VIP enables equipifi to integrate with Symitar’s Episys
equipifi, a fintech company providing credit unions and banks with a cloud-based, fully integrated white-label Buy Now, Pay Later (BNPL) solution for their members announced today that it has joined the Symitar Vendor Integration Program (VIP). Participation in the program will provide equipifi with access to Symitar’s technical resources to enable equipifi’s BNPL solution to integrate with Episys. The Vendor Integration Program is designed to help ensure that Symitar’s customers can easily deploy third-party products.
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equipifi integrates with Episys via SymXchange, a services-based programming interface that enables third-party vendors and credit unions to access the platform’s core data and business rules. The integrity of data is maintained throughout any data exchange because access to business rules and data is managed through a service layer that governs these interactions.
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Using equipifi, credit unions can send a BNPL offer via push notification or text message when an eligible member makes a purchase with their debit card. If the offer is accepted, the original purchase amount is deposited back into the member’s checking account. A new plan is created on the banking core and is available for the member to view and manage through their existing online banking portal. Eligibility is determined prior to the transaction, powered by a decision engine that sets real-time parameters for each member to ensure offers are within approved limits.
“equipifi will give credit unions the ability to compete directly and intelligently with the branded BNPL solutions currently targeting their members,” said Bryce Deeney, CEO of equipifi. “Our integration with Episys will enable credit unions to strengthen member relationships and increase brand loyalty by providing seamless integration of a white-label BNPL solution that members can manage within their existing credit union account.”
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