PayNearMe has announced a partnership with GOLDPoint Systems, aiming to enhance payment options for borrowers and reduce operational expenses for lenders. This collaboration integrates PayNearMe's payment platform with GOLDPoint Systems' loan management software, offering expanded payment methods.
Michael Kaplan, Chief Revenue Officer of PayNearMe, stated, “This strategic partnership with GOLDPoint Systems marks a significant milestone in our expansion into the personal lending market.” He emphasized that the integration of their technologies will help lenders offer more convenient repayment options.
The partnership enables GOLDPoint Systems' clients to accept various payment forms through a single integration. These include traditional payments like cards and ACH, as well as alternative methods such as Venmo, PayPal, Cash App Pay, Apple Pay, Google Pay, and digitized cash payments. The move is expected to reduce costs by minimizing in-branch cash handling and streamline reconciliation processes.
Garret MacArthur from GOLDPoint Systems expressed enthusiasm about the partnership: “Our partnership with PayNearMe will give our lending customers another great option in the payment processing industry.”
PayNearMe offers a comprehensive platform that processes major payment types including Cash App Pay and Venmo. It operates an electronic cash network across 62,000 U.S. retail locations.
GOLDPoint Systems provides extensive loan management software covering all aspects of the loan life cycle and supports seamless integrations through its robust API library.