Case Study: Veridian Credit Union achieves real-time payments and faster loan posting with Alacriti

Veridian Credit Union Among the First To Connect to the FedNow® Service

Veridian Credit Union, a member-owned financial cooperative, sought to offer its members and business clients a modern, real-time payment posting experience for loans and other transactions. To achieve this, they partnered with Alacriti to implement its Orbipay EBPP for loan payments and the Orbipay Payments Hub to connect to various payment rails.

By utilizing Alacriti's unified platform, Veridian gained a single hub for multiple payment channels, including connections to both the RTP network and the FedNow Service, making them one of the first credit unions on the latter. The solution provided real-time posting for members, eliminated the need for file transfers, and offered comprehensive analytics. Alacriti's responsive support and ability to make customizations were key benefits, positioning Veridian as an innovative institution and paving the way for future expansion of payment services on the platform.

Veridian Credit Union

Colin Eagan

Real-Time Payment Administrator