ATLANTA, July 27, 2018 /PRNewswire/ -- REPAY Realtime Electronic Payments, a premier provider of advanced payment technology products and processing services is excited to announce its new partnership with LoanPro Software, a leader in loan servicing software for U.S.-based installment lenders. The integration between the two companies will create major efficiencies and a better user experience for shared customers.
The partnership is truly a match made in heaven, as both companies primarily serve the consumer finance and auto industries. REPAY offers omnichannel payment services wrapped up in the most secure and advanced technology on the market and has been in the consumer finance and auto space for over ten years. LoanPro Software automates the lending process, combining cutting-edge, problem-solving technology with a secure and user-friendly interface to automate the loan servicing experience.
This integration between REPAY and LoanPro Software will allow lenders to initiate and accept card and ACH payments directly through LoanPro's platforms. REPAY will process the payment on the back-end and immediately send the approval codes and transaction details back to the lender's LoanPro account. The customer record within the software platforms will automatically update with the most recent payment information, eliminating the need for lenders to manually post payments.
"We were particularly thrilled about the opportunity to partner with LoanPro Software because of our shared clients already utilizing both platforms. The integration will add tremendous value and efficiencies to our clients' current loan servicing and payment processes," said Susan Perlmutter, Chief Revenue Officer of REPAY.
"This new integration with REPAY will allow our mutual clients to streamline their loan servicing and payment processing even more by eliminating manual data entry and payment posting. We are excited to partner with REPAY and look forward to providing our mutual clients with the best loan servicing software and payment processing options on the market," said Lloyd Roberts, Sales Director of LoanPro Software.
Realtime Electronic Payments (REPAY) is a full-service provider of electronic transaction processing services for a variety of integrated end markets, offering a suite of advanced payment technology products, including credit/debit card processing, ACH processing, consumer-facing payment portals, and electronic bill payment systems. For more information, visit www.repay.com.
About LoanPro Software
LoanPro Software (LoanPro) was designed by lenders for lenders. Our cloud-based platform is built entirely on an API, providing lenders with a dynamic & feature-rich solution unlike anything else on the market. LoanPro's user interface is sharp, modern, and refreshingly clean. Lend with Confidence with LoanPro Software. For more information, visit www.LoanProSoftware.com
SOURCE REPAY Realtime Electronic Payments