Meridian Credit Union debuts price matching service
Meridian Credit Union of Toronto has launched a new service for its customers called “Price Drop” which will automatically find price-matching offers for retail purchases. According to Meridian, the service is the first of its kind to be offered by a financial institution. Consumers use a mobile application to submit a photograph of the receipt for a retail item to the service. It will then search for better prices from participating retailers and return information that can be used to claim the difference in cost. The service was developed in association with Winnipeg-based financial technology company PriceRazzi.
“We're excited by how easy and convenient it is to use Price Drop, not to mention the savings it offers, especially at a time of year when shoppers are looking for the best deals,” said David Baldarelli, senior vice-president of digital banking and analytics at Meridian. “We're especially delighted that we can now extend this free value-add feature to more Canadians to offer a solution that eliminates stress and hassle in their every-day lives.”