See Green with Leading Edge Online Member Services
Small Business Bill Pay
With 67% of small business market paying their bills by paper check means that the market for small business bill payment services is tremendous. Stanford FCU, CA, long recognized as a leading edge financial institution in online consumer financial services, reported that their experience within their member base that small business bill pay users mean business. Specifically, bill pay users have 62% more loans and deposits than non-bill pay users. Stanford FCU relies on PayLynx for its member and business bill pay platform. PayLynx for small business offers varying user authority levels – a requirement for small business clients. And the transition from the consumer platform to the business platform was seamless.
Going Green
The eco-friendly movement is red hot as companies. Promoting online bill payment as a means to help the environment while appealing to the youth market and the environmentally conscious has been a successful campaign for Langley FCU, VA.
Go Green with FREE Online Bill Pay! You’ll Save Money. Together We’ll Save Trees campaign has resonated with members as the credit union witnessed record growth rates and a 75% rate of activation.
Online Banking
PSCU Financial Services announced its intent to provide a fully featured online banking that will help attract and retain members, while enabling credit unions to consolidate relationships and lower overall costs through the cooperative’s tiered relationship pricing structure.
In addition to standard online banking features that include access to account balances, transaction history, account transfers, account alerts and stop payments, PSCU Financial Services’ online banking product will offer:
- Integrated mobile banking
- State-of-the-art online security across all delivery channels with multi-factor authentication at log in
- Integrated small business member services
- Ability to match the ‘look and feel’ with a credit union’s web site;
- Online channel marketing activities using built-in tools.
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