The Importance of Mobile-First Payment Experiences

Save on Development Costs

Building an in-house mobile repayment app can easily exceed $400,000 in development, compliance, and maintenance costs. Payliance’s out-of-the-box solution eliminates these expenses, offering a fully developed, secure, and compliant platform. Continuous updates and support ensure it remains aligned with industry requirements without straining your internal resources.

Lowering Transaction Costs with ACH and Debit Processing

Payliance helps lenders reduce transaction processing fees typically by 10-20%, offering one of the most cost-efficient solutions for ACH and debit payments. By streamlining payment flows, Payliance delivers ongoing savings that directly improve your bottom line.

Debt Repayment Interchange Discount Programs

Through Payliance’s Debt Repayment Interchange Discount Program, lenders can typically reduce debit card interchange fees typically by up to 20%. Unlike other processors, Payliance passes these savings directly to lenders, improving margins on every debit repayment.

These savings and reduced development and transaction costs provide multiple ways to lower expenses while delivering a superior repayment experience.

Enhancing the Borrower Experience

A mobile-first payment solution is essential for modernizing loan repayment processes and retaining borrowers. Features like real-time payment insights, flexible repayment options, and one-time payment extensions give borrowers control over their finances. They can view payment history, schedule or reschedule payments, and even request extensions, all from their smartphones. This convenience increases borrower satisfaction, fosters loyalty, and reduces churn.

The integration of ACH processing and debit card payments gives borrowers the flexibility to choose the payment method that best suits their needs, whether it’s a quick debit card payment or a more cost-effective ACH transfer.

Ensuring Compliance and Security

Payliance’s platform mitigates compliance risks in an increasingly regulated industry by adhering to all necessary financial standards and keeping up with evolving regulations. With industry-leading security and built-in compliance mechanisms, your systems stay secure and aligned with regulatory requirements—without additional resource investment.

A mobile-first repayment solution streamlines operations and is essential for retaining borrowers. With features like real-time payment insights, flexible repayment options, and one-time payment extensions, borrowers gain convenience over their loan management, reducing churn and enhancing loyalty.