GFA Federal Credit Union’s Post

Small businesses are the heart of communities. To help them thrive and survive in the face of financial challenges, Fiserv and Genesis Bank are working together to give small businesses in low-to-moderate income neighborhoods across Southern California the tools to succeed. 🧡 By receiving custom Clover POS bundles, businesses will have access to crucial technology with data-driven insights to help them grow and expand. 🍀 Through this partnership with Genesis Bank, one of two diverse multiracial Minority Depository Institutions (MDIs) in the U.S., historically underserved small business owners will overcome a major barrier to success. "We can support their growth and help maximize their impact by providing critical financial technology resources to the businesses that play a meaningful role in creating the vibrant and entrepreneurial communities that comprise Southern California, the second largest and most diverse demographic in the U.S.,” said Neil Wilcox, Head of Corporate Social Responsibility at Fiserv. To learn more about this partnership in helping diverse communities flourish, read the PYMNTS article below. #fiserv #clover #community

Eager to save up for that epic summer vacation, but can't stop thinking about summer shopping? 🌞🛍️ Let your banking app come to the rescue! Certain banking apps can block specific merchants types, helping you avoid those tempting, unnecessary purchases. 💳🚫 We’ve scoured the US market on FinTech Insights to find the 🏦 institutions that offer this feature, allowing you to block various types of merchants like department stores, grocery stores, restaurants, entertainment venues, and more. Here are the banks that have got you covered: ✅ America First Credit Union ✅ Arizona Financial Credit Union ✅ Community Choice Credit Union ✅ Flagstar Bank ✅ Liberty Bank - CT ✅ Middlesex Savings Bank ✅ Space Coast Credit Union ✅ Thomaston Savings Bank #FinTechInsights #digitalbanking #banking #fintech #research #US #USmarket

Learn more about how Matthew Ballou and our friends at WyHy Federal Credit Union are using the Digital Onboarding platform!

TRUE PERSONALIZATION DRIVES RESULTS, but you need to be able to leverage your data. WyHy Federal Credit Union absolutely nailed it! 💪 Matthew Ballou (Chief Retail Officer) had this to say: "Everybody talks about data, right? We've got it. Digital Onboarding lets us do something with it! We can look at transaction data and see the members shopping at home improvement stores. Let's get them a cross-sell offer for a home equity line of credit! Let's look at our geographical areas and send something that says: 'Hey, on average, the equity in your home has gone up 44%. Do you want to utilize it?!' That's the kind of targeted messaging that the Digital Onboarding engagement platform allows us to do, and it's incredible. That's why I'm so passionate about Digital Onboarding!" 💥👏💥 Way to go WyHy! #fintechnews #banking #creditunions

Don’t miss the new op-ed I co-authored with Delicia Reynolds Hand, whose work at Consumer Reports has been so important to addressing the hidden harms in digital finance. The piece, published in New York Amsterdam News, is about the investigations she led revealing consumer concerns in popular financial apps, as well as the potential for these tools to add to the challenges marginalized communities face. This doesn’t have to be the future of digital finance – and this week’s action by the Consumer Financial Protection Bureau holding Buy Now, Pay Later apps to the standard of traditional credit cards is a step in the right direction. Learn more about how we can build a system that is truly inclusive and empowering for every consumer. #socialimpactatcr #financialfairness #finance https://lnkd.in/eBZnxf-6

Making transactions this season doesn’t have to be a struggle. 📱 Receive payments from anywhere in the world directly into your Chipper Card 🎉 Download the Chipper Cash App today to get started. 📱📲 #ChipperCash #USDcard #Transactions #MoveYourMoneyFreely #MediaCompany #DottsMediaHouse #CoCreateMagic #DMH

Gen Z shows high dissatisfaction with current credit card rewards programs - representing an opportunity to pounce for financial institutions looking to secure the purchasing power of this important group. Data suggests that credit card issuers can increase satisfaction by reducing redemption friction and offering nontraditional rewards catering to Gen Z preferences, such as flash sales, event ticket access, and referral programs. Customization and convenience are king! What do you think? Matthew Lausi Jonathan Stinnett Sapna Rosa Robert Cole Anastasia Pelot Jola Burnett #GenZ #Fintech #insights #Ipsos

TranzactCard - your ultimate financial sidekick! 💳 Double your spending power on every transaction with the first-of-its-kind card that's here to revolutionize your banking experience. 🚀 Bank with confidence, spend with purpose because the rewards are so good! 💎 #TranzactCard #FinancialMomentum #BankCard #Savings #SmartShopping #Spendinghacks #innovation *The official launch is scheduled for November 2023. During pre-launch, certain functions of TranzactCard are still in beta and being developed. For example, the TranzactCard Member Referral Program and the Influencer Program will be part of the official launch in November 2023. *Z-Club is being progressively enlarged, tested and refined during the beta phase towards launch. Z-Bucks are used to buy down the retail price of products and services in Z-Club, as they are made available. Travel products and services are not yet available in the Z-Club.

Assisted Service rocks, Especially enabled by Teller Concierge's modern features. Just want to let your customer do their own quiet little thing? fair enough. Want to be simultaneously Advising / supporting your customer's transaction? do that too. Assisted Service in Branch Banking. Accept no substitute.

The PayPoint plc has 28,000 locations across the UK, our network is bigger than all of the banks, Post Offices and supermarkets put together. Recent trends in banking, such as increasing account closures, highlight the need for more accessible financial services. Using Occam's Razor, a simple yet effective solution is evident: update the laws to expand transaction capabilities through the PayPoint network. Monzo Bank easy cash deposit system via PayPoint is a prime example of streamlined banking - deposit cash at local shops with minimal hassle. If we extend this model, increasing transaction limits and requiring all banks to join, we could significantly enhance financial accessibility. This approach could democratize banking, especially in underserved communities. Tony Smith MA Simon Nicholson Jess Flack FHEA Emer O'Donnell Nicola Young #FinancialInclusion #BankingReform #Monzo #PayPoint