The Future of Payment Processing for Credit Unions

Step into the future of credit union payment processing!

It wouldn’t be an understatement to say that the landscape of credit unions has shifted drastically since the COVID-19 epidemic first occurred. Many businesses have failed to grasp the significance of their situation and, as a result, were forced to close their doors.

It seems that with this radical shift, business owners are looking to more digital/virtual solutions to help their members bridge the gap between safety and convenience. That’s where BillingTree’s Payrazr solution comes in.

Why Credit Unions Should Consider Payrazr

Credit Union Payment Processing: Mobile Optimization

When it comes to making things convenient, there’s nothing simpler than using your smartphone to get things done. Using either SMS payments or Interactive Voice Response systems (IVR)you can accept payments 24/7 and make the process as simple as sending a text to your members.

Payrazr IVR reduces the strain on your staff by automating phone payments, freeing their time, and saving you money.

Our 2-Way Text Pay (SMS Payments) allows you to send reminders of upcoming payments and gives them the power to pay bills with a single response. Not only is this convenient, but it also helps increase your on-time payment rate by a significant degree.

Credit Union Payment Processing:: Remote Banking 

You’ll find that fewer and fewer people are willing to come to your physical location. If you don’t want to lose those members, you need to provide a comprehensive banking experience via an online portal. Billingtree’s Payrazr solution is the perfect tool to integrate with your business, allowing members to login and manage their payments online.

Credit Union Payment Processing: Interface and Integration

One of the things that set us apart is our ability to integrate with your system to provide payment processing for digital kiosks and virtual teller machines.

This technology is going to be a huge step forward as we progress into a post-COVID world. We see the landscape continue to advance toward more digital solutions. That being said, you don’t want to be left behind when this shift becomes the new standard.

Takeaways

While businesses have seen major devastation since the epidemic took place, they’ve also seen a path toward safer and more efficient tools to keep their businesses viable.

By taking advantage of our credit union payment processing tools, you can give your members a more satisfying and convenient experience than ever. Learn more today by contacting us or request a demo below to see just what we can do to help your business grow.