KENT, Wash. –Member Access Processing (MAP), an aggregator of the Visa Debit Processing Service platform for credit unions, has announced the formation of Payments Consultancy, a team of payment consulting firms that will develop strategies and products to help credit unions deliver better credit card services to their members, the company said.
“Debit and credit cards are one of the most important touch points that members have with their credit union,” said Cyndie Martini, CEO and President of Member Access Processing. “Yet credit unions have struggled to keep pace with the rapid changes, increased costs, and new offerings in the card payment industry. We have joined together with other independent, trusted advisors within the credit union industry to establish the Payments Consultancy. We will offer unmatched counsel and ready-to-deploy solutions that credit unions can use to match or surpass any card payment options in the banking industry.”
According to the cmopany, the Payments Consultancy offerings will include support for vendor review and RFP services, contract negotiations, back office and operational issues, lending and collections performance, and strategy and growth services. However, the most attractive part of the offering may be the fact that these third-party agencies will be able to provide objective guidance at potentially lower prices compared to the leading credit union consultants, the company said, adding the new partnership will allow credit unions to receive tailored guidance at the same, if not higher, level of quality as large competitors.
“Payments Consultancy clients can expect unparalleled advice on selection, implementation, and integration of various payment-related solutions,” said Martini.
Along with Member Access Processing, the Payments Consultancy includes Best Innovation Group, Clearkey Consulting, Savage Consulting Group and Value Management Group International.