Array announced a partnership with Lumin Digital, a cloud-native digital banking provider. Through this partnership, Lumin will now offer a suite of Array’s products, as part of its Financial Wellness Monitoring suite for financial institution customers. Array’s My Credit Manager with Offers Engine lets users view, understand, and manage their credit information. With this product, financial institutions see an average of 2.2 return visits per month. Array’s Offers Engine, an embedded data and workflow solution, helps financial institutions market their services to account holders with actionable offers based on the user’s credit-data attributes. Through this service, financial institutions have seen a significant increase in personal loan email opens, and, in some cases, have boosted personal loan values by 3x-4x. Array’s ID Protect demonstrates exceptional retention, with one Array client achieving a 96% retention rate as users increasingly recognize security features as essential tools for protecting their personal information. Users will also have access to Privacy Protect, which offers the most effective data removal for consumers. Finally, Array’s Subscription Manager is an embeddable, private-label app that helps financial institutions, fintechs, and digital brands attract and retain customers by providing insight into and control over recurring payments. Additionally, users can request that Array negotiate a lower rate on select subscriptions on their behalf, and consolidate their subscription management with other financial services.
Square makes Orders platform generally available to sellers in US
Square’s new Orders platform is now generally available to sellers in the United States after being completed during the third quarter. The new order-based infrastructure is designed to help sellers complete a sale “anywhere and anyhow,” the provider of commerce solutions. The commerce platform’s payments and ordering capabilities include Pre-Auth and Bar Tabs for sellers of all sizes. With the Orders platform, Square will be able to provide more checkout flexibility to sellers — whether their customers are seeking to order ahead, open a bar tab or set up a subscription, sellers using Square will be able to offer more options to capture sales across their businesses.