![\"\"](\"http:\/\/www.ncultheaffiliate.com\/wp-content\/uploads\/2015\/03\/alloya-corporate-federal-credit-union-85266947.jpg\")
Neural Payments and Prizeout, showcasing the power of cooperation, a core value of the credit union movement.<\/p>\n[et_pb_section fb_built=”1″ _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”1px|||||”][et_pb_row _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_column type=”4_4″ _builder_version=”4.9.4″ _module_preset=”default”][et_pb_text _builder_version=”4.9.4″ _module_preset=”default”]<\/p>\n
Naperville, Ill. (March 26, 2024) \u2013 In a vote by credit unions, Alloya\u2019s new peer-to-peer (P2P) payment solution was recently named the winner of the \u201cInnovations in Payments\u201d award as part of the annual Innovation Series presented by CreditUnions.com and Callahan & Associates. Competing alongside three other finalists in the payments category,<\/p>\n
Alloya\u2019s P2P innovation was developed in partnership with two fintech companies, Neural Payments and Prizeout, showcasing the power of cooperation, a core value of the credit union movement.<\/p>\n
\u201cIt was an honor to present this innovative P2P solution on behalf of Alloya and our partners at Neural Payments and Prizeout,\u201d reflected Jim Schneck, Chief Strategy & Innovation Officer at Alloya Corporate FCU. \u201cTogether, we have created a truly innovative P2P solution that supports the success of not only credit unions, but also the satisfaction of their members and the friends and family of their members.\u201d<\/p>\n
Mick Oppy, CEO of Neural Payments, reiterated the uniqueness of his company\u2019s solution, saying, \u201cBy leveraging our payments engine for P2P, Alloya\u2019s credit unions can recapture deposits, grow their markets, enhance security, and boost loyalty and brand awareness while delivering a white-labeled experience that frees members from having to coordinate third-party P2P apps with payment recipients. It is a game changer for consumers and credit unions alike.\u201d<\/p>\n
In recent years, Alloya has piloted a variety of P2P solutions in search of one that would deliver exceptional value at an affordable cost while enhancing the credit union\u2019s relationship with its members and reducing the likelihood of fraud. Schneck was instrumental in identifying Neural Payments as the ideal solution for Alloya\u2019s credit union members and later developing a relationship with the Neural Payments leadership team. In his search for a P2P solution, Jim also identified Prizeout and saw opportunity there, too.<\/p>\n
\u201cAt Prizeout, we are all about disruption and empowerment. Our products help credit unions stay innovative and earn more non-interest income, while simultaneously helping members stretch their dollar further,\u201d said Founder and CEO of Prizeout, David Metz. \u201cWorking with Alloya on their P2P offering has been a fantastic experience and we\u2019re thrilled to be part of a solution with Neural Payments that can help credit unions stay competitive and help people increase their purchasing power, while simultaneously helping members put money back into their pockets.\u201d<\/p>\n
Reflecting on the integration of Neural Payments and Prizeout, Schneck concluded, \u201cIndependently, these solutions are entirely unique, but together, their value becomes unmatched. There\u2019s nothing else like this in the industry, and Alloya is honored to be delivering that to our credit union members.\u201d<\/p>\n
For the past six years, the Innovation Series from CreditUnions.com and Callahan & Associates has been at the forefront of showcasing cutting-edge solutions to elevate credit unions to new heights. This year\u2019s series featured five categories: member analytics, fraud, lending, member experience and payments. A select group of suppliers were chosen as finalists within each category, with the opportunity to pitch their innovative solution in 10 minutes to an audience of credit union decision-makers. Winners were selected by attendees of each webinar. In the payments category, Alloya competed against CU NextGen, SpenDebt and Tyfone, Inc. in a webinar held Wednesday, March 13, 2024. Winners of the other categories include: Datava for \u201cInnovations in Member Analytics\u201d; Illuma for \u201cInnovations in Fraud\u201d; Open Lending for \u201cInnovations in Lending\u201d; and Glia for \u201cInnovations in Member Experience\u201d.<\/p>\n
To learn more about Alloya\u2019s P2P payment innovation, visit www.alloyacorp.org\/P2P-simplified<\/a>.<\/p>\n About Alloya Corporate Federal Credit Union<\/em> About Neural Payments<\/em> About Prizeout<\/em> ###<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n ","protected":false},"excerpt":{"rendered":" [et_pb_section fb_built=”1″ _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”1px|||||”][et_pb_row _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_column type=”4_4″ _builder_version=”4.9.4″ _module_preset=”default”][et_pb_text _builder_version=”4.9.4″ _module_preset=”default”] Naperville, Ill. (March 26, 2024) \u2013 In a vote by credit unions, Alloya\u2019s new peer-to-peer (P2P) payment solution was recently named the winner of the \u201cInnovations in Payments\u201d award as part of the annual Innovation Series presented by CreditUnions.com and Callahan & […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/5075"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5075"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/5075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Alloya provides cooperative financial services to 1,400 member credit unions and credit union entities nationally. Together, the member-owners of Alloya wield aggregated power to gain access to affordable, comprehensive products and services \u2013 including payments, liquidity, investments and member solutions \u2013 to give each credit union a strategic advantage in the marketplace. The team of 200 professionals at Alloya view themselves as an extension of the credit unions they serve, ensuring that each credit union\u2019s best interest is always at heart. In addition to the support Alloya provides its membership, the corporate supports multiple credit union leagues and associations throughout the country and gives back to local communities nationwide through charitable donations. Visit www.alloyacorp.org<\/a> to learn more.<\/p>\n
Neural Payments was created to assist Financial Institutions in adopting change at or ahead of market pace. Leveraging experience working with banks, credit unions, and payment processors on a global scale, Neural Payments will make a difference in connecting institutions to the latest technologies and trends.<\/p>\n
Prizeout is an advertising and financial technology company that helps put money back into people\u2019s pockets. Through Prizeout\u2019s technology, brand-funded offers are available to all partners, including financial institutions, gaming companies, gig economy startups, and more, giving them access to instant cash back from national and local brands when they shop with digital gift cards. The company was founded in 2019 and is headquartered in New York City. For more information about Prizeout, please visit www.prizeout.com<\/a>.<\/p>\n