How LoanPro’s Visa DPS Integration Will ‘Expand The Availability Of Credit In This Country’
June 4, 2024 8:00 AM | 2 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
LoanPro, a leading credit platform, announced a direct integration with Visa DPS, one of the largest issuer processors for Visa debit transactions. This integration enables LoanPro to offer card issuers, brands, financial institutions, and fintechs a unified platform to launch, manage, and service unique, next-generation credit card programs.
The Context: LoanPro is a modern lending and credit platform that provides clients a better way to launch, service, and manage card programs. Over 600 institutions use LoanPro to bolster their borrower, agent, and back-office experiences, enhancing overall origination, servicing, payments, and collections.
Integrating LoanPro with Visa DPS will facilitate the deployment of scalable, first-to-market credit card programs with unique features like Transaction Level Credit™. These programs allow more banks, fintechs, and other institutions to enter the credit space and customize interest rates, limits, and grace periods based on specific details such as transaction amount, location, and merchant type.
Why It Matters: The announcement comes as organizations shift focus from debit to credit and underscores Visa’s expansion beyond traditional payments, aligning with its acquisition of Pismo to own more of the customer financial relationship. Also, the integration with LoanPro and Visa DPS positions Visa to compete directly with major players like Tsys, i2c, and Fiserv CCM.
“LoanPro is moving the card industry forward with its platform’s unique capabilities in configurability, scalability and compliance,” LoanPro board member and former CEO of Visa USA Carl Pascarella told Benzinga. “These capabilities provide all their clients with flexibility to truly differentiate and scale their offerings in a way we have not seen before and gives LoanPro the unique opportunity to serve all segments in the market, from the major players to newly launched programs, which will greatly expand the availability of credit in this country.”
For more details about LoanPro, please visit loanpro.io.
Photo: LoanPro
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
