Alacriti’s integration into the AKUVO platform enables seamless in-platform loan payment processing
Alacriti, a leader in cloud-based payments and money movement solutions, today announced a strategic partnership with AKUVO, a technology organization specializing in collections and credit risk. This collaboration integrates Alacriti’s Orbipay EBPP loan payment solution into AKUVO’s collections platform, enabling seamless, in-platform loan payment processing for financial institutions. The partnership between Alacriti and AKUVO provides a streamlined, efficient payment processing solution that integrates directly into the collections process.
For financial institutions using Alacriti’s loan payment solution, this integration allows for a fully consolidated loan payment experience, covering loans that are current, delinquent, and in collections. This then provides the financial institution with complete visibility across all their loan payments, no matter how they are processed.
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In addition, AKUVO’s integration with Alacriti enhances its offering by allowing collections agents to process payments directly within the AKUVO platform. This integration eliminates the need for agents to switch between systems, thus streamlining operations. Collections agents have the ability to process card or ACH payments directly within their workflow. This embedded functionality ensures that agents can handle past-due loan payments more quickly and efficiently, without the need to leave the AKUVO platform.
“Combining Alacriti’s payment capabilities with AKUVO’s collections platform creates a powerful tool for financial institutions,” said Jamie Harris, Chief Sales Officer at Alacriti. “This integration delivers on our commitment to eliminate friction and barriers in the payments process for financial institutions.”
“We are thrilled to integrate Alacriti’s Orbipay EBPP loan payment solution with AKUVO’s collections platform,” comments Mike Ruggiero, SVP Relationships at AKUVO. “This partnership enhances our ability to offer seamless, in-platform payment processing, significantly streamlining the collections process for financial institutions. Our customers will now benefit from a more efficient, integrated solution that enhances visibility and operational efficiency across payments.”
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