MessagePay integrates with Fiserv for Credit Union SMS Payments
By Gloria Methri
MessagePay, a digital payments platform for community financial institutions (CFIs), has announced an integration with Portico® from Fiserv, a full-service core account processing platform.
This integration enables credit unions using Portico to seamlessly utilize MessagePay’s SMS payments technology, offering their members the flexibility to make payments at any time and from any location.
MessagePay’s user-friendly technology empowers credit unions to send payment reminder texts, engage in conversations with members, and facilitate payments made by members to the credit union securely and efficiently.
The integration with Portico enables the instantaneous crediting of members’ accounts, enhancing efficiencies in loan payments, collections, credit cards and customer service.
This functionality is made possible by API-driven payment information exchange between MessagePay and Portico, allowing credit unions to effortlessly provide accurate, real-time data to facilitate member payments at any time and from anywhere.
“Integrating MessagePay’s innovative payments and messaging capabilities into our Portico core banking platform allows credit unions to communicate with and receive payments from members in a manner convenient to them,” said Vanessa Stock, VP of Product Management & Strategy for Credit Union Solutions at Fiserv. “Members can now make payments as simply as a few taps on their phone, and the information is updated in Portico and their digital banking application in real-time.”
“In a mobile-first world, frictionless payments and a simple user experience are a must for financial institutions. This integration makes for a seamless payment process for members of credit unions utilizing Portico,” said Greg Pesci, MessagePay’s President.
Looking ahead, MessagePay plans to implement additional loan-type payment options and single sign-on capabilities. These advancements will continue to equip credit unions with secure and convenient tools to elevate their member engagement strategies and drive exceptional results.
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