MY CU SERVICES' ELECTRONIC BILL PAYMENT (EBP)
Online bill payment is growing at breakneck speed. Due to the significant increase in the requests for online bill pay, financial institutions are making it a top priority in order to remain competitive. Bill pay offers a lucrative opportunity for credit unions, since consumers trust their financial institution over any other source for online bill payment.
MY CU Services, a CUSO providing electronic bill pay services to over 500 credit unions nationwide, provides many features with their bill pay service including:
- System Independent – My CU Service s’ Electronic Bill Payment (EBP) service can stand-alone or be easily integrated with your Image Connect Home Banking product or any other provider’s home banking product.
- Flexibility – All of the components needed to customize your EBP service are available with no requirements to purchase expensive package deals. This guarantees a solution uniquely suited to your credit union.
- In-House Processing – MY CU Service s processes all payments in-house, including all of your paper items. They are a one-stop shop for all your processing and research needs.
- Electronic Remittance – MY CU Service s functions as a dual processor for the remittance of EBP payments. The CUSO can and will make payments electronically when possible. When necessary, MY CU Service s is capable of remitting paper items as well. Regardless of the remittance method, the process is transparent to the bill payer.
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