... to Deliver Elevated Faster Payment Services to Credit Unions
Wichita, Kan. — (May 2, 2023) — Juniper Payments, the largest cloud-based non-bank third-party provider of inter-bank transaction and reporting systems in the U.S., is pleased to announce its partnership with Millennium Corporate Credit Union (Millennium CCU) to offer an innovative, integrated payments solution to credit unions across the country.
Based in Wichita, Kansas, Millennium CCU was founded in 1951 with a focus on providing credit unions throughout the state with a cooperative correspondent ally in the financial services industry. Today, Millennium CCU partners with credit unions nationwide, all while remaining committed to bettering the financial well-being of credit union members’ lives.
Through this collaboration, Juniper Payments and Millennium CCU will deliver integrated transaction, reporting and settlement services to Millennium CCU member credit unions. Named coreCONNECT by Millennium CCU, the solution is designed and built specifically to facilitate end-to-end payments processing and is poised to take a position as the leading solution for Millennium CU’s correspondent financial institutions.
“We are pleased to expand our relationship with Juniper Payments as we’ve witnessed firsthand their industry commitment to providing innovative solutions for correspondent financial institutions,” said Larry Eisenhauer, president and CEO, Millennium Corporate Credit Union. “We’ve been working with both Juniper Payments and the Federal Reserve for years to ensure our member credit unions have access to innovative technology that is simple and intuitive. Participating in FedNow positions our member credit unions for success by bringing instant payments to market to meet member demand.”
coreCONNECT will also include access to the JuniFunds Payments Hub (JuniFunds) from Juniper Payments, a true value-add to Millennium CCU’s robust offerings and its service-centric culture. JuniFunds introduces origination options and delivery of the newest payment rail, FedNow Services℠ (FedNow), which will be offered by the Federal Reserve Bank beginning July 2023. This technology operates 24/7/365, enabling financial institutions of all sizes to offer their membership the ability to send and receive money immediately, providing receivers instant access to funds. The addition of FedNow enables the fastest form of payments between financial institutions, consumers, businesses and government entities with nearly unlimited use cases.
"Juniper Payments has a longstanding relationship with Millennium Corporate Credit Union, and this partnership represents a major step forward in our mission to provide innovative, integrated payments solutions to financial institutions of all sizes,” said Jon Budd, CEO, Juniper Payments. “With coreCONNECT by Millennium CCU and JuniFunds, credit unions will have the ability to easily transition from a batch-based environment to a modern, automated payment ecosystem that saves time and enhances member relationships.”
For more information, visit junifunds.com.
About Juniper Payments
Juniper Payments, a PSCU company headquartered in Wichita, Kansas, delivers payment solutions through correspondent and direct relationships with banks and credit unions throughout the U.S. Our modular solutions are utilized by more than 3,000 financial institutions daily, enabling payment initiation and receipt across all payment rails. Juniper's technology interfaces with core processors and the Federal Reserve, providing streamlined, real-time payments. From traditional payment channels such as ACH, cash letter and wires, to faster rails such as RTP and soon FedNow payment options, Juniper focuses on technology delivery so our customers can focus on their business. Visit JuniperPayments.com for more information.
About Millennium Corporate Credit Union
Millennium Corporate Credit Union is a business-to-business wholesale credit union providing financial services to credit unions throughout the Midwest. We've been in the business of serving our credit union members for over 70 years and now work with close to 300 credit unions, primarily in Kansas, Missouri, Montana, and Nebraska, from three locations, with the home office in Wichita, Kansas.
About PSCU
PSCU, the nation’s premier payments CUSO and an integrated financial technology solutions provider, supports the success of more than 2,400 financial institutions and processes nearly 7.7 billion transactions annually. Committed to service excellence and focused on continuous innovation, PSCU’s payment processing, fraud and risk management, data and analytics, digital banking, strategic consulting and real-time payments platforms, along with 24/7/365-member support via its contact centers, help deliver personalized, connected experiences. The origin of PSCU’s model is collaboration and scale, and the company has leveraged its influence on behalf of credit unions and their members for more than 45 years. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands. For more information, visit pscu.com.