PayNearMe Introduces Smart Switch™ to Enable Card Processing Redundancy for Lenders

Every minute of downtime lenders experience is expensive—leading to missed payments, high customer service costs and reputational risks. By connecting lenders to multiple merchant processors through a single platform integration, PayNearMe’s SmartSwitch™ facilitates maximum uptime and reliability.

• The current industry standard for payments platform providers that serve lenders is to connect clients to a single merchant processor, which leaves these businesses vulnerable when that processor fails.

You can read more on PayNearMe’s website

March 12th, 2024 by gmcgurn@afsamail.org

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