Electronic bill pay (eBP) is part of a suite of electronic payment solutions credit unions can use to enhance their Internet-based member offerings. eBP solutions range from basic, low-cost offerings to premium features, including eBill presentment and expedited payments. This product is offered through Corporate Network eCom LLC® (eCom), a majority-owned credit union service organization (CUSO) and subsidiary of U.S. Central.

Facts:

• More than 750,000 individual credit union members use at least one eBP payment solution
• Mobile bill payment solution available
• Supports multiple settlement models, including good funds and risk-based

Business Benefits:

• Aggregated purchasing power provides more competitive pricing than most credit unions can get directly
• High electronic payment rate (eRate) results in lower transaction costs, faster payments and fewer exception claims
• Web-based solution; no software or hardware required
• Customizable front-end lets credit unions control online experience for their members
• User friendly, white-labeled portal allows seamless upgrades and enhancements
• Research indicates eBP users have higher aggregate balances, use more products and generally remain with their financial institutions longer
• Turn-key implementation, training and marketing programs increase speed-to-market and adoption
• Stringent controls and automated processes enhance operational efficiencies and help mitigate payments risk