LoanPro + Visa DPS: Launch Next-Gen Credit Card Programs
LoanPro’s direct integration with Visa DPS is set to revolutionize the card industry by providing card issuers, brands, financial institutions, and fintechs with a unified platform to deploy truly differentiated credit card programs.
To disrupt an industry requires a laser focus on innovation and a drive to deliver better products for your customers, and I immediately saw both in LoanPro. LoanPro is moving the card industry forward with its platform's unique capabilities in configurability, scalability and compliance. 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.
Next-gen support throughout the customer lifecycle
LoanPro streamlines your credit card operations from account opening to servicing and collections.
Origination Suite
Connect to any issuer, underwriting tool, and decisioning engine through LoanPro’s API-first platform.
Modern Lending Core
Track all card events in our real-time ledger while using Compliance Safeguard to keep you in line with the CARD Act and other regulations.
Servicing Suite
Automate servicing for cards so customers can request draws, make payments, change due dates, and more.
Collections Suite
Provide payment flexibility and hardship programs for customers who are past due on payments.
Payments Suite
Set up AutoPays and provide ultimate payment flexibility by storing tokenized payment profiles in LoanPro’s Adaptive Wallet.
Launch truly differentiated credit card programs
LoanPro’s API-first, configurable architecture allows our customers to launch targeted, differentiated credit card programs. Here are a few examples.
Consumer cards
Active military duty card
Customer experience:
- Lower interest rates on geofenced spending: Groceries and gas within a five mile radius of home incur a reduced 3% interest rate during deployment.
- On base promotions: A reduced 7% interest rate for Commissary and BX purchases.
- Family support: One-time $500 statement credit for air travel incentive to visit family during deployment.
Back-office experience:
- Flip to installment: Convert large purchases into pay-in-four installment loans with the click of a button, reducing carrying costs for you and the customer.
- Flexible payment acceptance: Accept full or partial payments in store, online, or over the phone, whether they’re cash, card, check, or ACH.
- Payment programs: Drive repayment by offering qualifying customers due date changes, payment plans, and hardship programs.
Business credit cards
Construction card
Customer experience:
- Convert to installment: Convert transactions or balances to installment loans to reduce cost of capital.
- Transaction-level credit: Land purchase rolled into installments with 5% interest rate, while materials remain on line of credit at 10% interest rate and labor at 15% interest rate.
- Multiple access points: Direct disbursement to customer for amounts <$5k ($50k total). Remainder must be invoiced by contractor.
Back-office experience:
- Unique payment schedules: Create repayment schedules that align with varying merchant needs and your risk profile.
- Collateral Tracking: Associate single or multiple pieces of collateral to a line of credit to reduce risk.
- Merchant cash advance: Tie repayment directly to revenue of the business to increase differentiation and reduce default rate risk.
Create business value with LoanPro’s configurable credit card infrastructure platform
Increase operational efficiency
Eliminate manual tasks and scale your portfolio with unified servicing and collections tools.
Increase customer retention & loyalty
Deliver unparalleled personalization from the moment an application comes into view with full ownership over the entire customer lifecycle.
Drive growth
Bring all operations in-house, increasing revenue and margins compared to the returns received from third-party management.
Reduce risk
Ensure compliance with a platform that actively monitors and rapidly adapts to changing regulations.
Ready to take your credit card programs to the next level?
Talk with our team today about how LoanPro’s integration with Visa DPS can empower your credit card offerings.