Case Study: Aven boosts balance transfer volume with Method

Aven boosts balance transfer volume by 25% with Method

Aven, a consumer lending company offering a home equity-backed credit card, faced the challenge of building an embedded balance transfer feature in-house. The industry's manual process was complex and time-consuming for customers, and replicating it would have required significant resources to build thousands of issuer connections and PCI-compliant infrastructure. To overcome this, Aven partnered with Method and used its Connect and Pay products to implement a modern solution.

By integrating Method's API, Aven embedded instant balance transfers directly into its customer experience. This provided real-time liability data and embedded payment rails, reducing settlement time from weeks to just 1-2 days. The solution delivered notable results for Aven, including a 25% increase in monthly balance transfer volume per cardholder and over $115 million processed in transfers, helping customers save millions in interest payments.

Aven