MasterCard RPPS

Program Description – PSECU has been doing bill payer fulfillment for about 17 years now.  This involved producing a check for each member payment (about 180,000 per month).  RPPS allows us to send electronic credits instead of checks at a savings of about 50 cents per item.  Members receive guaranteed credit in two business days or less. 

Upost@home

Program Description --  Upost is an online deposit program that allows members to deposit to their PSECU account without using an ATM or other deposit channel.  We give immediate credit to the member and then the member mails the check(s) that make up the deposit.  We allow the member up 10 days for the deposit to arrive.  We’ve processed over 250,000 Upost deposits now for over $115 million with only $2000 in losses to date.