REPAY announced new enhancements to its integration with MeridianLink, a leading provider of software platforms for financial institutions. The updated technology allows credit unions and banks within MeridianLink’s network to offer new members streamlined account funding. This includes options such as debit card, ACH, and digital wallets like Apple Pay and Google Pay.
These enhancements aim to improve the consumer experience and accelerate fund acceptance into new member accounts, both in-branch and online. The expanded capabilities build upon REPAY’s existing integration with MeridianLink Collect, which optimizes loan collection operations. This existing integration simplifies accounting and consumer payment processes for financial institutions.
Jake Moore, EVP of Consumer Payments at REPAY, emphasized that providing flexible and secure payment options is essential for modern lending operations. The integrated platform tracks, logs, and posts payment data in real time, ensuring accurate reflection in credit unions’ records immediately after submission. This mitigates the risk of invalid penalties and unnecessary collection efforts.
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