mobile, P2P and P2B,” Fox said.
“Having Catalyst Corporate backing Aptys can be a force multiplier for our growth,” said Brian Geisel, president of Aptys Solutions. “The acquisition will energize our product development and open the door to new opportunities in faster payments for our customers that Aptys couldn’t do alone.”
Aptys Solutions will continue to operate as a stand-alone subsidiary of Catalyst Corporate and will continue to provide services to correspondent providers, including corporate credit unions, bankers’ banks and correspondent service providers.
“This is a game changer for the market,” Geisel added. “Financial institutions are looking for partners that have the technology, experience and scale to help them succeed, and this acquisition puts all of the pieces in place for Aptys.”
Aptys Solutions currently provides ACH and other payment services to more than 2,800 financial institutions nationwide. Catalyst Corporate is already in the process of transitioning its nearly 600 ACH client credit unions to the Aptys platform and will leverage Aptys’ technology to provide other enhanced services.