CashBack+ adds banking category, boosts credit union members’ balances
For some credit-union members in the United States, a third balance appears alongside their debit and credit banking balances: CashBack+
Prizeout Launches New CashBack+ Program
According to the company, CashBack+ is a suite of products that lets credit union members earn instant cash back while they shop and lets credit unions grow their non-interest income by up to 3% on every member transaction
How Prizeout’s ‘Cashback+’ Enables Credit Unions to Offer Members Cash-back Products
Prizeout’s David Metz stopped by the show to share the big launch of their CashBack+ for credit unions — a new white-label solution that enables credit unions to offer members a suite of cash-back products. David added that Cashback+ essentially helps credit unions boost their non-interest income and offer new benefits to their members, so both parties greatly benefit.
CU 2.0 Podcast: Cashback+ the Debit Card Super Power
Today, Metz is talking about Cashback+, a white label tool that puts money back in a member’s pocket with a debit card transaction. Note that: this works with debit cards, unlike most cashback which rides on a credit card. And that debit focus works well for credit unions where many members make heavy use of debit cards and that is especially true of younger members.
Prizeout Expands CU Presence With Unique Debit Card Cash Back Offering
According to a 2023 Forbes Advisor Banking Survey, 57% of Americans use debit cards as their primary payment method; however, there aren’t as many rewards programs for debit cards as there are for credit cards. In fact, the only major credit card company to offer a 1% cash back debit card is Discover. This disconnect, in part, was the impetus for Prizeout’s new program, CashBack+.
Prizeout partners with credit unions to launch CashBack+
CashBack+, a new suite of cash back products gives credit unions the tools to compete with big banks, earn more non-interest income, and put money back into their members’ pockets
Prizeout Launches Cash-Back Products for Credit Unions
Prizeout has introduced a new white-label solution that enables credit unions to offer their members a suite of cash-back products.
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Press Release: Prizeout partners with credit unions to launch CashBack+
CashBack+, a new suite of cash back products gives credit unions the tools to compete with big banks, earn more non-interest income, and put money back into their members’ pockets.
How credit unions are speeding up merchant-funded rewards
As merchants seek alternatives to paying swipe fees associated with accepting credit cards, more are exploring incentives that are enabled by the shift to instant payments and open banking.