Redwood Credit Union (RCU) has won an award for RCUpay from NACHA, the Electronic Payments Association®, which celebrates proven accomplishment and leadership in the payments industry and recognizes innovations defining the future.
RCUpay is a mobile-first solution that allows customers to send money to anyone in the U.S. via email or text. Competing with person-to-person (P2P) players such as Venmo and PayPal, RCUpay sets itself apart by streamlining payments in real-time between members. RCUpay also foregoes the burdensome registration process common with other P2P services to claim funds.
“Receiving an award from NACHA, which sets payment standards nationally, is very exciting,” said Todd Lindemann, SVP Payments. “We wanted to offer our members a system that was free, fast, simple to utilize and secure, which they could rely on completely. Receiving this award from NACHA helps to validate that we did our job well.”
Chief operating officer of NACHA, Jane Larimer, reported, “We are proud to recognize Team Redwood as a well-deserving recipient of the 2018 NACHA Payments Awards. This is an incredible group of award winners who stood out for their accomplishments, leadership and for continuing to push the boundaries of innovation in the payments industry.”
Walt Cox, AVP Payments, Redwood Credit Union, receives award from NACHA, The Electronic Payments Association