Whitepaper

How credit unions can select a strong provider for merchant services

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For Credit Unions

From mobile app payment processing, text-to-pay, and invoicing, small businesses are looking for an all-in-one merchant services solution from their credit union to meet their business needs. In Elan’s latest whitepaper, you’ll uncover:

What merchant services capabilities local businesses want and need
Types of merchant provider models
Criteria for evaluating a potential partner for merchant services

Partnering with a third-party payments provider can increase member satisfaction, retention rates, and ultimately, keep your credit union competitive with larger institutions. Elavon, a leading payments provider and credit union merchant partner, shows an 88% increase in average revenue, an 85% increase in deposits, and an 80% increase in loans from businesses that use their credit union for merchant services versus those with only a checking account.

Download the full whitepaper to learn about the benefits of a strong merchant services partnership and ways to evaluate the right one.

_{*Source: BlueVine, 2022.}