Watch the webinar from January 31st
U.S. lending has grown to record levels in recent years, with consumers borrowing more per capita than ever before. In today’s environment, lenders and fund advance companies relying solely on legacy debt repayment options, like ACH and checks, are at a disadvantage, exposing themselves to a higher risk of not being repaid due to a lack of real-time authorization, the certainty of funds, and other factors.
TabaPay commissioned the Aite-Novarica Group to research the topic of debt repayment and provide some actionable outcomes lenders can apply to improve the costs and recovery of funds in their lending programs. The whitepaper: Maximizing Debt Repayment addresses how debit card payments can alleviate the downfalls associated with legacy payment methods and can result in improved consumer experiences, operational efficiencies and cost savings.
The research covers the following topics and more:
- The current lending ecosystem and repayment risks
- Pros and cons of legacy and modern repayment options
- Best practices to improve repayment rates and mitigate collection risk
