Clearly Payments Creates Bank & Credit Union Credit Card Processing Program

Consumer habits are evolving which are changing the way merchants conduct business and interact with customers. Transactions are becoming faster, more frictionless, and ubiquitous. Payment technology is evolving quicker than ever enabling this change. Banks and credit unions need to adapt to these changes. 

Sometimes it is difficult for banks and credit unions to change quickly due to things such as legacy infrastructure, the regulatory environment, or simply headcount and expertise limitations. Working with a fintech company like Clearly Payments lets banks and credit unions move faster with great efficiency.

Payment processing is a very large endeavour. That is why very few banks bring payment processing in-house. Banks and credit unions tell us they do not want to take on the full payment processing operations because of several reasons: it is not strategically aligned with their strategy, it’s difficult to gain the necessary internal headcount or funding, or there is a lack of expertise. These are the reasons that Clearly Payments exists. 

When working with Clearly Payments, you’ll see a number of benefits:

• You gain a parter with deep expertise in payment processing that you can benefit from. 
• Utmost flexibility in which type of operations are handled by Clearly Payments vs internally. You have the flexibility to completely outsource everything to only a select set of operations.
• Ability for the program to evolve if banks or credit unions want to eventually bring operations in-house. We can help phase the process and provide support and training.
• Banks gain a new revenue stream that continually grows and is paid monthly.
• The program can start with small or large scale.
• There are no direct costs to start the program. We take care of everything from onboarding and training to full support.