Payment solutions are one of the most essential products credit unions offer to differentiate themselves from banks and other competition. That is why selecting the right processing partner is particularly critical to member satisfaction, retention and growth. The following are a few things to consider when making the difficult decision of whether to stay with your current payments processor or to convert to a new partner.
There isn’t a one-size-fits-all approach to evaluating your payments partnership, but there are key components that should be measured when evaluating your current payment offerings and in considering a future partnership. LSC takes a consultative approach to the payments partner evaluation process, and can help you understand what to look for in all proposals, including our own.
Todays’ article was written by Steven Ryniec. At LSC, our philosophy is simple- we help our credit unions compete. We are your comprehensive, one-stop shop for payment services. Our team works directly with your credit union to create a new game plan to make you stronger and increase your wins. The bottom line is it's our job to see credit unions succeed. Visit our website to learn more or contact Steven Ryniec, AVP Sales and Channel Partnerships.
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