FedNow®
FedNow® is the Federal Reserve’s instant payment platform, designed to provide real-time payments across the country. As your corporate credit union, Millennium Corporate facilitates seamless access to FedNow®, ensuring your credit union can offer secure, real-time payments every day of the year. With our settlement tools and ongoing support, you can deliver faster payment solutions to your members - without the complexity.
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Real-Time Payments - RTP®
Real-Time Payments (RTP®) is a modern payment rail that enables instant, 24/7/365 clearing and settlement of payments. Through Millennium Corporate, credit unions gain direct access to the RTP network, allowing them to offer their members faster, more convenient payment options that keep pace with today's digital expectations.
Credit unions looking to leverage the RTP network can simplify the process by designating Millennium Corporate as their funding agent (only Member credit unions can designate Millennium Corporate as their funding agent). This arrangement eliminates the need for credit unions to maintain a direct settlement account at the FRB, reducing administrative complexity while ensuring seamless access to the RTP network.
Our support, integration guidance, and settlement services make connecting to RTP® simple and efficient, so your credit union can stay ahead of the curve.
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