Articles

3 Essential Reasons Lenders Need a Modern Self-Service Bill Pay Experience

Demand for consumer credit is still on the rise, despite recent years of escalating inflation and recession rumors. And as interest rates may start easing downward, competition among lenders will heat up. Banks, credit unions and consumer lenders are all vying for a piece of the consumer credit pie, estimated to top $24 billion by 2032.

June 20, 2024

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Articles

Top 5 Consumer Loan Payment Preferences

Today’s consumers are challenged to manage cash flow amid inflation and rising debt. Keeping up with loans is a key part of that, and it’s often made more difficult with inflexible legacy payment processes. Our latest consumer research found that over half (51%) of borrowers say managing and paying loans causes them anxiety, and 60% wish that process was easier.

May 31, 2024

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Articles

How Credit Unions Can Build Relationships with Indirect Borrowers

Many credit unions face steep challenges to remain competitive and profitable—and it’s growing more difficult as loan delinquencies rise. Indirect lending is an important source of revenue, making up over 22%  of credit unions' portfolios.

May 07, 2024

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Case Studies

Case Study: Automotive Partners Funding Reduces Late Payments by More Than 50%

Automotive Partners Funding partnered with PayNearMe to offer a wide range of payment options for their customers and a flexible payments platform for their employees.

December 13, 2023

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Articles

The Benefits of Accepting Mobile Wallet Payments

Paying with mobile wallets is now a standard part of today’s digital lifestyle. Are you offering your customers the choices they prefer?

July 31, 2023

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Articles

The Increasingly High Cost of Ignoring Self-Service Payments

With a tough economy and high inflation driving up loan delinquencies, can lenders afford to ignore self-service payments?

June 28, 2023

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Articles

Four Payments Predictions for 2023

It’s hard to believe we’re already well into 2023. As we dive head first into 2023 with a possible recession looming and technology moving at lightning speed, our team is preparing for an interesting year in payments. These are the predictions in the payments universe that our team is anticipating for 2023.

February 06, 2023

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