The new reality in payments is mobile wallets. But why are so many lenders still clinging to outdated payment options that frustrate borrowers and minimize efficiency? Some common misconceptions around usage, security and costs may be keeping lenders from adopting wallets as payment options. But that resistance is also keeping them from gaining critical advantages.
In honor of the partnership between PayNearMe and Wanna Parlay, our team sat down with Carson Coffman, co-founder of Wanna.com, for a Q&A to discuss their newest brand and the innovative concept it provides to the iGaming market.
Modernizing and personalizing payment experiences is key for your business to remain competitive and profitable. As a lender, the risk of change may seem a barrier, but that shifts when you fully understand the business value. So here we’ll unpack it by highlighting some top strategies to optimize payments, why it matters and how it can have a transformative impact on your business.
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.
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.