Be a Hero. Make life easier for your members

on "October 19, 2020 11:18 am"

It is widely known that the current pandemic has brought economic challenges to the financial services industry, but Payzur P2P (person-to-person) has positioned itself to withstand the challenges and push thru as one of the leading payment platforms in the industry.

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Credit and debit cards have become the non‐cash standard way to pay merchants. However, when it comes to paying an individual, there is no standard way to do so because of so many hurdles blocking a person‐to‐person (sometimes called peer‐to‐peer) transaction. 

In the US, the person-to-person payment market is expected to reach almost $400 billion by the end of this year. P2P payments are a digital cash alternative that make sending and receiving money as easy as emailing and texting. Whether it’s repaying family and friends, paying allowance, splitting the check, or sending a birthday gift, P2P payments allow your members to quickly transfer money from their existing debit account to almost anybody else’s.

  • Deeper member engagement
  • Member retention
  • Extend credit unions branch footprint
  • Generate incremental revenue (for credit unions who opt to charge a fee)
  • Attract millennial cardholders
  • Increase member satisfaction
  • Strengthen brand awareness

Payzur is owned by Fiserv, a global leader in commerce‐enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries. 

Many credit union members are seeking normalcy and security during these chaotic times, especially when it comes to their money. The answer they can always count on – Payzur P2P. For more information about Payzur contact your National Business Consultant, John Fotopoulos at 1.480.310.2467.