Corporate Network eCom, the e-financial services subsidiary of US Central Credit Union, is migrating 53,000 bill payment users from more than 50 member firms to Online Resources' Quotien platform.
Corporate Network eCom provides e-commerce services to credit unions representing two million members and 1.2 million share-draft accounts. Collectively, these credit unions currently process approximately 415,000 bill payment transactions per month.
Online Resources says the conversion will result in an approximate 25 per cent increase in payments it processes.
Robert Amundson, Corporate Network eCom's COO and US Central's senior vice president, correspondent services, comments: "Online Resources is the right choice for the rapidly growing base of credit unions who use our Internet bill payment solutions."
Implementation of Online Resources' bill payment platform began in January 2003 and the conversion is expected to be completed by mid-June.