You've been redirected from MobilePaymentsToday.com to PaymentsDive.com. In March 2021, Mobile Payments Today became a part of Payments Dive. For the latest payments news, sign up for the daily newsletter.

TFCU selects ProPay to enable text loan payments

TFCU members can now use their preferred debit card, credit card or bank account to pay loans by responding to a text message.

ProPay, a TSYS company, this past week announed that El Paso Area Teachers Federal Credit Union has selected ProPay's LenderPay product to help provide members with new loan payment options above and beyond mobile apps and online bill pay, according to a press release.

TFCU members can now use their preferred debit card, credit card or bank account to pay loans by responding to a text message, clicking an email hyperlink or simply tapping their smartphone, according to the announcement. There is no mobile app to download or online payment portal needed.

"As a society, we are glued to our mobile screens — and we love our debit cards," said Dave Duncan, president of ProPay. "This generation demands the ability to conduct business anytime, anywhere and especially through their mobile devices. Enabling consumers to pay their loans with a single click from any device provides TFCU with a tremendous advantage in servicing their customers."

"Our commitment to member convenience and turnkey technology is paramount," said TCFU manager Laura Schaffino. "LenderPay seamlessly integrates with our core system and gives tech-savvy members the payment options they expect."