Five Methods You Can Use to Reduce Late Payments
Digital payment solutions make it easier and more convenient for customers to pay their loans, but it can be hard to find a payment partner who offers dedicated service and reliable technology while also being scalable for future business growth.
REPAY understands the needs of the banking and financial institution industry. Our omni-channel platform integrates into your existing LMS to improve customer satisfaction and on-time payments. That means a more consistent flow of funds with fewer manual data entry errors.
Omni-channel solutions: mobile, online, phone or text
Accept debit cards, ACH, checks and digital wallets
Access realtime reporting and reconciliation dashboards
Text alerts with payment links encourage timely payments
Offering payment convenience doesn’t have to be complicated or expensive. Increase on-time payments and improve the customer experience by supporting how they prefer to pay their loans.
Streamline the way you manage payments with a single payment system that integrates easily into your LMS. Our technology makes the transition straightforward for you and your employees. There is no disruption to current processes during implemenation and our platform is scalable for future development.
U.S.-based and available 24/7/365, our dedicated customer service team and expert technologists can assist you with every aspect of REPAY’s payment processing program, from implementation to ongoing support.
Read how our online portal enables self-service payments for a credit union and its members without extra resources.
Sending loan funds to customers via traditional methods can take days, and they may not have days to wait. Remove friction and processing delays by using Instant Funding to disburse funds to debit and prepaid cards in minutes.
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased customer satisfaction.
Payment digitization has transformed how businesses and consumers pay. Consumers, including borrowers, are looking for faster and more convenient payment options and are not afraid to seek out providers who offer their preferred payment technology.
Customer demands and preferences are constantly changing. They value convenience and speed during the payment experience in today's fast-paced environment. As a business owner, it's essential to provide payment options that satisfy their wants and needs. Offering multiple payment options can expand your customer base while enhancing the customer experience.
Over the past few years, credit unions have been at a major disadvantage when it comes to attracting new members. Contactless payment technology quickly became the norm during the first few chaotic months of the pandemic, forcing many businesses, especially those in the financial sector, to scramble toward implementing this new technology.