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Online Resources Corp. of Chantilly, Va., said it has signed the $2 billion Northwest Federal Credit Union in Herndon, Va., to a multi-year agreement for online banking and bill pay solutions.
Credit unions definitely don’t want to spam their members, and they don’t want them to feel like they’re being sold something they don’t need.
Online Resources Corp. will be offering its direct billing customers, including utilities and financial services, a small-dollar loan service as a consumer option.
Biller direct payment adoption continues to grow while competition heats up among vendors of the multi-channel option.
Online Resources Corp. and a Montana CUSO have entered into a re-seller agreement and plan to convert 11 credit unions this year to the Virginia company’s online banking and bill pay platform.