Comprehensive services to drive meaningful growth for banks and credit unions
Sioux Falls, South Dakota, May 16, 2024–(BUSINESS WIRE)–Password®, NA, one of the nation's leading financial empowerment companies, today announced the expansion and transformation of its suite of services for financial institutions.Previously known for offering prepaid cards to banks and credit unions, Pathward's new Solutions for financial institutions Expanding options for commercial financing solutions and merchant services.
Pathward Solutions for Financial Institutions provides financial institutions with an enhanced turnkey product lineup that eliminates the need for multiple third parties. With a transformed suite of services, small and medium-sized banks and credit unions no longer need to use in-house resources to build and operate these capabilities on their own. Plus, you get consistent support from Pathward for marketing, training, and technology tools.
“Password develops financial solutions to help banks and credit unions expand their banking and lending solutions to better serve their communities,” said Brittany Kelly, Password's vice president of financial solutions. I'm excited to be able to do it.” “From competitors to technology, community financial institutions face challenges in an ever-evolving financial ecosystem, and Pathward's suite of solutions helps them deepen their relationships with customers. It becomes easier.”
Financial Institution Solutions is built on Pathward's leading solutions and relationships based on strong compliance standards, offering a variety of products that help community banks and credit unions meet the unique needs of their customers. Masu. This new era in Pathward's product suite builds on existing prepaid-focused offerings for financial institutions, including gift cards and reloadable cards. Pathward also brings forward-thinking opportunities for banks and credit unions, including:
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Commercial finance solutions: Today's businesses require unique and flexible financial products to maximize cash flow and grow their operations. When business customers don't qualify for traditional financing or products aren't available, Password offers a variety of options, including asset-based financing and Small Business Administration financing.
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Seller service: Pathward's Merchant Services Program enables community banks and credit unions to provide merchant processing services to their business customers, eliminating the challenges and responsibilities associated with managing an independent program.
“We are proud to continue Password's work to help financial institutions grow and succeed in an increasingly competitive market,” said Will Sowell, President of Banking as a Service at Password. says. “Financial Institutions Solutions expands our ability to serve as a growth facilitator for banks and credit unions, helping to better meet the needs of these institutions as we pave the way for a new era of support for our customers. We plan to continue evolving Password's suite of products for financial institutions and look forward to driving their future growth. ”
To learn more about Pathward's financial institution solutions, visit https://www.pathward.com/banking/financial-institution-solutions/.
About password®
password®, NA is a national bank and a subsidiary of Pathward Financial, Inc. (NASDAQ: CASH). Pathward is a US-based financial empowerment company with a mission to advance financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. Strategic Business Lines provides end-to-end support for individuals and businesses. For more information, please visit Pathward.com.
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