St. Petersburg, FL, Jan. 18, 2011 – PSCU Financial Services signed  an agreement with Fiserv that enables its PayLynx™ online bill payment platform to continue to utilize Fiserv’s CheckFree^® RXP^® to provide bill payment capabilities to member institutions. During 2010, PSCU Financial Services facilitated marketing campaigns with over 170 credit unions to help increase activation. By year-end, the nation’s leading CUSO had 1.1 million bill payment subscribers. 

“A robust online bill payment platform attracts members and is an influential factor in selecting a primary financial institution,” said Mike Yatros, Interim CEO, PSCU Financial Services. “We are pleased with Fiserv’s continuing platform innovations, including its ZashPay SM person-to-person (P2P) payment option that allows members to quickly send or receive money using existing online banking accounts, regardless of the recipient’s financial institution.”

PSCU Financial Services’ PayLynx online bill payment solution is deployed at over 475 financial institutions. PayLynx provides unique platforms for consumer and business bill pay. To learn more, please contact James Guild at 800-443-7728, extension 7892.

About PSCU Financial Services

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 640 member credit unions representing over 14 million accounts and 1 million online bill payment subscribers. Its Contact Centers handle more than 17.4 million inquiries a year.

PSCU Financial Services offers 24/7 member support through four Contact Centers: its Eastern operations center in St. Petersburg, Fla.; a Western operations center based in Phoenix, Ariz.; and two call centers in Detroit, Mich. These Contact Centers perform member servicing and new member acquisition, cross-selling and automated lending solutions as well as support for debit/credit/prepaid cardholders and online bill payment subscribers.

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As a leader in the credit union movement, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit PSCU Financial Services’ website at www.pscufs.com.

Fiserv

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. For more information, visit www.fiserv.com.