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CUSOs online bill payment services increase 38
ST. PETERSBURG, Fla. (2/11/09)--The number of PayLynx subscribers increased 38% in 2008, ending the year with 783,000 subscribers, according to PSCU Financial Services. PSCU Financial Services signed new agreements with 22 member credit unions for PayLynx, including Keesler FCU, Biloxi, Miss. Eight of the new agreements are with credit unions offering the service for the first time. “One of the biggest advantages [of PayLynx] for our members is the ability for funds to be withdrawn on the day payment is due,” said John Goff, senior vice president, Keesler FCU. “We wanted to deliver online bill payment free to our members and the cooperative’s affordable pricing structure allowed us to do this.” More than 470 financial institutions use the bill payment service. PSCU Financial Services is based in St. Petersburg, Fla.


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