Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Stanford FCU first to deploy small biz PayLynx service
ST. PETERSBURG, Fla. (2/14/08)--Stanford FCU, Palo Alto, Calif., is the first credit union to use PayLynx for Small Business from PSCU Financial Services, the company announced. The credit union migrated business accounts that were using PayLynx and made the platform available to all small-business owners Feb. 1. “Platform installation and account conversions went very smoothly,” said Celeste Auger, Stanford FCU product manager. Stanford FCU has 550 small-business checking accounts, but Auger said she is hoping to build business deposits. The credit union is promoting deposits through e-statements, statement inserts and e-mails. It also launched a quarterly newsletter with financial tips and information about business products. PayLynx, powered by CheckFree, offers accounts payable functionality, authority levels for security and auditing, and e-bills and alerts. PSCU Financial Services has 500,000 PayLynx subscribers. Stanford FCU has more than $800 million in assets.


RSS print
News Now LiveWire
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
2 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
3 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
4 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
22 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
23 hours ago