The card network is simple, swipe it all day long and you have control.”
The business impact of this transition has been stark. By migrating from manual processes to card networks, Eynod has reduced its monthly paper check volume from an average of 25,000 down to roughly 5,000, with an ultimate target of fewer than 2,000.“ It really was a double-edged sword, in a very positive way,” Isaac adds, noting that the platform has successfully reduced overhead staff requirements by 50 % while simultaneously growing its total membership.
“ People want to feel independent. They want to be able to say,‘ I pay my utilities.’... With the right controls, you can give them their dignity back and they can continue to pay their bills the way they’ ve always done it”
Isaac Itzkowitz
Founder & CEO Eynod fintechmagazine. com 61