Collaboration Helps Credit Unions Attract and Drive Loyalty Among Members with Fast, Easy-to-Use Money Movement Technology
Allied Payment Network (Allied), the industry’s most progressive provider of online and mobile payment services to community financial institutions, announced its partnership with Royal Oak, Mich.-based Bankjoy, a leading online and mobile banking provider for credit unions. Bankjoy will integrate Allied’s digital money movement products into its digital banking offerings.
Credit union members using Bankjoy’s online or mobile banking platform will have seamless access to Allied’s full suite of digital payment products, including FlexPay bill pay with eBills and PicturePay®, the financial industry’s first mobile click-and-pay app; A2A and P2P payments; small business payments; digital document storage; and loan payments from external lending institutions.
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Allied and Bankjoy sought a partnership to help credit unions respond to mounting competition from alternative payments sources, including BigTech and retail organizations, many of which offer other financial products like depository accounts.
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Allied’s payments technology attracts new members and fosters engagement via a centralized payments hub that is easily accessed from a credit union’s digital or mobile banking environment. Allied pioneered real-time digital payments to billers and individuals, which further enhances the user experience and provides greater financial wellness.
“Partnering with Allied is a natural choice,” said Weiwei Duncan, COO of Bankjoy. “They share the same mission as Bankjoy — helping community-focused small FIs stay competitive in this fast-changing banking landscape.”
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