CUBUS LAUNCHES QUICK PAY FOR CREDIT UNIONS
True Sky Credit Union first to implement
LIVERMORE, Calif., May 24, 2017 – Cubus Solutions, a provider of powerful digital banking solutions for credit unions, announced the release of a new product, Quick Pay, which lets members pay their credit union loan payments with a debit or credit card. Members can setup a payment themselves online, outside of online banking, adding convenience for all members, especially those with indirect loans. True Sky Credit Union of Oklahoma was the first credit union to launch the product.
“We allowed members to make a loan payment using a paper draft in our collections department, but it was very labor intensive and not cost effective for us or our members. We approached Cubus seeking a better solution and we got more than we expected with this product. Not only did it solve the problem for collections, it gives all of our members, direct and indirect, the option to make a loan payment with a credit card outside or inside our online banking,” said Jef Fialkowski, IT Senior Vice President for True Sky Credit Union.
How It Works
Members can pay their loans in three steps: enter member identification information, choose the loan and make the payment. Credit union staff can also use this same automation to help a member over the phone or at the counter to pay their loan with a card. What used to be a cumbersome experience for members and credit union staff is now easy, efficient and quick.
Quick Pay offers immediate approval of the credit or debit card through authorize.net and the loan payment is instant. No delay of up to three days for an ACH transfer. Quick Pay also supports PayPal accounts. Notifications such as payment processed, payment scheduled, payment modified or deleted, expiring credit card, scheduled payment reminders and payment failure to process are also included with Quick Pay.
“In the true spirit of collaboration, when True Sky came to us with their need to make a process work smarter, we not only saw it useful to create a tool for them, but one that could be offered to the greater credit union community. Many times we are the conduit and creator for our customers’ ideas. And if one credit union needs it, there are probably more that are having the same frustrations,” said John-Ashley Paul, CEO of Cubus Solutions.
For more information on Cubus Quick Pay, click here.
About Cubus Solutions
Cubus Solutions is headquartered in Livermore, California, and provides a powerful online banking platform for credit unions that integrates online banking, payments and finance management in one single interface. Cubus and its online banking platform were built by executives and engineers with decades of combined experience with core data systems and the banking industry. Cubus is a trusted solution provider with nearly a dozen years of proven success with its clients. For more information visit www.cubussolutions.com.
About True Sky Credit Union
With headquarters in Oklahoma City and seven branches in the greater Oklahoma City area, True Sky Credit Union has been serving members for seventy years. Today, the Credit Union has 51,000 members in Canadian, Cleveland, Grady, Lincoln, Logan, McClain, Oklahoma and Pottawatomie counties. Membership is open to anyone who lives, works, or attends school in our eight-county service area. True Sky Credit Union has assets in excess of $580 million. Learn more at www.TrueSkyCU.org.
Cain Communications for Cubus Solutions