Under the terms of the deal, iPay is set to provide the credit union’s individual and small business members with its bill payment suite as well as support Vantage in transaction marketing. Representatives of the two companies have expressed their hopes that the implementation of iPay’s products and services is to allow Vantage to enhance customer loyalty and deposit retention, as well as cut back on transaction processing time and costs.
iPay currently services around 2,700 financial institutions in the United States and Puerto Rico, while Vantage Credit Union counts over 100,000 consumer and business member-owners.
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