ESP Bill Pay Now Real-Time
Spokane Valley, WA – 5/28/2020 – Enhanced Software Products, Inc. (ESP) is pleased to announce its first deployment of real-time bill pay to its clients. Governmental Employees Credit Union (G.E.C.U.) of La Crosse, WI chose ESP’s Bill Pay with the added functionality of real-time collection to enable its members to better manage their finances.
Being an early adopter in new technology, ESP is one of a few US credit union core processors to offer a real-time bill pay solution.
ESP has a track record of providing low-cost yet cutting edge solutions to its customers. ESP’s Bill Pay uses the flexible architecture of its core processing platform FORZA3™ to secure funds directly through the core, making it possible to deliver the payment to payees immediately, with no risk to the credit union. This means that with ESP’s Bill Pay solution, members see the payments being made from their accounts with no delay for batch processes to run. Their available balances now truly reflect the state of their accounts. Members can ultimately better manage their budgets with real-time tools.
Encompassing an entire suite of bill paying functionality, ESP’s Bill Pay includes Account-to-Account (A2A), real-time Person-to-Person (P2P), as well as the ability to pay bills by capturing images with a smartphone (PicturePay®).
Other modules in the Bill Pay suite of products include:
- PortalPay™ – Web Loan Payments
- BizPay – Payroll and ACH Management
- Vault – Document Storage
- E-Bills – Complete Bill Management
E-Bills, an especially forward-thinking module of ESP Bill Pay, actually pulls invoices and up-to-the-minute information such as current balances, due dates, statement balances, and more right into Web Banking for the member – no more inputting information from a printed bill. This integration to over 12,000 of the largest payees is the next generation of bill pay technology.
With a direct connection with the core, credit union members can manage all their bills from one centralized location rather than making payments at each individual biller’s website.
To provide the best user experience possible moving forward, ESP will only offer its in-house bill pay as a real-time solution, which is delivered in partnership with Allied Payment Network. For more information on this solution contact sales@espsolution.net.