Credit union meets members’ financial flexibility needs with instant access to extra funds while helping them stay within their budget
Cornerstone Financial Credit Union (Cornerstone) announced that it has added Buy Now, Pay Later (BNPL) to its online banking to provide members with on-the-go access to instant funds and extra flexibility. With over $627 million in assets and serving over 48,000 members, Cornerstone is the first credit union to launch BNPL in Tennessee.
Cornerstone is the first credit union to launch BNPL in Tennessee, and has selected equipifi to power its solution
Cornerstone announced that it has added Buy Now, Pay Later (BNPL) to its online banking to provide members with on-the-go access to instant funds and extra flexibility. With this launch, Cornerstone will extend personalized, pre-qualified BNPL offers to members in its digital banking experience.
Financial Technology Insights: Froda and Lunar Bring Embedded Lending Partnership to Swedens SMEs
Cornerstone has selected equipifi, a leading BNPL platform designed for financial institutions, to power its solution. With this launch, Cornerstone will extend personalized, pre-qualified BNPL offers to members in its digital banking experience. Cornerstone’s BNPL program includes both a pre-purchase feature that gives members access to extra funds prior to shopping, and a post purchase feature that converts eligible debit card transactions into installment loans.
Financial Technology Insights: TwentyOneVC Launches Crypto Arbitrage Service to Improve Market Efficiency
“Our mission is to deliver competitive offerings and exceptional services to our members, and that means providing them with financial flexibility when they need it,” said Donna Young, President of Cornerstone. “Launching BNPL with equipifi helps us meet our members where they are, and show our commitment to their entire financial lifetime.”
Financial Technology Insights: Two-Thirds of Firms Lack Employee Crypto Trading Policies
“Buy Now, Pay Later is a service that consumers need and want to receive from their financial institution,” said Bryce Deeney, CEO and co-founder of equipifi. “By launching BNPL, Cornerstone Financial Credit Union is providing their members with an elevated banking experience where they can be there for every important financial moment.”
Source: GlobeNewswire
To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com