University Bank

The University Bank of Michigan is the founding partner of our Fast Payment Processing service. The University Bank created the first ISO-20022-compliant financial network access point. ISO-20022 is the underlying XML document structure for encapsulating payment remittance requests. Our Fast Payment Processing service is able to pair EDI Claim files (Invoices) and CCD documents (Proofs-of-Service) to generate a final ISO-20022 document, and send it on to the financial network for immediate remittance.