NAFCU Services Selects Velocity Solutions as Preferred Partner for New Checking Account Revenue Solution
FORT LAUDERDALE, June 24, 2015 – NAFCU Services Corporation has selected Velocity Solutions, the leading provider of revenue enhancement solutions to regional and community credit unions, as their exclusive, Preferred Partner for a new checking account revenue solution, My Rewards™ Premium Cards. The decision was made following a rigorous RFP process and extensive evaluation by the NAFCU Services Advisory Committee and NAFCU Board of Directors, comprised of leading credit union CEOs.
Velocity’s innovative program, offered through its affiliate My Rewards, LLC, is the My Rewards™ Premium Card program, which allows regional and community credit unions to offer multiple checking options to their account holders while generating a new revenue stream – all with no cash outlay to the vendor providing the program. Credit union members have the option to upgrade their basic debit card to a gold or platinum card for a monthly fee, for which they will receive valuable benefits and services typically associated with a premium credit card.
“We are absolutely thrilled to welcome Velocity Solutions to our program. They have demonstrated time and again that their products are designed with credit union members in mind, and that their company is focused on supporting credit unions. It’s no small feat to gain the approving votes of three panels of credit union CEOs. Velocity Solutions has done that and more, and we’re looking forward to a strong partnership going forward,” said Randy Salser, President of NAFCU Services Corporation.
“We’re excited to be joining strategic forces with NAFCU,” said Mike Triggiano, Executive Vice President of Velocity Solutions. “Since regulatory changes took effect in 2010, the playing field is more competitive than ever for credit unions,” continued Triggiano. “We are proud to be a proven, reliable partner to help credit unions accomplish their goals of driving new revenue, increasing transactions, and fostering member loyalty, all while providing a valuable service to their members.”
About Velocity Solutions, Inc.
Founded in 1995 and managing nearly 15 million transaction accounts, Velocity Solutions® is the leading provider of revenue enhancement solutions to regional and community banks and credit unions. Velocity’s solutions are designed to drive new accounts, increase transactional activity in existing accounts, generate additional fee income, increase account holder retention and address regulatory scrutiny. For more information, please visit www.myvelocity.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). For 40 years, NAFCU Services has partnered with the industry’s leading providers to offer superior solutions to the credit union industry. With the NAFCU Services Preferred Partner Seal, we designate only those suppliers who are truly committed to credit unions, and who have undergone a rigorous evaluation process. Our mission is to identify innovative solutions for credit union growth and productivity. For more information, visit www.nafcu.org/nafcuservices.
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| Velocity Solutions Contact: Beth Planakis Director of Marketing 954-847-5800 Ext. 183 beth@myvelocity.com |
NAFCU Services Corporation Contact: Paul Timm Vice President, Marketing (703) 842-2210 ptimm@nafcu.org |