PayForward delivers unique customer benefits for banks and credit unions.
When your members join PayForward, a portion of every rebate they earn by shopping at participating merchant partners can be automatically allocated to a reserved financial savings “purse” in their PayForward account.
Additionally, these earnings can be augmented through friends and family allocating portions of their own rebates and/or transferring funds directly to the member’s reserved purse.
Those accumulated funds can then be automatically swept into the customer’s financial accounts on established time intervals or amount thresholds. This solution makes it easier than ever for the customer to augment their banking and investment deposits including savings accounts, IRAs, Roth IRAs, mutual funds, etc.
The money transfer features of the PayForward platform can also streamline loan repayment processing for even greater efficiency and customer satisfaction.