Redstone Federal Credit Union is expanding its existing relationship with Fiserv to send money to other people and transfer money between their own accounts.
The Huntsville, Alabama-based credit union selected Turnkey Service for Zelle from Fiserv along with TransferNow from Fiserv for account-to-account transfers.
“Our members had been inquiring about P2P payments, and we saw that we had a gap in the area of real-time money movement. Fiserv provided the tools we needed to fill the gap and offer members the capabilities to meet their needs, customized within our digital banking solution,” Terri Bentley, senior executive vice president at Redstone Federal Credit Union, said.
Turnkey Service for Zelle will enable P2P payments for Redstone members. This solution streamlines the onboarding process for financial institutions, helping to reduce costs and accelerate time-to-market for Zelle.
In addition, Redstone is adding TransferNow to support account-to-account (A2A) transfers. Both capabilities will launch to Redstone members in summer 2020, integrating with the credit union’s existing core platform, DNA from Fiserv. Members will benefit from access to real-time balances reflecting all payments and transfers due to the platform’s continuous processing capabilities.