Our white papers are drafted by Velocity’s subject matter experts and feature in-depth research, trends and informed views on a variety of timely banking topics.
In this new white paper, Velocity’s CEO points out the real truth about what the big banks are doing. From the headlines, you’d think they’ve all eliminated overdraft fees, but that’s just not true.
This original publication, created exclusively for Velocity Solutions clients, provides a summary
of the extensive playbook on how to respond to all of the recent headlines around overdraft and its associated fees.
Industry pundits prognosticate on how overdraft is going away, and create the impression that all consumers detest overdraft and want the service to end. In this detailed white paper, Christopher Leonard explains that while changes may occur, overdraft is most definitely not over. Download the white paper now.
In Part 3, we’ll talk about effective rallying cries to bring the business borrowers to your financial institution. In other words, why should they borrow from you rather than a challenger bank, online lender or even worse, a megabank?
In Part 2, we’ll discuss the power of a digital platform in defeating the competition! Digital technology allows your bank or credit union to provide small business loans efficiently, quickly and profitably.
In this series, we will lay out a battle plan for overcoming obstacles and conquering the competition in the digital small business lending space.
Learn the industry’s best kept secret for boosting performance at each stage of the checking account life cycle, from onboarding to retention. This solution has proven time and again to deliver a 3 to 1 ROI or higher!
In a time when American households are lacking liquidity in record numbers and the competitors are swooping in to meet their needs, is your bank or credit union prepared to take action? Download this white paper to learn how you can help.
The megabanks are opening exponentially more accounts than regional banks, credit unions and community banks. Download our free white paper to learn why “Reacquisition” should be your 2021 strategy!
There are countless benefits to implementing a digital lending platform for community financial institutions that can lead to bottom-line savings and increased income.
Do you really understand how your overdraft management program calculates overdraft limits? Can you explain the specific factors, trends and overrides that determine the overdraft limit?
Alternative data in lending is here to stay, and financial institutions that do not have a strategy in place to utilize this powerful tool will be limiting their lending potential.
Banks and credit unions that are seeking to become more efficient, productive and agile need to centralize their data in order to build up their revenue!
Is your financial institution offering only static, one-size-fits-all overdraft limits? Giving every account holder the same overdraft limit means you’re working with an UNMANAGED program and limiting your ability to manage charge offs and address risk.
Learn how banks and credit unions can deliver commercial & retail loans quickly, conveniently and profitably.
In this white paper, learn how managed overdraft limits and custom communications combine to provide better service while addressing compliance directives.
Browse Velocity-produced articles and review company press releases.
Industry pundits prognosticate on how overdraft is going away, and create the impression that all consumers detest overdraft and want the service to end. In this article, Christopher Leonard explains that while changes may occur, overdraft is not over.
In response to the unprecedented COVID-19 pandemic and subsequent CARES Act, the rate of adoption and utilization of digital lending technology on behalf of borrowers and lenders has increased dramatically.
This isn’t your dad’s economy. Many of today’s consumers are struggling with a lack of cash and retirement savings. Consumers and the government agencies are counting on community banks and credit unions!
Many consumers would prefer to obtain responsible, affordable short-term loans to manage liquidity needs. Community FIs can provide these loans through automated processes and partnering with a fintech provider.
Velocity EVP Steve Swanston discusses the evolution of overdraft services, from the early days of the “wild west” to the more recent management of overdraft as a valuable service and compliant line of business.
The CFPB issued its final payday lending rule in October 2017. As written, it promises to offer community banks and credit unions significant benefits for providing small-dollar loans to their consumers.
Is your financial institution considering a new overdraft program? Tim Barrett, Velocity DDA Strategist, outlines ten critical factors that should affect your decision.
A proactive, compliant Reg. E outreach effort needs to be ongoing at your bank or credit union to maximize account holder service and prevent the loss of business and overdraft fee income.
Velocity CEO Christopher Leonard talks to CUInsight about the challenges faced by community financial institutions in using their data in meaningful, actionable ways.
In order for community financial institutions to grow, they need to consistently monitor and measure critical account data points and modify their procedures accordingly.
You’re wasting valuable time if you present new account holders with a “menu” of checking account options. Keep it simple and save that time building a relationship with your new account holder!
Consumers are increasingly demanding new technology, and community financial institutions have to keep pace! To do so, they must collaborate with fintechs and work together to create a synergy that neither entity can achieve alone.
American consumers need cash, and the big financial institutions they once relied on have lost—and keep losing—their trust. It’s time for community financial institutions to step up!
Does your overdraft solution meet the needs of your account holders, your regulators, your staff and your board of directors? Make sure it offers these 5 critical features!
In your goal to become your account holders’ primary financial institution, are you doing everything you can to secure their loyalty?
Does your bank or credit union have the “Fear of Missing Out” on digital lending? You should! Here are the top reasons why you’re missing out!
In our digital world, the opportunities for cybercriminals to access confidential information, steal identities and misappropriate funds increases exponentially. Here are the top 5 measures you should take.
Industry articles, lawmakers and even financial institutions may not realize the positive economic impact that overdraft programs provide—not only to consumers, but to the economy at large.
If your bank or credit union is evaluating your deposit products and whether they’ve evolved with industry changes, learn why we recommend the power of three.
Are your employees presenting Reg. E options to your account holders in a way that is clear, consistent, compliant and objective?
American consumers differ dramatically in their income levels, deposit behavior, transactional activity and ability to repay. So why would you offer the same limit to all your account holders?
The war for deposits is fiercer than ever, but community financial institutions can win the battle for deposit share from their larger rivals.
Each new customer or member who enters your branch is a great opportunity. This visit may be the most time you ever spend with them, so make it count!
Financial institutions that manage overdraft with outdated programs cannot capitalize on the opportunity to improve service and compliance.
It’s always a good time to teach your front line staff how to sell strategically and with a renewed customer/member focus.
We’ve compiled the top 5 reasons why community financial institutions are not offering short-term loans, and why they should reconsider!
The proliferation of customer/member data and the ability to use it open up countless new service and revenue opportunities. But does your institution know how to put that data to work to boost service and performance levels?
View videos that focus on Velocity’s suite of solutions, client testimonials, and brief product demos.
Christopher Leonard explains why “Overdraft is Not Over” in a breakout session at CUInsight’s “Mini-Con” Lead event on February 16, 2022.
Christopher Leonard talks to CUTimes on the floor at CUNA GAC 2022 about the truth behind overdraft fees.
We’re lucky to have such an amazing group of clients that we can truly call partners. And they feel the same way about us! See our clients talk about the benefits of working with the Velocity team.
Watch the on-demand replay of this Webinar presented by Cornerstone Advisors and Velocity Solutions. You’ll learn what drives consumer engagement, what defines engagement and discover the Reacquisition Imperative.
This is the third segment of Velocity’s new video series: “Hear From Your Peers,” a quick interview with our bank and credit union clients, discussing their experiences during and post-COVID crisis. This video features Toni Lucky, CRO of Legend Bank.
This is the second segment of Velocity’s new video series: “Hear From Your Peers,” a quick interview with our bank and credit union clients, discussing their experiences during and post-COVID crisis. This video features Ryan Lycans, COO of Marine Federal Credit Union.
Introducing Velocity’s New Video Segment: “Hear From Your Peers,” a quick interview with some of our bank and credit union clients, discussing their experiences during and post-COVID crisis. Our debut video features Eileen Phelps, COO of the Credit Union of America.
Learn how Velocity’s unique Regulation E Outreach program works.
Learn more about CashPlease, our digital small-dollar, short-term consumer loan platform.
Learn more about Akouba’s digital lending technology for commercial and retail lending.