Core product offering: DoubleCheck allows members of credit unions to control their NSF situation in real-time. While preserving a 100% of the credit unions NSF/overdraft income, DoubleCheck will enable members to choose which items (e.g., check, ACH), if any, they would like to ‘cover’ using a variety of payment sources all within the security and comfort of the credit union’s ecosystem. DoubleCheck creates a brand-new organic stream of non-interest income for credit unions; While at the same time reducing member attrition, increasing brand loyalty, and initiating real-time fraud prevention and reporting — all of this within a regulatory friendly, and compliant environment.
Value prop: Brand new revenue stream, Member service, increased compliance and fraud prevention
Company contact leading webinar: Joel Schwartz, CEO
Recognized as a forward-thinking financial executive, Joel Schwartz has more than 23 years of sales, global banking, marketing and management experience. Joel is an entrepreneur who founded the innovative and solution-based financial company, DoubleCheck™
Is the product current integrated to Tyfone, how?: Not yet, initial discussions started
Do you have any mutual customers with Tyfone today that are live? How many?: Not yet!
Is the product available for purchase as a feature on Tyfone contract?: In progress
What is a typical implementation timeline?: 60 days