News From Our Members | Consumer Portfolio Services (CPS) Names PayNearMe as its Primary Payments Partner
Consumer Portfolio Services (CPS) Names PayNearMe as its Primary Payments Partner to Accelerate the Auto Lender’s Digital Transformation
PayNearMe, a fast-growing fintech company radically improving the customer payment experience, announced Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS”) named PayNearMe as its primary payments partner. This partnership will accelerate the auto lender’s digital transformation and deliver a frictionless customer experience across all digital payment types – cash, debit, ACH and mobile-first payment options including PayPal, Venmo and Apple Pay. PayNearMe also will enable CPS to digitize and simplify payments through every channel, including agent, web, mobile, IVR and digital wallet.
“PayNearMe has proven to be a key partner in our digital transformation,” said Mike Lavin, Chief Operating Officer, CPS. “With its innovative technology solutions, we have eliminated onsite cash payments, dramatically reduced the number of customers who pay by check, and transitioned the majority of our customers to electronic payments through greater pay options.”
Learn more about today’s announcement from PayNearMe.
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October 18th, 2022
