100 years old but tech savvy

100 years old but tech savvy

Municipal Credit Union (MCU), a $2.5 billion credit union in New York, is implementing a new digital payments platform supplied by Payveris.

The vendor says its offering was selected “for its complete line of services including consumer bill pay, business bill pay, external or account-to-account transfers, P2P and digital commerce”.

Michael Mattone, VP of public relations and corporate communications at MCU, concurs: “We found the Payveris to be the most comprehensive payments solution on the market.”

The solution is cloud-based and has open APIs.

The payments platform will be implemented as a white-label solution, integrated with the credit union’s Episys core banking system, supplied by Jack Henry’s Symitar division, and digital banking platform from Wescom Resources Group.

MCU was set up in 1916. It offers a full range of financial services to its 400,000 members.