Case Study: Perpay achieves 2.19x higher direct deposit conversion with Pinwheel PreMatch

Perpay boosts switch success 2.19x with Pinwheel PreMatch

Perpay, a company that offers installment payment plans, wanted to ensure paying off these plans was as easy as possible for its customers. They needed a frictionless way for users to connect their payroll accounts to set up automated repayments. To address this, they worked with vendor Pinwheel and implemented its Deposit Switch product.

Pinwheel provided its PreMatch solution, which allows eligible users to bypass payroll search and login steps for a fully credential-less direct deposit switch. As a result, Perpay saw a 2.19x increase in the switch success rate for eligible users and an 11% overall improvement in conversion. The implementation of Pinwheel PreMatch was completed in just three weeks and delivered immediate performance uplift.

Perpay