Latest news with #equipifi
Yahoo
04-06-2025
- Business
- Yahoo
Sunward Launches Buy Now, Pay Later Feature to Members, First in New Mexico
Members now get more funds to pay for eligible purchases over time ALBUQUERQUE, N.M., June 4, 2025 /PRNewswire/ -- As more people look to credit unions they know and trust to help navigate their financial needs, Sunward Federal Credit Union (Sunward) announced today that it has added Buy Now, Pay Later (BNPL) to its suite of online banking products in an effort to meet members' shifting payment preferences. Serving over 165,000 members across 16 locations across the Southwest and in California, Sunward is the first New Mexico-based credit union to launch BNPL for its members. This new solution is designed to help Sunward members better manage their budget and access funds to make the purchases they need. Launched in partnership with equipifi, a leading BNPL platform designed for financial institutions, this BNPL program is available to Sunward members through their existing credit union debit cards and checking accounts, embedded within online banking. All offers are pre-qualified and personalized to the member's financial context, ensuring the process is easy and intuitive. "We build our offerings to meet our members where they are and to provide them with an excellent banking experience," said Alex de la Cruz, Executive Vice President at Sunward. "With the launch of BNPL, we are elevating our service offerings with financing options personalized to fit how our members actually live and bank." "BNPL is a must-have tool for consumers to stretch their budget and to achieve their long-term financial goals. For years, they have been asking for it from their trusted financial institutions," said Bryce Deeney, CEO and co-founder of equipifi. "Credit unions have been quick to respond with the solution their members need. By launching flexible payment options, Sunward is committing to a better banking experience for their membership." About Sunward Federal Credit Union Sunward Federal Credit Union is one of New Mexico's largest credit unions, serving over 165,000 members and managing more than $4.2 billion in assets. Formed in 1948 by employees of Sandia National Laboratories, Sunward's footprint spans 16 branches across the Southwest including New Mexico, Colorado and California. Sunward has been named Albuquerque's Best Bank in 2024 by the Albuquerque Journal's Readers' Choice Awards. Anyone can apply to open an account, and members can enjoy access to checking, savings, mortgage, auto, credit card and investment services. Federally insured by NCUA. Equal Housing Lender. For more information, visit About equipifi equipifi is the leading Buy Now, Pay Later (BNPL) platform for financial institutions in the United States. This is a white label solution designed to align with consumer purchase habits, payment preferences, and financial goals. The equipifi platform seamlessly integrates with leading banking cores and digital banking platforms to deepen customer engagement, grow market share, increase revenue, and provide a single place to view, accept, and manage BNPL plans on their existing banking app. For more information, please visit View original content to download multimedia: SOURCE equipifi
Yahoo
20-05-2025
- Business
- Yahoo
Apple Federal Credit Union Partners with equipifi to Launch PayAdvantage, First in Virginia
Virginia credit union invests in greater financial flexibility and an effortless banking experience by offering Buy Now, Pay Later to members for their debit card purchases FAIRFAX, Va., May 20, 2025 /PRNewswire/ -- Apple Federal Credit Union (Apple FCU), a financial institution with over $5.3 billion in assets and serving nearly 270,000 members in Northern Virginia, announced that it has added a Buy Now, Pay Later (BNPL) type solution to its suite of online banking products. Branded PayAdvantage, the offering reflects the post-purchase finance nature of its installment options. Apple FCU selected equipifi, a leading BNPL platform designed for financial institutions, to power its solution, and is the first credit union in Virginia to make this service available. Now, whenever Apple FCU members make eligible purchases on their existing credit union debit card, they will be able to split the payments for these transactions over time. Through equipifi, Apple FCU's PayAdvantage program generates personalized offers to each member's financial context and goals, meeting them where they are with timely access to extra funds. Members will be able to view and accept their PayAdvantage offers in their digital banking experience, and receive the funds in their checking account, typically in moments. "Flexible financing should be intuitive and effortless, and it's our role as a trusted financial institution to provide a prompt and caring solution to our members," said John Ritchey, Senior Vice President of Lending at Apple FCU. "Partnering with equipifi, our in-house program generates pre-qualified loans tailored for individuals, taking the waiting and uncertainty out of the financing process." "BNPL is a must-have tool for consumers to stretch their budget and to achieve their long-term financial goals. For years, they have been asking for it from their trusted financial institutions," said Bryce Deeney, CEO and co-founder of equipifi. "Credit unions have been quick to respond with the solution their members need. By launching flexible payment options, Apple Federal Credit Union is committing to a better banking experience for their membership." Apple FCU joins many credit unions that are first to launch such a solution in their home state. Over sixty credit unions have launched their own BNPL product to their members. equipifi's data shows that over 81 percent of members continue to use BNPL in year two, with overall usage increasing by 38 percent. In the United States, BNPL is projected to grow at a compounded annual rate of 25.5 percent between 2022-2026. About Apple Federal Credit Union Established in 1956, Apple FCU is ranked as a top 100 credit union nationwide, serving nearly 270,000 members with $5.3 billion in assets. As a not-for-profit, member-owned institution, Apple serves a diverse community of local education systems and anyone who lives/works in Fairfax, Frederick and Prince William counties in Virginia. Members receive fair and honest products and services at competitive rates in a trusted environment. Apple is committed to making a positive impact locally, not only in financial services, but also in community involvement, financial literacy and charitable giving. Learn more at Federally insured by NCUA. Equal Housing Lender. About equipifi equipifi is the leading Buy Now, Pay Later (BNPL) platform for financial institutions in the United States. This is a white label solution designed to align with consumer purchase habits, payment preferences, and financial goals. The equipifi platform seamlessly integrates with leading banking cores and digital banking platforms to deepen customer engagement, grow market share, increase revenue, and provide a single place to view, accept, and manage BNPL plans on their existing banking app. For more information, please visit View original content to download multimedia: SOURCE equipifi
