Payments/Credit/Debit

The agreement marks fintech company Félix's first partnership with a U.S. credit union.

The program integrates credit card transactions with other CashBack+ rewards.

The solution utilizes debit rails, allowing members to move funds instantly and CUs to capture more deposits.

Through nearly 150 RTP and FedNow connections, the corporate now enables 117 CUs to send and receive immediate payments across multiple core systems.

Payments CUSO finds the fastest growth is among the young, but the bulk of spending rests with those 37 to 61.

Fed data shows credit union balances rising slightly faster than inflation in December, and banks show a similar gain.