WaFd Bank Partners with the Network of Giving to Fund Non-Profits in Washington
WaFd Bank (Nasdaq: WAFD) announces its partnership as the official banking partner for the Network of Giving, a purpose-driven digital commerce platform launching in Seattle. The platform enables merchant-funded micro-donations to four designated nonprofits: United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska and Washington, and Northwest Harvest. Users can link their existing credit and debit cards from any financial institution to participate. The system allows merchants to define donation amounts, with 100% of donations directed to the nonprofits at no additional cost to consumers.
WaFd Bank (Nasdaq: WAFD) annuncia la sua partnership come partner bancario ufficiale per il Network of Giving, una piattaforma di commercio digitale con uno scopo lanciata a Seattle. La piattaforma consente micro-donazioni finanziate dai commercianti a quattro organizzazioni no-profit designate: United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska e Washington e Northwest Harvest. Gli utenti possono collegare le loro attuali carte di credito e di debito da qualsiasi istituto finanziario per partecipare. Il sistema consente ai commercianti di definire gli importi delle donazioni, con il 100% delle donazioni dirette alle organizzazioni no-profit senza alcun costo aggiuntivo per i consumatori.
WaFd Bank (Nasdaq: WAFD) anuncia su asociación como el socio bancario oficial para el Network of Giving, una plataforma de comercio digital con propósito que se lanzará en Seattle. La plataforma permite microdonaciones financiadas por comerciantes a cuatro organizaciones sin fines de lucro designadas: United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska y Washington y Northwest Harvest. Los usuarios pueden vincular sus tarjetas de crédito y débito existentes de cualquier institución financiera para participar. El sistema permite a los comerciantes definir los montos de donación, con el 100% de las donaciones dirigidas a las organizaciones sin fines de lucro sin costo adicional para los consumidores.
WaFd 은행 (Nasdaq: WAFD)는 시애틀에서 시작될 목적 지향적인 디지털 상거래 플랫폼인 Network of Giving의 공식 은행 파트너로서의 파트너십을 발표합니다. 이 플랫폼은 네 개의 지정된 비영리 단체인 United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska 및 Washington, Northwest Harvest에 대한 상인 지원 마이크로 기부를 가능하게 합니다. 사용자는 참여를 위해 어떤 금융 기관의 기존 신용 및 직불 카드를 연결할 수 있습니다. 이 시스템은 상인들이 기부 금액을 정의할 수 있도록 하며, 기부금의 100%가 소비자에게 추가 비용 없이 비영리 단체로 전달됩니다.
WaFd Bank (Nasdaq: WAFD) annonce son partenariat en tant que partenaire bancaire officiel pour le Network of Giving, une plateforme de commerce numérique axée sur un but qui sera lancée à Seattle. La plateforme permet des micro-dons financés par les commerçants à quatre organisations à but non lucratif désignées : United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska et Washington ainsi que Northwest Harvest. Les utilisateurs peuvent lier leurs cartes de crédit et de débit existantes de n'importe quelle institution financière pour participer. Le système permet aux commerçants de définir les montants des dons, avec 100 % des dons dirigés vers les organisations à but non lucratif sans coût supplémentaire pour les consommateurs.
WaFd Bank (Nasdaq: WAFD) gibt seine Partnerschaft als offizieller Bankpartner des Network of Giving bekannt, einer zielorientierten digitalen Handelsplattform, die in Seattle startet. Die Plattform ermöglicht von Händlern finanzierte Mikrodotationen an vier ausgewählte gemeinnützige Organisationen: United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska und Washington sowie Northwest Harvest. Benutzer können ihre bestehenden Kredit- und Debitkarten von jeder Finanzinstitution verknüpfen, um teilzunehmen. Das System ermöglicht den Händlern, die Spendenbeträge festzulegen, wobei 100% der Spenden ohne zusätzliche Kosten für die Verbraucher an die gemeinnützigen Organisationen geleitet werden.
- Strategic partnership expansion into digital commerce philanthropy platform
- Potential for increased customer engagement and loyalty through charitable initiatives
- Zero implementation cost for the bank as donations are merchant-funded
- None.
Insights
This partnership with Network of Giving represents a strategic but business impact for WaFd Bank. While it enhances the bank's community engagement and ESG profile, the financial implications are minimal. The merchant-funded donation model means WaFd Bank faces no direct costs, though they may benefit from increased merchant relationships and potential customer acquisition through the platform's visibility.
The initiative could marginally boost WaFd's competitive positioning in the Seattle market by differentiating their services and strengthening relationships with local businesses. However, the revenue impact will likely be negligible relative to WaFd's
The Network of Giving is designed to empower people to foster giving through everyday actions and works as a low-barrier means to support cause-related initiatives, creating efficiencies in digital fundraising.
“Impacting small, local businesses that are the backbone of our community, the Network of Giving increases customer loyalty, drives sales and delivers measured results while generating micro-donations to community nonprofits, at no additional cost to the customer,” said David Saalfrank, Chief Evangelist for the Network of Giving. “You shop, the business gives. Everyone can join the Network of Giving for free and securely link their existing credit and debit cards from any financial institution to start making an impact in their community.”
“We’re excited to be the official banking partner for the Network of Giving here in
Four designated nonprofits will receive donations through the Network of Giving: United Way of
United Way of King County President and CEO, Gordon McHenry Jr., stated, “At United Way, we want to make the biggest impact possible and lift each other up. With digital commerce and the Network of Giving local communities are provided with a foundation that ensures an equitable future for everyone.”
About WaFd Bank:
WaFd, Inc. is the parent company of Washington Federal Bank, a federally insured
More about WaFd Bank: WaFdBank.com
About the Network of Giving:
The Network of Giving is committed to providing financial and social empowerment to drive positive change in communities and the world. The Network of Giving SaaS platform utilizes digital commerce, connecting local consumers, merchants, and non-profit community organizations. This connection empowers consumers to shop at local businesses triggering merchant-funded micro-donations that impact their communities – at no additional cost to the consumer. More on Network of Giving: networkofgiving.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20241121627202/en/
Kristi Ellefson
WaFd Bank
425 Pike Street,
Kristi.Ellefson@wafd.com
(206) 349-7292
Dennis Scully
Network of Giving
dennis.s@networkofgiving.com
(602) 786-8008
Source: WaFd Bank
FAQ
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