Game-changing solutions create efficiencies, generate loans and
revenue
NEW ORLEANS–(BUSINESS WIRE)–#CUPreferred–NAFCU Services is proud to announce the winners of our 2019 Innovation
Awards: LendKey, Mastercard, and Q2. Our Innovation Awards recognize
groundbreaking solutions that help credit unions thrive and compete in a
complex marketplace, and winners are selected by an independent,
third-party panel of judges. Innovation Awards are open exclusively to
NAFCU Services Preferred Partners.
“Every year, the applications for NAFCU Services Innovation Awards
become even more impressive, and I know our judges have a hard time
choosing just three winners,” NAFCU Services President Randy Salser
says. “The field of game-changing solutions for credit unions is truly
fascinating. Congratulations to our three winners for rising to the top!”
The 2019 award-winning solutions are:
LendKey’s Student Lending Platform
LendKey’s custom, credit decisioning API and additional core product
releases enable improved analytics to enhance borrower credit
decisioning and permit more types of borrowers to fund their student
loans through partner lenders. As credit unions work to remain
competitive in the digital banking realm, LendKey is providing quick,
cost-efficient digital lending solutions for credit unions of all sizes
to enable student and home improvement loans.
Mastercard Pay with Rewards
Mastercard’s new rewards option helps credit unions bolster card usage,
driving spend and engagement by allowing cardholders to make purchases
anywhere with rewards points. The card brand also rolled out new APIs in
the Mastercard Developer Zone to open up client access to the solution
and data. The program is a flexible, cost-effective method for executing
point-of-sale reward programs with no impact on the processes or
technology used by merchants or acquirers. Card issuers can configure
program rules to guide behavior that optimizes their portfolio’s
potential.
Q2 Gro
Q2 Gro drives growth for credit unions across every channel of business
by helping them create better experiences for members at each stage of
their financial journey. It specializes in mobile-first member
acquisition, including account opening in just four minutes, providing
large-scale marketing tactics without corresponding resource consumption
for smaller credit unions, serving business members, ID scanning for
quick data extraction, and more. Q2 Gro activates new digital growth
engines as consumers increasingly move toward digital and mobile
channels.
The independent panel of judges for NAFCU Services’ 2019 Innovation
Awards includes Farmers Insurance Federal Credit Union Chief Operating
Officer Kathy Chicas, CUbroadcast Creator and Host Mike Lawson, Coastal
Federal Credit Union Chief Member Service Officer and Senior Vice
President Jim Pack, CUinsight Co-Founder and Publisher Randy Smith, and
Cobalt Credit Union Chief Communications Officer Sharon Stahr.
About NAFCU Services Corporation
NAFCU Services is a wholly-owned subsidiary of the National Association
of Federally-Insured Credit Unions (NAFCU). They connect
forward-thinking credit unions to the best business partners. NAFCU
Services’ Preferred Partners have supported credit union success in
technology, security, risk management, and many other areas of business
for more than 40 years. Companies go through a rigorous vetting process
before becoming a Preferred Partner, so credit union leaders know the
solutions are trustworthy. For more information, visit nafcu.org/nafcuservices and
connect on Twitter @NAFCUServices.
Contacts
Media Contact:
Paul Timm
Vice President,
Marketing
703-842-2210
[email protected]
