NAFCU Services Selects Q2 as Preferred Partner for Mobile and Online Banking Solutions
NAFCU Services Corporation has selected Q2 (NYSE:QTWO) , a leading provider of secure virtual banking solutions for regional and community financial institutions, as the Preferred Partner for Mobile and Online Banking Solutions following a rigorous RFP process and evaluation by three panels of industry-leading credit union CEOs. For 10 years Q2 has partnered with credit unions looking to leverage the power of mobile and online banking in order to grow membership, increase market share and become more influential within the communities they serve.
“We are thrilled to partner with a visionary company like Q2 to offer mobile and online banking solutions to our members,” said Randy Salser, president of NAFCU Services Corporation. “Q2 has proven experience working with credit unions and, unlike others in the space, they understand the unique needs and demands of our members. Our mission is to identify and champion innovative solutions for credit unions, and by selecting Q2 as one of NAFCU’s preferred partners, we have taken a big step towards realizing that goal.”
Q2 is one of only 27 NAFCU Preferred Partners and the only partner for mobile and online banking. As such, the Q2platform is now the preferred solution for mobile and online banking to NAFCU’s 800 plus members, citing its single platform solution, data security and unified user experience as the largest differentiators and value to credit unions.
“At Q2, we are passionate about helping credit unions leverage technology to improve member loyalty, increase revenue and remain competitive in this ever-evolving financial services marketplace,” said Matt Flake, president and CEO of Q2. “We are very excited for the opportunity to be the first ebanking partner selected by NAFCU as we work to provide better digital banking solutions for its members and contribute to the success of the communities they serve.”
This press release contains forward-looking statements, including statements about: Q2’s ability to assist credit unions with growing membership, increasing market share, influencing their communities, contributing to the success of their communities, and remaining competitive; and the future benefits of Q2’s partnership with NAFCU. The forward-looking statements contained in this press release are based upon Q2’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates or expectations will be achieved. Factors that could cause actual results to differ materially from those described herein include risks related to: (a) the risk that Q2 will face increased competition as part of entering new markets, (b) the risk that the market for Q2’s solutions does not grow as anticipated, (c) the challenges and costs associated with selling, implementing and supporting Q2’s solutions, particularly for larger customers with more complex requirements and longer implementation processes, (d) errors, interruptions or delays in Q2’s service or Web hosting, (e) breaches of Q2’s security measures, (f) technological and regulatory developments, (g) the impact that a slowdown in the economy, financial markets, and credit markets has on Q2’s business sales cycles, prospects’ and customers’ spending decisions and timing of implementation decisions, (h) the difficulties and risks associated with developing and selling complex new solutions and enhancements with the technical and regulatory specifications and functionality desired by customers, (i) the difficulties and costs Q2 may encounter with complex implementations of its solutions and the resulting impact on the timing of its revenue from any delayed implementations, (j) the risk that Q2 will not be able to maintain historical contract terms, (k) Q2’s ability to hire, retain and motivate employees and manage its growth, (l) the risk that modification or negotiation of contractual arrangements will be necessary during Q2’s implementations of its solutions, and (m) litigation related to intellectual property and other matters and any related claims, negotiations and settlements.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading providers to offer superior solutions to the credit union industry. With the NAFCU Services Preferred Partner Seal, we designate only those suppliers who are truly committed to credit unions, and who have undergone a rigorous evaluation process. Our mission is to identify innovative solutions for credit union growth and productivity. For more information, visit www.nafcu.org/nafcuservices.
Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2’s solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities. To learn more about Q2, visit www.q2ebanking.com.
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