LEVERAGE Payment Solutions recently announced a new partnership with CheckAlt to provide its online loan payment app’s Loan Pay, which offers simple integration, configurable features, flexible payments, and a secure member experience during the loan payment process.
“LoanPay will enable our credit unions to accept loan, mortgage, and credit card payments through a fully-hosted web platform, creating a more efficient processing option and in turn, increasing customer satisfaction,” stated Steve Willis, President of LEVERAGE. “As credit unions continue to adapt to a world in which many things have moved virtual or online, it is of utmost importance that they have the means to serve their customers. This new partnership provides customers with the opportunity to pay loans online from the comfort and safety of their homes.”
API capabilities between LoanPay and your credit union core systems streamline the processing of loan payments from consumers and the settling of funds at the credit union into a one-stop shop for payment processing. This closes the gap left by potentially fragmented payments. This highly accessible portal provides consumers with the ability to make payments safely, securely, and remotely.
LoanPay’s internal options allow consumers to select the payment schedule that works best for them and issues regular communication to the user to ensure he or she is fully aware of any changes or transactions made to the account, offering a seamless, transparent process for users and admin alike.
In addition, LoanPay will soon offer interactive voice response payments via phone, allowing loan payments to be made from anywhere at any time. Configurable messaging, language options, and instant updates on recent payments or outstanding balances increases the usability of the app and cuts time previously spent waiting for information.