MY CU Services, a provider of electronic payment solutions to credit unions in the US, has selected Aptys’s PayLOGICS platform to offer its 1,300 member credit unions a single payments solution for all payment.
The selected platform will allow MY CU Services to consolidate multiple payments products for check, ACH, and wire onto a single platform.
The platform will streamline MY CU’s payment operations and simplify member credit access to electronic payments and data.
Aptys said that the new technology will also give member credit unions more data access and control with enhanced real-time security features through PayLOGICS Risk and Anomaly Detection.
MY CU Services will also benefit from PayLOGICS’ Active Archive which provides tools for managing payment data all in a single location, Aptys added.
MY CU Services president/CEO Drew Kishbaugh said: “Because of our growth and success since 2010, we were looking for the right solution that would not only provide enhanced capability to our current members, but also position MY CU Services as a leader of electronic payment services to the credit union industry. PayLOGICS becomes the foundation for future growth and provides new payment services to our members.”
Aptys executive vice president of sales Eric Dotson said: “Efficient data management isn't just about having enough storage capacity anymore. Accessing and using data in a flexible infrastructure to better manage risk, reduce fraud, ensure regulatory compliance, and analyze data trends are all top priorities for FIs today. Active Archive simplifies these tasks by consolidating data and making it accessible online.”