Finmkt Partners With Secure Payment Systems for New Consumer Lending Solution

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March 16, 2020

FinMkt, Inc., a U.S.-based provider of technology and infrastructure for the online lending industry, announced on Tuesday it has teamed up with Secure Payment Systems to integrate EZPAY Advantage, Secure Payment Systems’ retail and e-commerce consumer lending solution to FinMkt’s multi-lending consumer financing point of sale platform.

The duo reported that under the terms of the agreement, EZPAY Advantage is now supported in FinMkt’s retail platform to offer consumers across the credit spectrum multiple financing options for their purchases. FinMkt will provide the merchant management gateway and customer-facing loan application while SPS will fully underwrite and settle the transactions utilizing FinMkt’s proprietary lending as a service (LaaS) and risk management solution.

Speaking about the collaboration, Luan Cox, FinMkt’s CEO, stated that Secure Payment Systems’ products are a great addition to the FinMkt platform and will provide what she thinks is affordable solutions for consumers, which includes those with less than perfect credit.

“This partnership exemplifies what FinMkt is all about. Our technology can be leveraged end-to-end or in modules to significantly improve the capabilities and reach of our financial services clients.FinMkt’s powerful LaaS is completely customizable to meet the unqiue needs of each valued partner.”

Linden Fellerman, CEO and President of Secured Payment Systems, concluded:

“We are excited to be working with a premier Fintech company to enhance their platform and increase distribution of our EZPAY Advantage solution.  We believe providing additional payment options for consumers not only helps the retailers increase their revenue but also gives consumers flexibility for purchases they might not otherwise be able to afford.  We look forward to a long and significant relationship with FinMkt.”

About Secure Payment Systems

Founded in 1996 and headquartered in Las Vegas, NV Secure Payment Systems ("SPS") provides fully redundant payment processing solutions to over 10,000 retail, lending, wholesale, and corporate endpoints across North America. SPS facilitates the transfer of value by providing businesses with a full range of transaction processing, reporting, and risk management tools so they may quickly and confidently accept payments, pay vendors, or transfer funds at the POS or on the WEB. These solutions include underwriting and guaranteeing eCheck transaction risk, deferred payment programs allowing consumers to stretch retail purchases up to 18 months, automated origination of recurring & one-time ACH debits and credits, electronic remote check imaging & deposit, gift & loyalty card processing, as well as internal and external third party database verification access for a complete POS risk management solution.




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