Payouts Network, Payix Collaborate to Offer Speedy Loan Funding
Summary
This new digital disbursement capability gives lenders better cash flow management and helps their customers with quicker loan funding. For consumers, this allows them to complete last minute and emergency payments in near real time, avoiding late fees, overdrafts and damage to their credit score without the reliance on short-term, costly financing. With the addition of Instant Payouts to our capabilities, lenders can disburse funds to borrowers almost immediately after loan approval,” explained Payix Co-Founder and COO Preston Cecil. Payix’s borrower-facing tools – with real-time loan management system integration – display client branding for quick borrower adoption and lasting utilization. Using Payix’s state-of-the-art technology, lenders and loan servicers can instantly communicate with borrowers across multiple channels and secure qualified promises, one-time and scheduled payments.
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