March 14, 2017 10:00 AM Eastern Daylight Time
FORT WORTH, Texas -- (BUSINESS WIRE) -- Payix® announced it has launched as a new company providing collections tools, payment processing resources and business intelligence solutions to U.S. lenders and auto dealers. Offering white-label services and real-time loan management system (LMS) integration, the fintech firm helps its clients connect with their borrowers and improve their ability to collect payments – especially with Payix’s intuitive, engaging and affordable mobile collections application.
The Payix mobile app and other collections tools – including web, interactive voice response (IVR), and collector portal applications, as well as a client administration portal (CAP) -- provide lenders and auto dealers with unprecedented control of their payment channels. In addition, Payix has built a one-of-a-kind, powerful borrower communication channel that provides lenders a new way to talk with their borrowers in real time. These solutions are designed to help any size client, can easily be added to complement and work alongside other collections tools already in place, and can work with the lender’s loan management system.
“Fintech firms have worked wonders on the originations side of lending, but other than at the largest institutions, they haven’t focused on bringing better technology to the collections environment -- until now. Payix has created collections tools and payment processing resources for any size financial institution or auto dealer to use so they can improve the way they connect with their borrowers and increase their ability to collect payments,” said Payix President Chris Chestnut. “Payix’s solutions are affordable and easy-to-use, and they’re built to help lenders promote their own brands with their borrowers.”
Chestnut said the mobile collections app is particularly useful with what Payix calls Smartphone Dependent BorrowersTM – the growing number of millennials and subprime borrowers who want to conduct personal business online and don’t always have easy access to personal computers. So by choice or necessity, they increasingly turn to their smartphones to make purchases and pay bills.
In addition to offering collections tools, Payix offers payment processing solutions. The company is a registered independent sales organization (ISO) of Deutsche Bank AG, New York, NY, and is powered by First Data. It transacts e-commerce payments through its own proprietary payment gateway. Payix also offers its clients business intelligence solutions to help them better understand their customers’ payment patterns and communication preferences.
Payix provides collections tools, payment processing resources and business intelligence solutions to the nation’s lenders and auto dealers. Offering white-label services and real-time loan management system (LMS) integration, the fintech firm helps its clients connect with their borrowers and improve their ability to collect payments. Payix was founded in 2016 and is based in Fort Worth, Texas. For more information, visit https://payix.net.