Payments
Digital Payments
In our mobile and online world, digital payments have been and continue to be rapidly adopted. Member demand is increasing for these touchless payment offerings.
To stay ahead of the curve and keep your credit union top-of-mind and top of the digital wallet, use these digital payments tools.
Digital Wallets
Digital wallets virtually store cardholder payment information and allow users to securely complete transactions using their smartphones, smartwatches, or other devices. If shopping online, digital wallets can eliminate the need for the user to input card information for each transaction.
Major, well-known digital wallets include Apple Pay, Amazon Pay, Samsung Pay, and Google Pay, but additional options continue to enter the market. Many retailers also act as a digital wallet, retaining card information in-app.
Being top-of-wallet means being first-in-app when describing digital wallets.
Key benefits to digital wallets include:
- Touchless Capability: With no need to dip or swipe a card, the need to touch a POS terminal is limited
- Top of Wallet/First App: Default card set becomes the primary form of payment
- Convenience: No need to carry a physical card
- Flexibility: Ability to complete in-app and online transactions
- Speed: Quicker transaction time
- Security: Cashiers no longer see names or card numbers because tokenization encrypts payment information
Our team can assist your credit union with the push provisioning capability required to securely push the card account information to the mobile wallet of choice.
Card Free Cash
As members become more accustomed to using their smartphones or other connected devices for payments, adopting Card Free Cash is a logical next step. Card Free Cash allows members to use their smartphones to withdraw cash from an enabled ATM terminal.
Learn more about our Digital Payment services. Give us a call at 800.341.0180 or contact us using the form below.
“Real-time payments are becoming the standard for both personal and business payments. Credit unions must consider providing these services to compete with offerings by both FinTechs and Big Techs. Faster payments, like RTP, will serve as a platform for credit unions to create new and innovative products and services.”
Karen Martin
Synergent Assistant Vice President
Product Management
Faster Payments
Real-time payments are becoming the standard for both personal and business members alike. Faster Payments is a flexible solution that is positioned for growth and will serve as a platform for credit unions to create new and innovative products and services in the future.
We’d love to speak with you about your technology needs.
Give us a call at 800.341.0180. Or complete and submit the form below. We look forward to speaking with you!
PayCenter Helps Credit Unions Remain Competitive and Agile
Synergent has partnered with Jack Henry & Associates to provide JHA PayCenter, a payments hub that enables access to real-time payments. Member-facing solutions currently include Zelle and RTP Receive, and Fed Now.
Additional Services You Might Be Interested In
Offer Immediate Payments with the RTP Network
The RTP Network, which falls under the JHA PayCenter umbrella, enables credit unions to offer immediate payment services for all types of transactions.
Make Fast Day-to-Day Payments with FedNow®
FedNow® was created by the Federal Reserve to help individuals and businesses make fast, convenient day-to-day payments.
Provide Members with P2P Payment Options with Zelle
Zelle is an easy-to-use person-to-person (P2P) payments solution. It has full integration with mobile and online banking solutions, as well as with the Jack Henry™ Symitar® core.