PALO ALTO, Calif. — Stanford Federal Credit Union is the first credit union to use PayLynx, a small business bill payment platform from PSCU Financial Services.
PayLynx, which is powered by CheckFree, offers an accounts payable function, remittance, authority levels for security and auditing purposes and e-bills, alerts and reminders.
The $800 million Stanford FCU migrated business accounts that were using the consumer PayLynx platform and rolled out the platform to all small business owners on Feb. 1. The installation and conversion went smoothly, said Celeste Auger, product manager, member business services at Stanford FCU.
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PayLynx became available in December.
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