AltaOne FCU Launches Veep Software’s AnyTimePay Solution
70 pts · High·Finovate·11w ago · Aug 12, 13:40 UTC·1 min read
Upvote this story — the week's most-upvoted make the email digest
AltaOne Federal Credit Union has launched Veep Software’s AnyTimePay, an earned wage access solution that allows members to access their wages before payday. This rollout coincides with AltaOne FCU's strategic investment in Veep Software, signaling a deeper partnership between the two organizations.
Key takeaways
- ▸AltaOne FCU's AnyTimePay enables members to access wages prior to their scheduled payday, enhancing financial flexibility.
- ▸The launch reflects growing interest in earned wage access solutions among credit unions and financial institutions.
- ▸The strategic investment in Veep Software may lead to further product development and collaborative initiatives between the two organizations.
Why this matters
The introduction of AnyTimePay positions AltaOne FCU as a progressive player in the credit union space, catering to the rising demand for flexible pay solutions. This move could enhance member retention and attract new customers, while also increasing competitive pressure on traditional banks and other credit unions to offer similar services.
Entities
Products: AnyTimePay