Credit Unions: Growing with Small Businesses Through Payments

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Presented by

Erika Baumann, Sr. Analyst, Aite Group; Al Griffin, Product Manager, Alacriti

About this talk

Businesses are becoming more aware of how to use payments as a market differentiator and subsequently recognizing when their financial institution is not able to help them keep up with the industry, particularly direct competitors. As part of this, payments are shifting not only from checks to electronic payments but from electronic payments to MORE electronic payments. In this Credit Union Times hosted webinar, Aite-Novarica Group and Alacriti discuss: - Recent Aite-Novarica corporate research on small business adoption of electronic and faster payments - How credit unions can gain market share by educating small business clients on how to use payments technology - The potential opportunity cost of not modernizing to keep up with market demand - Recommendations on what credit unions can do to optimize their electronic payments

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Alacriti is a leading financial technology company dedicated to helping financial institutions and businesses accelerate their digital payments transformation, all without requiring legacy system overhauls or replacement. Alacriti's Orbipay Unified Money Movement Services delivers solutions across the payments ecosystem. Whether it’s real-time payments, digital disbursements, or bill pay, our cloud-based platform enables banks and credit unions to quickly and seamlessly deliver modern digital payments and consistent money movement experiences.