Princeton eCom the leading single source provider of integrated electronic payment and bill presentment solutions for banks and billers, today announced its PayAnyone solution has been selected by Veridian Credit Union and Utah Community Credit Union to deliver its industry-leading low claims rates and to help achieve higher adoption and electronic rates as well.
PayAnyone has proven itself as one of the best-of-breed electronic payment solutions available to the credit union industry," said Ron Averett, President and CEO of Princeton eCom. "The seamless integration, scalability and value PayAnyone offers, combined with its record of success in increasing electronic connectivity and eliminating claims gives credit unions a powerful solution to grow their business."
Utah Community Credit Union (UCCU), located in Provo, Utah chose PayAnyone for its proven performance and the ability of Princeton eCom to enhance electronic rates through its biller directory updates and Real-Time Digital Scanline (RTDS) which validates billing information as the payor enters the data.
"Quality and service for our members are among our most important priorities," said Ken Gibby, CIO, for Utah Community Credit Union. "By utilizing PayAnyone, we can provide members with one of the most effective payment solutions available that adds more convenience and enhances the electronic banking experience for our members."
Veridian Credit Union (formerly John Deere Community Credit Union), located in Waterloo, Iowa is the state's largest credit union and was utilizing a legacy payment processing system which it wanted to replace. Veridian sought a solution that would help it reduce claims, increase electronic adoption rates and improve overall efficiencies without losing control over its data warehouse. After searching, Veridian selected Princeton eCom's PayAnyone for its Real-Time Digital Scanline and performance capabilities which did not require the credit union to turn over control of its data warehouse.
"PayAnyone gives us the ability to expand payment options for our customers while enabling us to lower costs through reduced claims and more efficiency," said Brett Engstrom, Manager of eCommerce, for Veridian Credit Union. "Through Princeton eCom, we found one solution that provides excellent service and support for our customers and ourselves."