Velocity Solutions offers comprehensive solutions designed to help your credit union:
- Deepen existing member relationships
- Drive new accounts
- Increase non-interest income
- Manage overdraft services
About Velocity Solutions, Inc.
Velocity Solutions® is the leading provider of revenue enhancement solutions to regional and community banks and credit unions. Founded in 1995 and servicing the transaction accounts of over 25 million consumers and business owners, Velocity has unparalleled expertise and insight into deposit account activity and transactional trends. Our unique approach is 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
Products and Services
Generate a new revenue stream by offering your members premium services and benefits for which they gladly will pay: bonus rewards, cash back, roadside assistance and even short-term loans.
Flexible for Any Financial Institution
One of the most attractive aspects of tying card-level perks and benefits to the checking account is the fact that you already have a trusted relationship with your members. Recognizing the value of your existing member base, this program can be adapted to meet the needs of your credit union.
- Multiple tiered card levels can be implemented
- Various perks and benefits appeal to different lifestyle and regional preferences
- Trusted relationship under your brand
With this program, your members can choose to upgrade to the My Rewards™ Platinum or Gold Debit card, and your business account members can select the new Business Platinum Debit Card, that provides additional benefits tailored to small business professionals, such as hotel & car rental discounts, $100,000 travel accident insurance, 24x7 remote tech support and more.
Velocity offers overdraft solutions for credit unions of all sizes, budgets and technical resources. The benefits of implementing one of Velocity’s Overdraft Management solutions:
- Minimal Resources Needed. Our solutions are established and efficient, requiring limited time and resources from our clients.
- Budget Considerations.
- Compliance. With our team of compliance and legal experts, our programs are guaranteed to be risk-free from a compliance standpoint.
Intelligent Limit System®
Our Intelligent Limit System® provides your credit union with automated tools and technology to manage overdraft services, while satisfying regulatory guidelines.
Our ODM Guardian solution is one of the industry’s only overdraft management system that detects and mitigates risk, while helping your credit union better manage communications with your members.
Both solutions include software to streamline daily tasks and provides a centralized solution for compliance tracking and reporting, and each overdraft program is customized to meet your credit union's needs. Whether you have a program in place or wish to launch a new service, Velocity Solutions provides the design, implementation and compliance expertise.