CU Times Luminaries Finalists: Product Innovation – Credit, Debit Payments Solutions
Originally published on Credit Union Times
The payments space is a crowded one.
We combed through this year’s entries to select these five finalists in the category of Product Innovation – Credit/Debit Payments Solutions and we were excited by what we found happening in this space.
These organizations are providing credit unions with innovative and secure payment solutions that enhance member convenience, drive revenue growth and ensure transactional efficiency.
Take a look!
Product Innovation – Credit/Debit/Payments Solutions
Bloom Credit
Built by fintech and credit industry experts, Bloom Credit has developed modern financial data access and infrastructure to transform how creditworthiness is determined and ensure consumers get the credit they deserve.
Its newest innovation, Bloom+, is a first-of-its-kind API that allows credit union members to share their own bill payment data (consumer-permissioned data (CPD) — with major credit bureaus to be reported as tradelines. They’re able to build their credit profiles and substantiate creditworthiness without taking on new debt – effectively rewriting how creditworthiness is determined.
PayNearMe
PayNearMe has transformed how credit unions approach payments…
