Third Party Integration with Payliance

Payliance is a financial technology company that specializes in payment processing solutions, risk management, and compliance services. They offer a range of products and services designed to help businesses streamline their payment processes, mitigate risk, and ensure regulatory compliance.

---

SparkLMS integrates with the best breed of third-party solutions in the Lending Eco-system to run a lending portfolio easily and profitably. Payliance + SparkLMS integration will allow lenders to provide online payment processing capabilities to their borrowers.

What it does

With this integration, lenders will be able to perform

• Collect loan repayments within SparkLMS.
• Protect sensitive payment data with advanced security measures.
• Ensure adherence to industry regulations and standards.
• Streamline payment tasks for improved efficiency.
• Gain actionable insights into payment trends and performance.

Benefits

• Offer borrowers the flexibility to repay loans via ACH or card payments.
• Access expanded card data insights in real-time with Card Verify.
• Leverage all available Nacha processing windows for efficient payment processing and fund transfers.
• Offer debt repayment interchange discount program options.
• Process card transactions securely from any location with the Payliance Virtual Terminal

Pre-requisites

After onboarding your lending portfolio on SparkLMS, you must set up an account with Payliance. We will guide you through the entire process of setting up Payliance in your instance of SparkLMS.