Parda Federal Credit Union of Rochester, Mich., and TEG Federal Credit Union of Poughkeepsie, N.Y., have agreed to use business banking and payment processing software from S1 Corp.'s Postilion division.
The deals were made through a marketing alliance formed this year between Postilion, which focuses on credit unions and small and midsize banks, and CU Business Capital LLC, a Miramar, Fla., credit union service organization that helps credit unions implement commercial services.
"Providing services to our business members is a vital piece of our growth and profitability strategy," Ron Flaherty, the chief financial officer at TEG, said in a press release Tuesday. Postilion's software will let the credit union's business members "manage all aspects of their cash flow online."
