Right on the heels of our latest product release, I am pleased to unveil the addition of another revenue-generating solution for financial institutions: PaySound®—the online checking account that does not allow overdrafts.
PaySound combines a full-service, mobile-ready checking account with an optional line of credit (from $500 to $5,000) for those of your account holders who do not want to incur even a single overdraft charge. These account holders may have opted out of your discretionary overdraft program or they use alternative sources of short-term funding.
For whatever reason, they do not want their financial institution to allow them to spend more than they have in their accounts; and recent research shows that many of them are willing to pay for the certainty of no overdraft fees.
I am pleased to announce that our company has added MinuteLender™ and Business MinuteLender™—online lending platforms for consumers and small businesses, respectively—to our suite of revenue-enhancement solutions for financial institutions.
Using the MinuteLender technology platform—under your financial institution's brand and control—account holders are able to get approval and account set up of small dollar, unsecured loans in just minutes. The entire loan application process can be accessed and completed on a computer or mobile phone, vastly improving the lending experience.
Session to advise banks and credit unions how to improve fee income & service with a compliant discretionary overdraft program.
BSG Financial Group, a group of independently organized companies that provides revenue-enhancing programs—combined with compliance solutions—for financial institutions nationwide, announced today the promotion of Jeffrey A. Harper to company president, effective June 1, 2015. Mr. Harper brings more than 25 years of relevant industry experience to his new role, having previously served as executive vice president of Sales and Channel Partner Development for the company. Former company president Michael Alvey was named vice chairman.
"We welcome Jeff’s leadership and vision to BSG Financial Group," said W. Barrett Nichols, founder and CEO of BSG Financial, LLC. “Jeff’s results-oriented approach and strategic thinking will play a pivotal role in growing our company through innovation, marketing, compliance and customer support.”
“Some of the most trusted and sound financial institutions in the nation entrust BSG Financial Group to deliver innovative, proven and compliant revenue-enhancing solutions. We look forward to continuing our status as an industry leader, while growing the company through innovative programs, outstanding customer service and employing the best and brightest colleagues in the industry. With the ever-increasing regulatory and profitability pressures financial institutions face, the more they need the sound solutions BSG Financial Group delivers.”
Mr. Harper has experience in developing successful teams; identifying and managing strategic alliances; sales; marketing; accounting and finance. Before joining BSG Financial Group, he was executive vice president for Memphis, Tenn.-based Strategic Resource Management, Inc., a consulting firm specializing in procurement services and benchmarking of expenses. Prior to that, he held several positions, including director of sales, COO and president and CEO of Louisville, Ky.-based Outsource Management Group (OMG), a facilities management firm. Earlier in his career, Mr. Harper was vice president of Commercial Banking at PNC Bank in Louisville, Ky. He also served as assistant vice president of Commercial Banking at SunTrust Bank in Richmond, Va., as well as Staff Accountant at PWC (formally Coopers & Lybrand) in Norfolk, Va.
Harper attended James Madison University in Harrisonburg, Va., where he earned a bachelor of administration degree in accounting. He is a member of numerous industry-related associations, including Financial Managers Society and various state and national banking associations. He is also an active member of the Leukemia & Lymphoma Society of Kentucky, Northeast Christian Church and James Madison University Alumni Association.