FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–#FutureofOvedraft–Velocity Solutions CEO Christopher Leonard will present a webinar on the Future of Overdraft, hosted by NAFCU services on July 12, 2022, at 2:00 PM Eastern Daylight Time. Velocity Solutions has maintained a Preferred Partnership with NAFCU Services since June 2015, and was selected as a winner of the NAFCU Services 2021 Innovation Awards for its Account Revenue Solution®.
In the July 12 webinar, Leonard will discuss how overdraft services will always play a fundamental role in consumers’ lives given the immediate liquidity it affords them. The question is how to provide these services responsibly, compliantly, and most importantly: how to best offer the right liquidity options for consumers—and ensure they have the ability to repay the overdrawn balance as well as the ability to afford the fees. Specifically, Leonard will:
- Discuss the latest regulatory thinking on the topic
- Dispel the myths covered in the big headlines
- Share actionable strategies for providing short-term liquidity so everybody wins: the regulators, credit unions and their members
“We have the utmost respect for the entire NAFCU organization,” said Christopher Leonard, CEO of Velocity Solutions. “They have been a stalwart supporter of Velocity, and have provided us with a trusted forum to convey educational messages and innovative solutions to their credit union members. While our company is built on providing technology solutions to financial institutions, compliance drives everything we do given my background as an attorney with over 20 years of experience in consumer financial regulation. Our team has hundreds of years of combined experience working directly with community banks and credit unions, and we’ve witnessed firsthand almost every type of short-term liquidity strategy and fee structure. This webinar was designed to provide helpful guidance to credit unions across the country on how to deal with challenges in the current overdraft environment.”
Registration for the July 12, 2022 Future of Overdraft webinar is now open on NAFCU Services’ website, and is reserved exclusively for credit unions.
About Velocity Solutions, LLC
Founded in 1995 and servicing the transaction accounts of over 30 million consumers and business owners, Velocity Solutions is the leading provider of technology solutions that drive revenue, service and compliance for community banks and credit unions. Our Velocity Intelligent Platform® powers all of Velocity’s solutions, using machine-led intelligence that delivers powerful analytics, manages risk, and drives revenue, loans, account holder engagement and non-interest income to our client financial institutions. For more information, please visit myvelocity.com.
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