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Nassau Financial’s mission is to improve the financial well-being of each member in the communities we serve, reflecting the credit union philosophy of "People helping people." To deliver on this mission, Nassau Financial continuously enhances its technology offerings to meet the evolving needs of its members. Implementing the best-in-class direct deposit switch capability was the next logical step to keep its digital banking experience ahead of the curve.
“After a competitive selection process, we have chosen to partner with Pinwheel to bring this groundbreaking feature to market for our members. Pinwheel’s PreMatch functionality delivers an elegantly frictionless experience, making direct deposit enrollment a seamless and simple transaction. We are thrilled to be able to make managing their financial lives even easier for our members with this technology.” said John T. Decelle, President & CEO of Nassau Financial.
Pinwheel Direct Deposit Switch is the only product available that covers 100% of the US workforce, enabling any US worker to move their direct deposit within seconds, regardless of whether they're a full-time employee, a gig worker, receiving unemployment benefits, SSI payments or some combination of these options. Pinwheel’s next generation conversion feature, Pinwheel PreMatch, has been proven to improve conversion rates among eligible users by as much as 2x.
Pinwheel announced its partnership with Jack Henry in January, which allows financial institutions on the Banno platform to go live with Pinwheel Deposit Switch in mere weeks.
Read more about Pinwheel’s partnership with Jack Henry announced in January here
