Central 1 maximizes value and growth for our clients by handling their day-to-day transaction needs. We take ownership of problems and opportunities that arise so you have peace of mind and can focus on operating your core business.
As a member of the Canadian Payments Association (CPA), Central 1 has been recognized as an industry leader when it comes to advancing new payment processes. We participate in the payments and settlement systems as a Group Clearer, under the auspices of Credit Union Central of Canada.
Credit unions, financial institutions, public sector agencies and utilities look toward Central 1 as a leader, and we're relentless in our pursuit of new solutions so that we can be responsive to their changing needs.
Central 1's agile size and flexibility enables us to deliver fully customizable solutions to our 300-plus clients, and we have the capacity to handle a high volume of processing and settlement of payments transactions, from paper-based cheque clearing and remittance processing to electronic bill payments and AFT. For instance, in a typical year, Central 1 processes over 121 million paper clearing items and 263 million electronic clearing items on behalf of our member credit unions and corporate clients.
While many organizations have security in place, Central 1 is the only organization to achieve ISO/IEC 27001 status (Information Security Management System) for payments processing. Obtaining this rigorous standard requires implementing a formal, systematic management process to ensure security controls are put in place, reviewed and updated on an ongoing basis.
Central 1 is a leader in payments processing, with over 25 years of expertise, delivering key services such as cheque clearing and AFT processing. Central 1 offers a continuum of payments processing services so you can pick and choose the solutions you require today, tomorrow, and well into the future. We were first to market with mobile banking, cheque imaging and email-based person-to-person payments.
Central 1 offers a full complement of payment services solutions for credit unions, financial institutions, public sector agencies, utilities and telecommunications and insurance companies. And we're always thinking forward to bring "firsts" to market, like using biometrics to secure web-initiated wire transfers and cheque imaging.
Discover the continuum of payments processing solutions we offer.
AFT facilitates the processing and settlement of pre-authorized debits and direct deposit transactions.read more...
With a biller list in excess of 6,900 billers, Central 1's payment remittance processing service enables financial institutions to facilitate direct bill payments for their customers. This customer-friendly, innovative bill payment solution is closely integrated with MemberDirect® online banking services. Central 1's services can be customized to fit our clients needs.read more...
Central 1 accepts and clears paper-based bill payment remittances on behalf of companies wanting to outsource their paper-based processes either via other financial institutions, a retail lockbox or a dropbox/paystation.read more...
Central 1 facilitates the clearing, settlement and exchange of paper cheque deposits for a range of clients, coast to coast. Our state-of-the-art imaging equipment captures digital images of cheque clearings and deposits.read more...
Utilizing various networks Central 1 can provide settlement services for card transactions at ATMs and point-of-sale (POS) devices.read more...
Central 1 provides foreign currency draft services through a web-based application. This application is used to order and print drafts in-branch. We also have the ability to order Canadian and U.S. bills and coins through Central 1's secure portal. Clients have the flexibility of setting up one-time or standing orders to suit their organization's needs.read more...
MemberDirect Business Services automates the wire transfer process, enabling banks and credit unions to send funds nationally and internationally on behalf of their customers.read more...
Position your institution as a valued partner to the agricultural community, by offering the AgriInvest program. This program is offered by Agriculture and Agri-Foods Canada (AAFC) to help producers protect their margin from small declines.read more...
Central 1 Technology and Payment Services