Apple Pay vs. BankStride

If you accept payments while selling goods and services, Apple Pay can help you speed up the payment process while securely accepting payments. Since there is no need to stick a card into a machine, users won't have to fumble looking for a card when they can put their whole wallet on Apple Pay and check out easily.

Incentivized

BankStride has saved us a tremendous amount of time and has been a key driver of growth and productivity within our company. The platform makes it easy for borrowers to submit documents, so the number of loan exceptions across our portfolio has decreased substantially. As a result, we can quickly identify pockets of risk within our loan portfolio and take appropriate steps to address areas of concern. It also makes regulatory audits and reporting much easier

• The double click which launches it couldn't be easier; you don't even have to open your phone and find the app.
• It's pretty much fool proof from there, as just holding your phone near the reader is sufficient for success.
• Haptic feedback ensures that I know the payment registered.
• I have full faith and confidence that the transaction was executed securely.

Incentivized

• automates document collection
• automates loan monitoring
• automates risk reporting
• loan portfolio management
• construction loan monitoring
• loan draw management
• loan processing
• secure document collection
• loan exceptions management
• vendor management
• OCC compliance
• Regulatory reporting
• regulatory compliance

• At times, my Apple Pay will pop up unintentionally. Perhaps there can be more safeguards around that.
• Apple Pay is not super great if I need to make a return. For any return, I've found that paper receipts are superior.
• Apple Pay sometimes requires very specific positioning when scanning the phone, which is frustrating.

Incentivized

• Wish it was free

It's now a standard.

Incentivized

Love the simplicity, i think it's a good way of getting apple-lovers to purchase things from the palm of their hand

Incentivized

When I had my Android/Samsung phone, I tried Samsung's version of Apple Pay and it was terrible. It was very glitchy, and sometimes I would get a notification that I paid for something when I wasn't even in a checkout screen, like I was just browsing the internet or something and I'd get a notification! It was alarming and I quickly uninstalled the app and never used it again.

Incentivized

nCino does not offer the automation features that BankStride does, which is why we went with BankStride. nCino is much more expensive (and requires Salesforce) and seems to lag a bit. It's a heavy lift for banks to implement, whereas BankStride can be implemented immediately. I believe BankStride can integrate with nCino which could be helpful, but in my opinion, BankStride is a stand alone product.

• Able to provide employees with digital company cards.
• Convenient tracking of money spent.
• Caring for others in our workplace and community through gifts and purchases.

Incentivized

• $17,400 saved per user per year on average
• Approximately 290 hours saved per user per year