Q2ebanking (Q2), a provider of premier electronic banking solutions for credit unions and banks throughout the U.S., announced today that Rhode Island-based Pawtucket Credit Union selected its highly secure suite of electronic banking solutions to improve the level of service it provides retail and business members.
Pawtucket Credit Union selected Q2ebanking for the breadth of its innovative features, solution flexibility and the security of its multichannel platform. Q2ebanking's native, out-of-band multi-factor authentication (MFA) and transaction authorization provide perimeter and transaction level security that is only made stronger by Q2's Risk and Fraud Analytics (RFA) solution, which alerts the credit union about potentially fraudulent behavior in real time.
The credit union will also implement bill pay solutions from iPay Technologies™. This includes both the Consumer Online Bill Pay Platform, with integrated person-to-person (P2P) payments, expedited payments and end user support, along with Biz 2.0, a leading small business payments product with a full suite of electronic transaction services that are essential to small businesses' day-to-day operations.
"We performed thorough due diligence and analyzed several leading vendors when it was time to renew our ebanking selection, and Q2ebanking came out as the clear front runner," said Tim Jermain, senior vice president of business development and technology at Pawtucket Credit Union. "The company's single platform and combination of retail and business ebanking functionality made it a great fit for our members. Additionally, Q2ebanking's open integration with the third-party providers and the platform's overall innovative functionality was very important to us."
Q2ebanking's unified electronic banking solutions are designed to give community-focused financial institutions a distinct competitive advantage by enabling users to easily perform secure transactions at any time and from any location. The platform's on-demand functionality and customized features provide the credit union members a consistent user experience across its online and mobile channels.
"Pawtucket Credit Union prides itself on providing members with a smarter way to bank, and Q2ebanking's single platform of ebanking services, combined with added efficiencies and security, is ideally that," said Matt Flake, CEO and president of Q2ebanking. "Our platform enables financial institutions like Pawtucket to thrive in even the most competitive