MOCA Launches Multiple Community Financial Institutions

Logo EIN Presswire
EIN Presswire

- MOCA Provides Essential Products for Community Financial Institutions to Compete with Neobanks

AUSTIN, TEXAS, UNITED STATES, January 25, 2023 /EINPresswire.com/ -- MOCA Financial, the leader in advanced digital accounts featuring virtual cards and payment processing, announced today that it has launched three financial institutions and three more are launching in the next 45 days.

Most recently, Rio Grande Valley Credit Union, based in Harlingen, Texas launched in early December, followed by Bank of Holyrood, Holyrood, Kansas, and Citizens Bank of West Virginia, based in Elkins, West Virginia. The key reasons for choosing MOCA cited by the financial institutions are an integrated, turnkey payment platform with multiple new card products, self-issued virtual cards, driving additional revenue, and providing an enhanced user experience.

MOCAs cards will allow our members to pay anyone they want, whenever they want, however they want, securely and conveniently, with no fees, said Missy Morrow, CEO of Rio Grande Valley Credit Union. We would not have been able to offer this product, on our own.

Community Financial Institutions (CFI) are facing more competition than ever before with mega banks and neo banks, but they are also savvier than ever, and their search to provide innovative technology for their customers has led them to fintech partners like MOCA, who specialize in developing advanced banking services, unique technology, and specialized expertise at a reasonable cost.

MOCA has seen a tremendous increase in interest from financial institutions over the past few months and expects that to continue to grow. MOCA is excited to provide our end-to-end digital account and payment processing platform, said Shawn Sinner, President and CRO of MOCA Financial, We believe in the power of Community Financial Institutions and know that our product will weaponize them against the competition.

MOCA has created next generation technology to provide its customers digital-first, real-time transaction alerts and advanced controls, including the ability for users- both businesses and consumers to issue their own virtual cards on demand, and be up and running in a matter of seconds. Additional real-time send-money payment options, teen cards that do not cost the parents a monthly fee, and push-button provisioning to the five most popular digital wallets, are some of the features contained under the turn-key platform that is driving financial institutions to sign with MOCA.

MOCA is a member of Bankers Helping Bankers BaaS Association, an association pairing banks and fintechs providing the best technology for their needs. Dave Mayo, co-founder of BHB, said MOCA is exactly the type of fintech the BHB BaaS Association likes solid compliance, while protecting the consumer and the bank, with a much better product for the end user.

#

About MOCA
MOCA Financial, headquartered in Bastrop, Texas is a highly advanced digital account and payment processing platform in one. Founded and managed by financial institutions and payment industry veterans with well over 125 years of industry experience, MOCAs principals have been developing cutting edge financial products for decades. Our Mission is simple: To provide the best one-source solution for financial institutions, government entities, not-for-profit organizations, and businesses, so that they may offer consumers simple digital access to manage their money and to provide the self-issuance of virtual cards to fit their everyday active use of a payment instrument. For more information, please visit mocapay.com.

MOCAContact:
Dawn Sprayman
SVP, Marketing & Sales Support
dawn@mocapay.com
214-301-9161

About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social+ platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB platform is free for bankers, reaching 75% of the banks. Join the movement to help save community banking. For more information, please visit: https://bankershelpingbankers.com/bhb-baas-association/

Bankers Helping Bankers Media Contact:
Rachel Hernandez, Marketing
rachel@fedfis.com

Dawn Sprayman
MOCA Financial
+1 214-301-9161
dawn@mocapay.com

Continue read on einpresswire.com

Logo American Banker
Business / FinanceBy Miriam Cross2023-01-24 18:35:42
Over the past year, Provident Bank has been rethinking how it defines top tech leadership roles as it prepares to double in size in a pending merger. The...

Logo PR Newswire
TechnologyPress Release2023-01-24 21:40:00
FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more than 10 years, has opened its...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 22:46:00
The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the appointment of David Long to its Affordable Housing Advisory Council (Advisory...

Logo Finextra
TechnologyBy Finextra2023-01-25 09:58:00
Source: Visa Visa has signed a partnership with Fintech District, an international community of reference for the Italian fintech scene, with the aim of...

Logo The Business Journals
Business / Finance2023-01-24 19:31:51
Veteran local banker Will Chase on recent trends in the banking industry: "Memphis needs a thriving network of community banks."

Logo GlobeNewswire
BLUEFIELD, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) ( www.firstcommunitybank.com ) (the Company) today reported...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 20:00:00
Lending and Investment also given "Outstanding" ratings; Service receives "High Satisfactory" rating U.S. Bank announced today that it has received the...

Logo GlobeNewswire
The growing community bank recently received regulatory approval for a new commercial loan production office located in Syracuses historic Franklin Square...

Logo PR Newswire
Nation's largest Black owned bank launches nation's largest surcharge free ATM network LOS ANGELES, Jan. 24, 2023 /PRNewswire/ -- OneUnited Bank is proud to...

Logo American Banker
Business / FinanceBy Miriam Cross2023-01-24 21:40:14
A consulting practice for community banks and a group of its bank clients have launched Lenders Cooperative, a standalone client-owned entity providing...

Logo PR Newswire
QUINCY, Mass., Jan. 24, 2023 /PRNewswire/ -- CFSB Bancorp, Inc. (the "Company") (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal...

Logo PR Newswire
TechnologyPress Release2023-01-25 11:00:00
Veriff's identity verification capabilities seamlessly verifies Baanx users, helping to prevent fraud and money laundering NEW YORK, Jan. 25, 2023...

Logo The Business Journals
Business / Finance2023-01-24 19:33:17
It's the first of several new branches slated for the next 12 to 18 months.

Logo Benzinga
Business / FinanceBy Business Wire2023-01-23 21:09:00
Citizens Financial Group, Inc. CFG announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Bank of America Financial...

Logo Nasdaq
Business / FinanceBy Validea2023-01-25 10:58:51
The following are today's upgrades for Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with...

Logo GlobeNewswire
TechnologyPress Release2023-01-24 20:42:00
Dallas Incorporated, Consulting and Funding Haven, Develops an Automated Formula for Business and Product Launches Charlie Lass speaking at the State of...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 13:15:00
Sionic's Pay-by-Bank Service Enables Consumers to Instantly Load Funds to Merchant Gift Cards Sionic, a leading provider of omni-commerce, faster digital...

Logo PR Newswire
Partnership Provides Long Term Financing to Coopermil to search for new partnerships for the aggregation of value and sustainability of the Cooperative's...

Logo NewsFileCorp
Press Release2023-01-24 17:48:00
Stockholm, Sweden--(Newsfile Corp. - January 24, 2023) - MERCO Bank announces new programs and services in 2023 that will help them stay ahead of the others....

Logo Finextra
TechnologyBy Editorial Team2023-01-23 13:49:00
America's biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers' debit and credit cards, according to the Wall...