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PSCU Financial Services launches P2P online bill payment
ST. PETERSBURG, Fla. (9/28/10)--PSCU Financial Services has launched a person-to-person payment option, Zashpay, for its PayLynx online bill payment platform. ZashPay, from Fiserv, will allow credit union members who are PayLynx subscribers to transmit or receive money using existing online banking accounts. More than 60 credit unions already have signed up for the service. ZashPay allows payments to be deducted directly from a sender’s banking account and directly deposited into a recipient’s account in one business day. The transactions are conducted as securely as online bill payments. “With ZashPay, users are always directed back to their financial institution’s website rather than to a third-party site, creating an advantage for our credit unions,” said Leslie Reistrup, PSCU Financial Services director of e-commerce. PSCU Financial Services, St. Petersburg, Fla., is a nonprofit cooperative that serves more than 1,500 financial institutions nationwide.


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