PSCU Financial Services Announces Electronic Banking Product, Agreement with Q2 Software

June 17, 2008

PSCU Financial Services Announces Electronic Banking Product, Agreement with Q2 Software

Leading-Edge Solution to be Coupled with Cooperative’s Award-Winning 24/7 Support

ST. PETERSBURG, FL, June 17, 2008 – PSCU Financial Services announced that it will offer a leading-edge electronic banking product that includes online banking, voice banking and mobile banking. This product will address member needs for a comprehensive set of features along with 24/7 member support and consultative support from the nation’s largest credit union service organization (CUSO). The cooperative recently entered a reseller partnership with Q2 Software, an Austin, Texas-based technology company that provides electronic banking software and services. Pilots for the new electronic banking application will be conducted this fall prior to a full product launch in early 2009. Q2 Software was selected as a preferred provider because of the company’s proven solution and integrated mobile and small business functionality. This partnership will allow PSCU Financial Services to take advantage of Q2 Software’s fast-paced and innovative development strategy and modern system architecture, while responding to the needs of member credit unions. This new electronic banking suite will combine an integrated online solution with the cooperative’s award-winning member support. “Our online bill payment product has been very successful but it has always been our goal to provide fully featured online banking to our member-owner credit unions,” said David J. Serlo, President, PSCU Financial Services. ”This online banking offering is a world class product that will help attract and retain members, while enabling credit unions to consolidate relationships and lower overall costs through our tiered relationship pricing structure. The credit union industry will now have access to a turnkey online banking solution with cooperative pricing, world class support and a modern integrated architecture.” In addition to standard online banking features that include access to account balances, transaction history, account transfers, account alerts and stop payments, PSCU Financial Services’ electronic banking product will offer: – Integrated mobile banking – Voice banking capabilities – State-of-the-art online security with multi-factor authentication at log in that can be used across all delivery channels including online and mobile banking – Integrated small business member services – Ability to match the ‘look and feel’ with a credit union’s web site; and – Online channel marketing activities using built-in tools.