Resource Center

Overdraft is Now a Buzzword that Masks the Real Industry Issue: Consumer Liquidity

Read this article co-authored by Joel Schwartz, Founder and Co-Chief Executive Officer of DoubleCheck Solutions, and Christopher Leonard, Velocity CEO.

Overdraft Isn’t Over

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.

8 Probing Questions to Ask
a Prospective Small Business
Lending Partner

A Paradigm Shift: Digital Lending in the “New Normal”

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: Americans are Struggling and Community Financial Institutions Can Help

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!

The Need is Real for Affordable Short-Term, Small-Dollar Loans

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.

The Evolution of Overdraft – It’s not the Wild West Anymore!

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.

10 Considerations When Realigning Your Bank’s or Credit Union’s Overdraft Program

Is your financial institution considering a new overdraft program? Tim Barrett, Velocity DDA Strategist, outlines ten critical factors that should affect your decision.

Monitor These Data Points for Improved Bank and Credit Union Growth & Service

In order for community financial institutions to grow, they need to consistently monitor and measure critical account data points and modify their procedures accordingly.

Fintech & Financial Institutions: Friends, Not Foes

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.

Does Your Overdraft Management Program Offer These 5 Critical Features?

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!

Do You Own the Transactional Relationship with Your Account Holders?

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 Digital Lending FOMO? It should!

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!

A Data-Driven Overdraft Program Boosts Purchasing Power for Consumers, Businesses

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.

How do you create a competitive product lineup? Three is a magic number.

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.

Talking to Customers & Members About Reg. E Doesn’t Have to be Painful!

Are your employees presenting Reg. E options to your account holders in a way that is clear, consistent, compliant and objective?

Why Community Financial Institutions Need to Offer Dynamic Overdraft Limits

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?

Gaining Ground – How Community Financial Institutions Can Win the Battle for Deposits and Grow Revenue

The war for deposits is fiercer than ever, but community financial institutions can win the battle for deposit share from their larger rivals.

Capitalize on Overdrafts with a Consumer-Focused, Data-Driven Solution

Financial institutions that manage overdraft with outdated programs cannot capitalize on the opportunity to improve service and compliance.

5 Reasons Why You’re Not Offering Short-Term Loans. And Why You Should Reconsider.

We’ve compiled the top 5 reasons why community financial institutions are not offering short-term loans, and why they should reconsider!

Unlock the Value of Your Financial Institution’s Data

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?