PAYMENT SOLUTIONS for LENDERS
- LENDER DEBT SOLUTION
- ZERO AUTH
- ACCEPT CREDIT CARD PAYMENTS
- 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
