In a step designed to make it more appealing to credit unions seeking to consolidate their ATM and card processing, Credit Union 24 has announced that it can now bill debit card payments without personal identification numbers.
|Jim Gowan, executive vice president for the credit union owned ATM/EFT network acknowledged that the ability to let ATM and debit cardholders pay bills without using a PIN has been around for a while, but that the Credit Union 24 network had not yet added it.
|"Credit unions can generate increased interchange income by encouraging members to utilize the PIN-less bill payment method, while simultaneously reducing back office expenses of processing check and ACH returns," said Credit Union 24 CEO Jim Park. "Credit Union 24 also offers marketing materials to help credit unions communicate this new service to their members, allowing credit unions to focus on their number one mission: member service. The seamless introduction of this enhancement to our participants is truly a win-win situation for our credit unions and their members."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
