NEW YORK– Prizeout, an adtech that and financial technology company that says it helps put money back into people’s pockets, has launched CashBack+, a white label solution for credit unions and their members.
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.
‘Excited’ About Partnership
“I am incredibly excited about this partnership. While purchasing power is getting squeezed across the board due to the current economic environment, credit unions now have the technology to help their members combat inflation and put more money in their pockets,” said David Metz, founder and CEO of Prizeout. “In addition, CashBack+ is a tool for credit unions to grow their non-interest income, at a time when interchange rates have come under increasing pressure.”
How it Works
According to Prizeout, it works this way:
- For Credit Unions: “Prizeout’s technology integrates directly with credit unions' online banking and core system providers for a seamless, white-labeled experience. CashBack+ creates a new stream of non-interest income for credit unions by offering up to 3% on every member transaction, going above and beyond interchange fees. With new offers and brands joining all the time, CashBack+ also provides credit unions with ongoing reasons to communicate with their members and new ways for members to engage with their digital platform.”
- For Members: “When credit union members log in to their online banking application, they are presented with the option to purchase digital gift cards with cash back offers from an online marketplace of more than 450+ national brands and access to 1,000s of local brands. The cash back is instantly deposited directly into their CashBack+ Balance where it can be used to purchase another gift card or transferred back into their bank account.”
- For Brands: “CashBack+ is a zero-risk customer acquisition tool for brands. By partnering with CashBack+, brands are able to more effectively target and only pay for the users they want, unlike traditional advertising technology options that charge for impressions and clicks,” the company said.
According to Prizeout, the platform will soon include a full suite of products that can earn members additional cash back.
It’s Still Your Very Best Deal in Daily News. But Only if You Like Free.
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?