Trevor Hardie’s Post

View profile for Trevor Hardie, graphic

SOLUTIONS FOR NET GROWTH IN CHECKING

EXCLUSIVE WEBINAR!!! June 13, 2024 2:00 PM – 3:00 PM ET Overdraft & Consumer Liquidity: How to Put Fairness First Presented by Velocity CEO, and overdraft/compliance expert, Christopher Leonard The Consumer Liquidity Engine™ from Velocity Solutions makes fairness as easy as 1-2-3: Assigning each consumer a VelocityScore™ based on in-depth alternative data. Fairer and more inclusive than traditional credit scores. Using this score to set and adjust a dynamic short-term liquidity limit based on the consumer’s current ability to repay the funds. Fairer than giving everyone the same liquidity limit (Across our entire client base, the average payoff rate of negative balances is over 99.3%!*) Offering the option to access funds up to this limit via overdraft, a short-term CashPlease® loan or a combination of both. Fairer (and more flexible) than only giving one fixed option.   With Velocity Solutions, you can put fairness first by: ✓ Determining a consumer’s ability to repay ✓ Stopping overuse with a fees-to-deposits module ✓ Utilizing data to make overdraft fee refunding more consistent ✓ Providing interest-free repayment plans ✓ Offering a short-term loan option ✓ Stopping unfair NSF fees ✓ Protecting low-income consumers

Fairness First Campaign 2024 - Velocity Solutions

Fairness First Campaign 2024 - Velocity Solutions

https://myvelocity.com

To view or add a comment, sign in

Explore topics