LoanPaymentPro and Accelitas Announce Strategic Partnership to Provide Instant Validation and Payment Solutions

Accelitas and LoanPaymentPro Announce Strategic Partnership

Integrated products respond to digital demand, increased fraud risk, stricter compliance rules and greater opportunity.

This partnership with Accelitas enables LoanPaymentPro to provide state-of-the-art bank account validation and verification data that improves payment acceptance.

— James Celli, Founder and CEO of LoanPaymentPro

BLOOMINGDALE, IL, USA, April 19, 2022 /EINPresswire.com/ — Unprecedented demand for digital transactions and a generational shift in consumer behavior are reshaping the way the world does business. LoanPaymentPro and Accelitas have launched a strategic partnership to deliver frictionless account validation and payment processing to businesses that need to make financial decisions at “the speed of today.”

LoanPaymentPro is a leading provider of innovative, technology-driven payment and financing solutions in consumer credit and debt repayment. They partnered with Accelitas, a pioneer in AI-based predictive analytics for account validation and alternative credit scoring. As fully integrated partners, Accelitas and LoanPaymentPro will provide their customers with an end-to-end solution that helps businesses improve ACH success rates, mitigate fraud risk, stay compliant with Nacha verification rules and to raise and distribute funds transparently.

“Now is the time,” says Jimmy Williams, SVP of Accelitas, National Sales Manager. “Companies are aware of Nacha’s new mandates and understand the growing demands of the digital market. LoanPaymentPro are experts in instant financing platforms, and our partnership will not only meet the immediate needs of our clients, it can help them develop new businesses. »

Accelitas provides up-to-the-minute account validation with unparalleled customer coverage – 98% of all US accounts – providing a frictionless customer experience without the use of online banking (OLB) credentials. Proprietary analysis and risk modeling produces indicators on the validity, association and risk of submitted bank account information. Accelitas offers three BAV products, targeting low value/lower risk ACH transactions, higher value/higher risk transactions and an FCRA version with real-time consumer behavioral data that can be used for action. undesirable. These unauthenticated services offer a smarter, more cost-effective alternative, providing real-time confirmation of active accounts, including the elimination of “fat finger” errors when manually entering routing and account numbers. Companies that validate with Accelitas typically see a 30% increase in coverage beyond traditional banking data consortia.

“Partnering with Accelitas enables LoanPaymentPro to deliver industry-leading bank account validation and verification data that improves payment acceptance,” said James Celli, Founder and CEO of LoanPaymentPro. “All of this is made possible by their innovative and intelligent platform supported by their incredibly talented team and data scientists.”

LoanPaymentPro uses proprietary technology to provide the most compliant and cost effective bank card, ACH and instant funding platform for all types of lenders. With its own proprietary payment validation and verification feature, LoanPaymentPro’s technology reduces fraudulent transactions, increases successful payments and simultaneously reduces borrower defaults. The technology company also maintains multiple exclusive relationships with ODFI sponsor banks to provide customers with financial assurance and redundancy. LoanPaymentPro offers real-time Push-To-Card funding for loan disbursement (direct-to-borrower funding), and their payment gateway is fully integrated with major loan management software vendors to easily integrate with the platform. form of choosing a lender.

“Accelitas is quickly becoming the leading provider of banking data and information in the consumer credit industry,” said Michael Perkins, Senior Vice President of Channel Partnerships for LoanPaymentPro. “Integrating Accelitas’ predictive analytics and banking validation products into our gateway will not only keep our customers compliant with NACHA rules, but also reduce their risk of fraud.”

About Accelitas www.accelitas.com

Accelitas® reinvents financial access through the transformative power of data. Our AI-powered predictive analytics and alternative data sources provide fast, fair, and frictionless ways to help businesses achieve business growth and financial inclusion. Powered by the real-time web services of its Accelerated Insight® Platform, the company offers innovative ways to transparently validate accounts and accept more creditworthy borrowers. The company is headquartered in Petaluma, California.

Contact:

Scott Mullins
Accelitas, Inc.
1 (415) 842-7714
[email protected]

About LoanPaymentPro www.LoanPaymentPro.com

LoanPaymentPro is a leading provider of innovative, technology-driven payment and financing solutions to the consumer credit and debt repayment industries. LoanPaymentPro’s proprietary API-based platform provides flexible and automated solutions that enable a frictionless experience for its customers and their customers. The company is headquartered in Bloomingdale’s, Illinois.

Contact:

Michael Perkins
LoanPaymentPro
+1 888-391-5901
[email protected]
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Harry L. Blanchard