TFCU selects ProPay to integrate pay-by-text loan payments

ProPay’s LenderPayTM empowers credit unions with one-click mobile loan payments

LEHI, UT (March 17, 2016) — ProPay, a TSYScompany, announced today that El Paso Area Teachers Federal Credit Union (TFCU) has selected ProPay’s LenderPayTM solution to help provide members with new loan payment options above and beyond mobile apps and online bill pay. Members can now use their preferred debit card, credit card or bank account to pay TFCU loans by responding to a text message, clicking an email hyperlink or simply tapping their smartphone. There is no mobile app to download and no online payment portal needed.

“As a society, we are glued to our mobile screens – and we love our debit cards,” said Dave Duncan, president of ProPay. “This generation demands the ability to conduct business anytime, anywhere and especially through their mobile devices. Enabling consumers to pay their loans with a single click from any device provides TFCU with a tremendous advantage in servicing their customers.”

“Our commitment to member convenience and turnkey technology is paramount,” said TFCU Manager, Laura Schaffino. “LenderPay seamlessly integrates with our core system and gives tech- savvy members the payment options they expect.”

ProPay provides services that minimize Payment Card Industry Data Security Standard (PCI DSS) compliance requirements and are designed exclusively for financial institutions that want to accept loan payments with a minimal convenience fee.

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Scott Nelson

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