Fintech
Fintech Nexus Newsletter (June 4, 2024): LoanPro integrates with Visa DPS on credit card platform
LoanPro has made a name for itself as a scalable lending platform. Now they are strengthening their credit card platform with announcement of a new integration with Visa.
Visa DPS (Debit Processing Service) is one of the largest issuer processors of Visa debit transactions globally and with this integration with LoanPro will help businesses better launch, service and manage card programs.
One of the unique new features is Transaction Level Credit™ which enables more precise transaction management by allowing card programs to customize interest rates, credit limits and grace periods based on transaction specifics.
There is a movement in the fintech sector towards credit in response to pressure on debit card fees and the growth of bank payments. This new program from LoanPro will make it easier for these companies to make the leap.
The largest profit center for most banks is the lending business, which includes credit cards. It is inevitable that this will soon become true for fintech companies too.
In the foreground
> How LoanPro’s Visa DPS integration will “expand credit availability in this country”
By Renato Capelj
LoanPro, a leading lending platform, announced a direct integration with Visa DPS, one of the largest issuer processors for Visa debit transactions.
From the Fintech Nexus
> Plaid launches new product to make cash flow underwriting mainstream
By Peter Renton
Plaid announced a new cash flow underwriting tool called Consumer Report that represents the most comprehensive offering yet for lenders.
Podcasts
Anthony Sharett, President of Pathward, on how to properly manage banking-as-a-service
Even though the BaaS space is going through a bit of a crisis right now, there are some banks, like Pathward, that continue to serve their many…
Web seminar
Instant Payment Orchestration: Now an essential tool for lending and factoring
June 5, 2pm EDT
In today’s on-demand economy, instant payments are transforming from a nice-to-have to a must-have. In the small business space…
Also make news
- UNITED STATES OF AMERICA: Live Oak Bank Launches First Integrated Banking Partnership
Live Oak Bank has launched its first integrated banking partnership. Based on the bank’s in-house technology and a Finxact core, this offering allows software companies to directly provide Live Oak banking products and services to their customers, Live Oak Bank said in a press release on Monday (June 3).
To sponsor our newsletters and reach 180,000 fintech enthusiasts with your message, contact us here.
-
Peter Renton is president and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and is the author and creator of the Individual fintech podcastthe first and longest running fintech interview series.