One of the most important questions decision makers have when considering a technology upgrade is can you build in-house a solution that better meets your needs than what’s on the market? The answer to this question is: It depends. When it comes to a payments platform, many organizations find it can be too challenging to go it alone.
Optimizing payments is mission-critical for auto lenders. With fierce competition and delinquencies on the rise, being able to collect more on-time payments and operate more cost-efficiently is key to profitability. Making it possible is PayNearMe’s robust integration with Auto Master Systems, a leading loan management system for BHPH auto dealers and finance companies.
In the PayNearMe Spotlight Series, we shine a light on the people that make our company thrive. In this month’s interview, we sat down with Tanvi Thacker, Regulatory Reporting Manager, to chat about her role in the company, why she loves working at PayNearMe and her life outside of work.
For decades, something has been broken in the bill pay industry. Loans and recurring billable services serve consumers of all ages who have a wide range of needs, preferences and circumstances. Yet typically, the model for paying those bills has been the same for everyone.
Choosing a new bill payment platform is a major strategic decision. It requires building alignment across numerous stakeholders to support competing priorities and your overall vision for company growth.
Payments used to be just transactions between consumers and businesses. If the process was slow, inflexible or required manual work, that was part of the deal. Now, however, payments are a central focal point in the customer experience.