REPAY is thrilled to announce it has been recognized as an approved vendor for the Canadian Lenders Association, the largest Canadian association supporting national lending via cutting-edge technology and business practices.
The Canadian Lenders Association (CLA) advocates for Canadian lenders, encourages safe and innovative lending practices, and promotes overall transparency in the industry. The CLA approved vendor list is an effort to connect lenders with reputable companies who support and foster innovation and growth within the lending industry. The companies who have been honored with this distinction are considered by CLA to be the best in class vendors for Canadian lenders.
REPAY announced its expansion into the Canadian personal loans and automotive loans markets in April 2019. With REPAY’s integrated payment processing technology, lenders and finance companies can accept payments in real-time, reducing the complexity of electronic payments for merchants while enhancing the consumers’ overall experience. REPAY’s proprietary platform easily integrates with clients’ enterprise management systems and enables lenders to accept credit and debit card and EFT/ACH payments anytime, anywhere via consumer-facing payment portals, including online web portals, text pay, IVR/phone pay, and the REPAY mobile app. With REPAY Instant Funding, lenders can immediately push funds to borrowers’ eligible debit and prepaid cards, enabling Canadian lenders to offer a fully digital funding and repayment experience.