How Pay-by-Bank Can Unlock New Revenue Streams for Banks Through Lending at the Point of Sale

Podcast

How Pay-by-Bank Can Unlock New Revenue Streams for Banks Through Lending at the Point of Sale

Brought to you by: LocalPay

Episode Summary

By integrating Pay-by-Bank with lending accounts, Banks—especially community and regional institutions—can unlock new revenue streams and compete more effectively in payments.
For decades, big Banks and Card Networks have controlled consumer payments. Pay-by-Bank is changing the game with cutting-edge technology that is easy for Banks to implement. Seamlessly integrated into a Bank’s digital core, it provides effortless access to lending and deposit accounts—unlocking new opportunities in payments

Speakers:

Kent J Yan, Founder and CEO, Local
Lottie Watts, Sr. Director, ABA

Sponsor

LocalPay

LocalPay provides Community Banks with a patented Pay-by-Bank solution that allows Consumers to pay local Merchants directly from their bank accounts without any intermediaries. Merchants are directly connected with paying banks through seamless integration in the FIS, Fiserv, and Jack Henry banking cores to achieve much lower transaction fees with real-time capable settlement and greater Consumer Rewards. LocalPay puts Community Banks at the center of their local economies to increase their Revenue, Deposits, and Consumer lending.