Corporate Services
Corporate Network Cash Concentration & Automated Debit Transfer
This service will be terminated by U.S. Central Bridge Corporate on March 31, 3012. Please read the following for more information.
The Corporate Network Cash Concentration (CNCC) and Automated Debit Transfer (ADT) program provided credit unions with the ability to transfer funds to and from their Catalyst Corporate account using a touch-tone phone.
Credit unions that use CNCC/ADT for moving funds can transition this activity to either wire transfer or ACH origination. Wire transfer provides same-day convenience at a slightly higher cost, while ACH provides the most cost-effective solution.
If your credit union is actively using this method of funds transfer, now is a good time to begin transitioning this service to an alternative solution. Here are some suggestions:
Wire Transfer (same-day settlement)
- For ADT, you may consider establishing a Pre-Authorized Wire set up with Catalyst Corporate, which allows your credit union to utilize TranZact to select the designated pre-authorized wire and send funds out the same day for only $2.25.
- For CNCC, check with your other financial institution(s) to learn what outbound wire options they offer for you to transfer funds from your account there to your Catalyst Corporate account.
ACH Origination (next-day settlement)
- You may originate both credits and debits via ACH origination. If you are already set up for ACH origination, it is easy to begin using this option right away.
- If you are not currently originating ACH, you will need to review your options through your current ACH provider.
Your credit union’s final CNCC/ADT transaction(s) can be submitted via touchtone telephone on March 30, 2012 and will be processed with an April 2, 2012 effective date. Your credit union will have until the end of March to find a replacement solution. In the meantime, please feel free to contact Member Services at 800.442.5763, option 1, if you have additional questions.
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