WAKEFIELD, Mass.―Odyssey Merchant Services (OMS), a division of T.K.Keith Company, Inc., has announced three services designed specifically for community institutions, including credit unions: tokenized branch cash advance processing, consumer loan payment services, and deposit account funding services.
The company said tokenized branch cash advance services deliver secure transaction processing for cash advances done at credit union branches, with the option to utilize OMS-owned POS devices. Consumer loan payment services allows the financial institution to accept payment cards for certain consumer loan payments, which is especially convenient for institutions with a dispersed member base. Deposit account funding services provides merchant account services for credit unions using a technology provider to enable consumers’ opening of deposit accounts via an online product.
“These solutions provide state-of-the-art payment services to community banks and credit unions and are built on the same infrastructure used to provide merchant services to our retail business customers,” stated Ted Keith, President & CEO of Odyssey Merchant Services. “In addition, our focus on service and data security, coupled with our decades of experience serving the community financial institution market via NEBA and Primax, provides us with a unique perspective and appreciation for the needs of this market.”