Press Release

Current Partners with ClickSWITCH Utilizing the ClickSWITCH API to Deliver a Digital Direct Deposit Switch Experience

MINNEAPOLIS, MINN. (July 15, 2019) ClickSWITCH, a turn-key solution that automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, today announced that Current has chosen ClickSWITCH to power its digital direct deposits switch capabilities utilizing the ClickSWITCH API.

 

Current is a bank built for modern life with an app for iOS and Android along with a Visa® Debit Card that offers a top-rate banking experience, without any minimum balance requirement, overdraft or other hidden fees. By using the ClickSWITCH API, Current was able to build and design a customized user experience to fit the unique needs of their users. Current Account Holders can now easily switch direct deposits to their checking account.

“One of Current’s most popular features is Early Direct Deposits, which give people access to their paychecks up to 2 days early,” said Stuart Sopp, Founder and CEO of Current. “For most Americans, changing where their paychecks are deposited is the best measure of truly switching banks. By partnering with ClickSWITCH, we’re able to make that process far more seamless and offer a better customer experience for our account holders – which is always our top priority at Current.”

 

“We are excited to be providing direct deposit technology to Current’s banking solution,” said Cale Johnston, Founder and CEO of ClickSWITCH. “Current is on the leading edge of an industry that is evolving at a rapid pace. They are adding new users at a very impressive rate, and we believe our solution will increase user adoption for their growing platform.”

 

About ClickSWITCH


ClickSWITCH is an automated account switching solution for financial institutions and fintechs that simplifies the process of bringing new account holders onboard by quickly, safely and efficiently switching direct deposits and automatic payments from old accounts to new ones. The company enables clients to drive deposit growth, increase primary account holders and expand cross-selling opportunities. ClickSWITCH is a technology leader delivering world-class solutions to financial institutions of all sizes. For more information, visit www.ClickSWITCH.com.

 

About Current

Launched in 2016, Current is a bank built for modern life, with over 400,000 active accounts. Current’s mission is to offer a complete financial platform that gives everyone access to first-rate banking services, regardless of their income or age. Unlike traditional banks, Current is building financial products and tools for everyday Americans that reflect the changing nature of family and work, with benefits such as access to direct deposit paychecks up to two days early - critical to the majority of Americans who live paycheck-to-paycheck - as well as a Teen Checking Account, which gives young Americans better tools to spend and save their money. For more information, visit www.Current.com.

Fintech Leader ClickSWITCH Secures $13 Million in Series B Funding, Accelerating Growth

ClickSWITCH, a turn-key solution that simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, announced today that it has raised $13 million in Series B financing. The funding was led by Commerce Ventures and Point72 Ventures.

Old Point Makes it Easier to Switch Banks in Hampton Roads, VA.

HAMPTON, Va., Feb. 7, 2019 /PRNewswire/ -- Old Point National Bank has selected both Digital Onboarding Inc. and ClickSWITCH, LLC to make it easier for people to switch their banking relationships to Old Point. Digital Onboarding, Inc. is a SaaS technology company that provides a fully automated new account activation platform and ClickSWITCH is an award-winning technology that provides a secure digital solution for switching direct deposits and recurring payments.

Minnesota FinTech Company ClickSWITCH Raises $3.5M in Series A Financing

Minnesota FinTech Company ClickSWITCH Raises $3.5M in Series A Financing

ClickSWITCH completed $3.5 million in Series A venture. The investment round was led by Commerce Ventures, a leading early-stage, FinTech-focused firm, Betsy Cohen, founder of The Bancorp, Inc., Daniel Cohen, Chairman of The Bancorp, Inc. and Pete Kight, founder and former CEO of CheckFree Corp.

ClickSWITCH Expands Executive Team with Two New Hires to Sustain Rapid Growth

ClickSWITCH Expands Executive Team with Two New Hires to Sustain Rapid Growth

ClickSWITCH has hired Christopher Leckrone as Chief Compliance Officer and Marjorie Smith as Director of Project Management. These additions were hired to drive ClickSWITCH’s efficiency and expansion.

ClickSWITCH Completes an Examination in Conformity With SSAE No. 16

ClickSWITCH, providing Financial Institution Customer Account Management Services, today announced that it has successfully completed a Statement on Standards for Attestation Engagements (“SSAE”) No. 16 Type 2 audit for the period February 1, 2015 through July 31, 2015.  An SSAE 16 audit is performed by an independent auditing firm that examines the controls and processes involved in storing, handling, and transmitting data securely.  More information about ClickSWITCH™ can be found at www.clickswitch.com.

Wings Financial Launches ClickSWITCH to Provide Automated Account Switching

ClickSWITCH a patent pending, fully automated, turnkey solution that quickly, securely transfers recurring payments and deposits from one financial institution to another, today announced that Wings Financial Credit Union, Minnesota’s largest credit union, has selected their automated account switch product. ClickSWITCH will enable Wings Financial members to easily migrate their recurring transactions with web based automated technology in branch or online at their own convenience.

ClickSWITCH Teams Up with UMACHA

ClickSWITCH, a turnkey solution that simplifies the switch of recurring payments and deposits for a financial institution’s new and existing account holders, announced today that they have teamed up with Upper Midwest Automated Clearing House Association (UMACHA) to switch account holders’ corporate payments, direct deposits and government payments electronically.