Case Study: Happy Money achieves faster same-day credit card payoff with Method

Happy Money - Customer Case Study

Happy Money, a fintech company that connects consumers with credit union-sourced loans, sought to improve its Direct Card Payoff™ feature. They needed a white-labeled solution to securely identify customers' credit cards, retrieve real-time balances, and facilitate payments to pay off debt. Their challenge was to find a provider that could deliver a seamless user experience with fast payment execution and comprehensive reporting.

By implementing Method's connectivity and payment APIs, Happy Money automated the identification of credit cards and enabled balance transfers to over 15,000 institutions without requiring members to enter account credentials. This solution from Method dramatically increased same-day payment coverage from approximately 50% to 96%. The partnership has enabled Happy Money to facilitate millions of dollars in monthly debt consolidation, providing members with a faster, more seamless path to savings.

Happy Money

Nick Pesce

Head of Product & Design