Payment Solutions for Financial Service Providers
Your Partner for Loan Management
The Lending Industry is one of the fastest growing and most profitable industry sectors today. However, many lenders face a daunting task in establishing and effectively managing payment plans. And how do you deal with all of those NSF items? To remain ahead in the highly competitive market, many lenders are exploring innovative ways to service consumers effectively while ensuring that payments are made and applied on time.
Industry trends make it increasingly important for short term lenders to recognize the time and place in which electronic transactions can complement their business efforts. Financial Services institutions - be they Auto, Home, or Short Term Lenders - need a payment partner who can establish and manage payment plans via the cost effective ACH network with minimal setup. Institutions also need to automatically re-present NSF items on strategic dates to ensure funds are being captured.
The on-demand model expedites the cost-effective transition to electronic payment and remittance. Lenders can streamline their billing processes to generate efficiencies and an increased profit margin. By working with loan management packages to
integrate the latest in payment technology, EPP creates a seamless experience for the end-user.
Benefits
The Express Payments Suite offers the following benefits to lenders:
- Current Software
- Reduced Hold Times
- A High Level of Automation
- No Duplicate Entries
- The Re-Presentation of NSF Returns Automatically
- The Establishment of Recurring Payments
- Cost Effectiveness and Unmatched ROI
- Next Day Credits
