CSI waives fees for SPIN P2P payments to support consumers’ need for real-time contactless transactions during COVID-19 pandemic
To enable community banks to provide contactless person-to-person (P2P) mobile payments to their customers during the COVID-19 pandemic, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of integrated fintech and regtech solutions, is waiving implementation and monthly service fees for its core and digital banking customers on the company’s SPIN P2P app.
SPIN enables banks to provide their customers with direct P2P payment functionality through CSI’s mobile and online banking applications. Beginning April 15, CSI is waiving the implementation fee for banks not currently using the platform and waiving all monthly service and transaction fees through June 30, 2020, for both new and existing SPIN customer banks.
“Now, more than ever, it is vital that we all have the necessary tools to manage our daily financial needs from home,” said David Culbertson, CSI’s president and COO. “We want to ensure all of our community bank partners can deliver a payment alternative
As a component of CSI’s digital banking platform, SPIN’s P2P payments technology enables users to send real-time payments to any domestic Visa or Mastercard debit cardholder. Card information is fully encrypted to ensure security and compliance.