April 13, 2022 – Constellation Digital Partners announced today that it will launch a new certified service for Meritrust Credit Union that will provide privacy-preserving, verifiable digital identity credentials through its platform. The innovative solution to authenticating membership identity, MemberPass™, is enabled through the strategic partnership with fintech industry veteran Bonifii.
“MemberPass is a breakthrough identity technology that provides credit unions and their members with a myriad of security benefits,” said John Ainsworth, CEO, and President of Bonifii. “It upgrades security authentication protocols and helps credit unions move beyond knowledge-based authentication questions. Instead, a MemberPass digital credential allows Meritrust members to authenticate who they are using new blockchain-based identity technology. This allows them to control their personal information and use it in a safe and private way to access financial services.”
“Meritrust is working to improve members’ financial well-being by staying connected not only through these extraordinary times but beyond,” said Holly Terrill, Director of Member Support Services, at Meritrust Credit Union, “Even before the pandemic created an urgency for digital banking, Meritrust made it a priority to offer a range of services that make it easy to bank on members’ personal time. With the launch of MemberPass, we can now reduce friction while delivering the control and security over personal information that our members need to interact with us when it’s most convenient for them.”
Through Constellation and its roster of other credit unions planning deployment, Bonifii can connect and deliver benefits to more credit union members. With this type of strategic collaboration, Bonifii enables credit unions to drive and improve engagement with their members and provide them the privacy and security they need while using digital banking and financial services.
“The value of Constellation is the cutting-edge safety and industry-leading fintech innovation provided by Bonifii,” said David Lindner, SVP of Sales and Marketing. “Credit unions that deploy on our platform with either full digital banking or even stand-alone services will have the capability to provide MemberPass to members. Our credit union partners can feel confident in the simple integration and superlative data security.”
About Constellation Digital Partners, LLC
Constellation has created the first open development platform dedicated to credit union and fintech app development. This patented, secure, and flexible cloud-based ecosystem provides credit unions and innovative app developers the ideal platform to deliver safe, reliable, and next-generation digital financial service experiences. Credit unions now have the freedom to compete, innovate, and thrive in the financial services industry. First, by redefining what they offer, and second by delivering digital financial services in a way that places members squarely at the center of their business strategy. Visit www.constellation.coop to learn the latest innovations. Connect with Constellation on Twitter, Instagram (@ConstellationDP), Facebook and LinkedIn.
MemberPass™ is provided by Bonifii®
Denver-based Bonifii is the financial industry’s first verifiable exchange network designed to enable trusted digital transactions using open standards and best-of-breed security technologies. Bonifii empowers credit unions to change the way they interact with their members by enabling a seamless user experience in every financial transaction through a secure, private, trusted, and transparent resolution of the entities’ identity. To learn more about Bonifii, visit www.bonifii.com, email us at email@example.com, or follow the company on the Bonifii blog, LinkedIn, or Twitter.
About Meritrust Credit Union
Meritrust Credit Union has been helping its members do more with their money since 1935. The credit union now serves nearly 107,000 members with $1.3 billion in assets. Meritrust is headquartered in Wichita, Kansas, with 16 retail branches providing expert, advisory experiences, complemented by online, mobile and eATM technology allowing members to bank on their time. It’s easy to join Meritrust, and membership is open to most anyone. With a mission of improving the lives of members and the communities it serves, Meritrust offers consumers and businesses the products, services, tools and education they need to achieve their financial goals with confidence. For more information, visit meritrustcu.org. Federally insured by NCUA.