FAQ’s

PAYMENT SOLUTIONS for LENDERS

  1. LENDER DEBT SOLUTION
  2. ZERO AUTH
  3. ACCEPT CREDIT CARD PAYMENTS
  4. ICL: IMAGE CASH LETTERS

 

We have an exciting new Lender Debit solution. We are getting Tribal Lenders Running in less than two weeks and are experiencing a high acceptance rate!

We have a direct relationship with a US based processor. We are receiving a very high response rate so please contact us as soon as possible. Currently underwriting is going very smooth with approval within 7 days and credentials issued within 10 days. We can provide API information to have this solution integrated to your LMS or you can use a portal to individually run transactions.

IBV – Instant Bank Verification

IBV is a way to instantly verify the authenticity of a potential customer account when their account is linked to a credit card. This product can be used throughout the loan cycle:

  • Underwriting – system is a fast, easy way to verify that a customer’s account is valid. Shorten this underwriting process by 10-15 minutes! This savings will improve your competitiveness, reduce payroll costs and lessen customer attrition.
  • Recovery – when taking credit card information from a past due customer this product will identify if the card is valid and if there was any keying errors and improve your recoveries.
  • This solution can be integrated into your LMS

 

Authorization codes:

  • TR12 Transaction Declined by Bank
  • TR09 Erroneous Expiry Date
  • TR06 Card Out of Service
  • TR02 Card Temporarily Invalid or Under Suspicion of Fraud
  • Pre-authentication
  • There are also error codes we can be provide
  • Instantaneous results!!

 

The Basics of our Image Cash Letter (ICL) System for payday loan lenders:

  • 24-48 hour average settlement
  • The ability to “push” funds to your customer
  • Unrestricted $ limits for single item, daily volume, and monthly volume
  • No cash reserve or deposit required
  • Unnecessary customer charge backs are nearly eliminated
  • Your application approved within 2-3 days
  • Process your transactions with our Virtual Terminal, batch or directly off your website via our API
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