PSCU Launches Credit Card Online Statement Presentment
ST. PETERSBURG, Fla. - PSCU Financial Services is now offering secured online delivery of credit card statements to members of the CUSO's more than 500 owner credit unions. The PayLynx Statement Source online presentment service uses CheckFree's iSeries software and has been initially launched at 13 credit unions, representing about 475,000 potential cardholders. "Studies have consistently shown that members who receive their credit card statements online are more active and have a higher retention rate than offline cardholders," said David Serlo, president and CEO of PSCU Financial Services. "In addition to added loyalty, delivery of electronic statements drives members to a credit union's Web site, creating additional cross-selling opportunities and boosting profitability for credit unions and satisfaction for members," Serlo said. The service allows cardholders to choose to receive a credit card statement through either a credit union-branded PayLynx or CheckFree direct bill payment site. Enrolled cardholders are notified by e-mail when their online statements are available.