New federal regulations for international remittances
take effect October 28, 2013. Find out more here.
Catalyst provides credit union members with fast, convenient domestic and international wire transfers.
Most wire requests from member credit unions are submitted through TranZact with the use of a wire personal identification number (PIN) for authentication. Security features for TranZact-originated wire requests include: defining the maximum wire amount a user can request; establishing when a second user verification is required; and authorizing system access through the use of a token.
Wire requests may also be submitted to Catalyst by telephone – with users authenticating their identity through a unique wire PIN.
Catalyst can process U.S. dollar international wire requests, as well as foreign exchange (FX) wire requests. Wires are entered through a secure Internet connection, with a swift-code check (not initially available through TranZact) and an OFAC filter built into the system (the OFAC filter applies to domestic and international wire transfers).
To put this service to work for your credit union, email an account executive at firstname.lastname@example.org or call 800.442.5763.