By integrating the Lexop collections management software, REPAY aims to allow its clients to collect late payments more efficiently, receive real-time payment updates, raise engagement, and reduce loan servicing costs. Additionally, Lexop’s clients can provide members with an integrated self-service portal, enabled by REPAY’s Embedded Payments technology, that focuses on making payments more available and convenient for them. Credit unions and financial institutions can accept debit cards, automated clearing house (ACH), and payments via text, mobile, and IVR. Lexop is set to receive payment data in real-time from REPAY’s Embedded Payments engine, simplifying reconciliation and accounting operations.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now