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From the CEO
December 1, 2017

Dear Members:

Last month, I hinted that Corporate One would be unveiling a brand-new digital payments solution very soon. And if you tuned in to our Quarterly Fintech Update webinar on November 15, you got a sneak peek at what’s coming. Well, I’m excited to officially tell you that our next big venture into the world of digital payments includes offering our members a unified, open money-movement platform. Why is an open money-movement platform our next big venture? I’m glad you asked.

An Introduction to our Member-Friendly, Money-Movement Solutions

Dec. 6 | 3:00 – 4:00 p.m. ET

One of the biggest trends in the financial industry this year has been the continual evolution of consumers’ payment preferences. Two of the biggest factors that have driven this evolution include the industry’s ongoing movement to faster/immediate payments and the impact Fintech providers have created on frictionless payment experiences, such as person-to-person (P2P) payments. As increased pressure from Fintech providers and GAFA (Google, Amazon, Facebook, Apple) organizations continues to drive disruption in the financial industry, consumers’ attention has been captured by all things mobile/digital.

The value an open money-movement platform provides is that it eliminates the frustration many credit unions face right now in accessing new financial technology and providing next-generation digital services to members due to dated technology platforms or those that prove difficult to integrate. An open, unified, digital payments platform eliminates the “spider webbing” of separate platforms and the headaches of solving for integration with each new payment service added. With a streamlined, extensive, open-architecture payments platform, credit unions will be able to unify all of their digital payment services (and those they would like to offer), such as account-to-account (A2A) transfers and person-to-person (P2P) payments, into a single model. This means that not only will you be able to enhance the user experience and create simplicity for your members, but you will also receive greater control of your credit union’s digital-solution opportunities both now and in the future.

Credit unions must stay competitive by undergoing their own digital transformation, and we are committed to helping our members with that transformation by bringing you solutions that better leverage digital technologies and the opportunities those technologies represent. All the details will be unveiled in a live webinar on December 6, and I hope you will join us. I’m excited about all the ways our new partnership can help your credit union succeed and compete in the rapidly evolving financial marketplace.

Lee C. Butke