Allied Payment Network has embarked on a transformative journey, solidifying a strategic partnership with MY CREDIT UNION, a prominent US financial institution. The financial institution-fintech partnership brings together the prowess of Allied’s Ultracs platform and MY CREDIT UNION’s digital banking infrastructure, aiming to redefine the landscape of financial transactions.
Paving the Way for Seamless Transactions
The integration of Allied Payment Network’s advanced payment tools with MY CREDIT UNION’s robust digital banking platform marks a significant stride in providing customers with the seamless, mobile-first experiences they demand. By combining the Ultracs and Allied platforms, the alliance is set to streamline members’ money-movement needs, promising efficiency and user satisfaction.
Allied Payment Network, recognized for empowering financial institutions of all sizes, has seen remarkable growth throughout 2023. Acquiring over 50 new clients, the company currently collaborates with nearly 500 financial institutions nationwide. With a track record of processing over USD 3.6 billion in payments in 2022, Allied anticipates surpassing these figures by the year’s end.
Notably, the collaboration isn’t solely transactional; it reflects a shared commitment to community-focused initiatives. MY CREDIT UNION, renowned for its financial solutions that educate and engage members, aligns seamlessly with Allied’s expertise in real-time money movement and its dedication to flexible, open payment solutions.
This partnership signifies a convergence of innovation and community values, promising enhanced digital banking experiences for users of MY CREDIT UNION and reinforcing Allied Payment Network’s position as a leader in the realm of real-time payments.
“Allied, like MY CREDIT UNION, is a community-focused organization,” said MY CREDIT UNION President Greg Worthen. “That fact, coupled with a robust suite of payment solutions, made this an easy decision. With the combination of two state-of-the-art platforms like Ultracs and Allied, we’re confident we’ll be able to give our members the superior mobile-first experience they expect. We look forward to the value this relationship will bring to our members and communities.”
Jeff Harper, Chief Revenue Officer of Allied, adds, “We’re honored to partner with MY CREDIT UNION. Financial institutions of all sizes trust us because our products are innovative, easily integrated, highly scalable, and supported by exceptional customer service. We look forward to facilitating their members’ money-movement needs and to a long, successful partnership.”
“Financial institutions like MY CREDIT UNION serve a critical role in their communities. Their members aren’t just numbers; they’re neighbors and friends,” said Allied CEO Geoff Knapp. “They are allies for their community and we’re proud to be an ally for them. We look forward to working with MY CREDIT UNION and helping them further their mission.”
To know more about other trending usecases in the US financial services industry, like Generative AI, Open Banking, Buy Now Pay Later (BNPL), explore our other insights.
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