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Two New Partnerships Highlight the Priority of Digital Banking Solutions

"We are constantly looking at ways to improve member service in the digital domain to drive loyalty and retention."

By Heather Nevitt | July 30, 2020 at 04:50 PM
using iPad to open digital banking apps Source: Shutterstock.

While the credit union industry was already focused on ways to make its services more member friendly, more convenient and easier to use, the COVID-19 pandemic has accelerated that prioritization.

Case in point: Two partnerships were announced this week highlighting that desire for better digital banking solutions in the industry. First, Payrailz, a digital payments company, announced that it has entered into a reseller agreement with Tyfone, a provider of digital banking solutions. According to the release, through this partnership, Tyfone will be a reseller of Payrailz’ products and offer the company’s full digital payment services to Tyfone customers, which include a number of credit unions.

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