It's all about instant money transfers. And elimination of credit card processing fees. That is the double-barreled reason the $2.2 billion Veridian Credit Union in Waterloo, Iowa has now adopted the FiSync payments platform from Des Moines-headquartered Dwolla, said Veridian executive Eric Kinman, manager of marketing.
"We are rolling this out to our 167,000 members," said Kinman who acknowledged that Veridian had recently investigated multiple person-to-person payments technologies but it had decided to adopt Dwolla, a company that is supported by Des Moines-based The Members Group, which specializes in payments and card processing technologies.
He said Veridian expected quick adoption by merchants because they will benefit both from dramatically lower fees and instant availability of funds in their account.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
