PSCU, Fiserv Extend Contract
A contract for PSCU Financial Services to use Fiserv Inc.'s CheckFree RXP bill pay service for the CUSO's PayLynx online bill pay platform has been extended by three years.
PSCU cited Fiserv's development of new solutions such as the ZashPay person-to-person option for the extension, which takes the deal through December 2013.
The PayLynx service, now in place at more than 475 credit unions, had accounted for 1.1 million payment subscribers, the company said, and 170 credit unions used the CUSO's services to facilitate marketing campaigns in the past year to drive activation numbers.
"A robust online bill payment platform attracts members and is an influential factor in selecting a primary financial institution," said Mike Yatros, interim CEO at PSCU in St. Petersburg, Fla.