LoanPro has made a name for themselves as a scalable lending platform. Now, they are beefing up their credit card platform with the announcement of a new integration with Visa.
Visa DPS (Debit Processing Service) is one of the world’s largest issuer processors of Visa debit transactions globally and with this integration with LoanPro it will help companies better launch, service and manage card programs.
One of the unique new features is Transaction Level Credit™ which allows for 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 space towards credit in response to pressure on debit card fees and the growth of pay by bank. This new program from LoanPro will make it easier for these companies to make the leap.
The largest profit center for most banks is their lending business, which includes credit cards. It is inevitable that this will soon be true for fintech companies.
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LoanPro, a leading credit platform, announced a direct integration with Visa DPS, one of the largest issuer processors for Visa debit transactions.
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