Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: CHUCK™ is an open payment hub designed to serve the needs of community banks, credit unions, and fintech startups that are below the scale of the top banks. CHUCK™ provides a way for these institutions to participate in the payment revolution in a differentiated, cost-effective way.

CHUCK™ is an open network. While most payment networks require the sender and the receiver to be on the same network, CHUCK allows the receiver to choose where the money goes, whether a debit card, checking account, Venmo/Paypal and now gift cards via Prizeout.

How they describe their product/innovation: We are launching Social Money, a platform designed for FIs to create a new emotion for their customers: delight. Social Money is a gifting platform in partnership with Prizeout that sits right inside existing mobile and online banking experience. Friend having a bad day? Input their phone number and send a gift card to their favorite coffee shop with a note saying “see you latte.” Better yet, merchants will top up your gift by as much as 20%! Social Money enables financial institutions to deepen the bonds with their customers by embracing the emotional.

Product distribution strategy: Through financial institutions, Through other fintech companies and platforms

Contacts:

Bus. Dev.: Emmett Shipman (VP of Development), emmett@alloylabs.com
Press: Jason Henrichs (CEO), jason@alloylabs.com