How IncumbentFI’s SaaS Debit Gateway Empowers Financial Institutions

IncumbentFI’s SaaS debit gateway empowers financial institutions to modernize their existing debit programs without replacing your core, debit processor or digital banking platform. The result: a truly modern debit experience that drives revenue growth, improves customer experience and helps you compete and win against Neobanks, Fintechs and National Banks!

Picture this: Your customer or member approaches the checkout at Home Depot with a cartload of bathroom renovation supplies, but they’re concerned about having enough money in their checking account to cover the expense. They use your institution’s debit card for the $500 transaction, and immediately receive a notification—the funds were pulled from their HELOC, instead of checking. They had previously linked their HELOC to their debit card with a simple rule: use it for home improvement purchases over $300.

The win: You provided your debit card user with a more cost effective financial option at a time of need, while also increasing utilization of your HELOC and driving debit Interchange revenues.

Now, let’s get even more innovative. Imagine your customer or member is buying a new iPad online and wants to use their cryptocurrency—but the retailer doesn't accept crypto. No problem. They've linked their digital wallet to your institution's debit card. They select crypto as their funding source and complete the purchase in US dollars using your debit card. The retailer sees a standard debit transaction. Behind the scenes, the digital custodian converts the crypto to USD and settles with your institution as usual.

The win:  With an innovative capability, you have seamlessly enabled your customer or member to use their digital asset for an everyday purchase, without the retailer needing to have unique acceptance solutions.  Meanwhile, your institution drove new debit Interchange revenues that otherwise would have never been on your debit rails. 

These are just a couple of examples of how IFI empowers your financial institution to:

• Enhance the customer/member experience through greater control, personalization and flexibility

• Drive new revenue using existing products with no new operational burden or compliance layer

• Enable dynamic funding from multiple accounts, giving customers and members real choice in how they pay

And implementation is refreshingly simple – we do the heavy lifting, so you can focus on creating better user experiences. Modernizing your debit program doesn’t have to mean overhauling your systems. It starts with an innovative gateway.