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News From Our Members | Consumer Portfolio Services (CPS) Names PayNearMe as its Primary Payments Partner

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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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News From Our Members | Consumer Portfolio Services (CPS) Names PayNearMe as its Primary Payments Partner
Oct 18, 2022

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,… Read the rest

Best Practices in Automated Credit Dispute Handling
Oct 18, 2022

Join us on October 20th at 2:00 p.m. for Best Practices in Automated Credit Dispute Handling, sponsored by FTI Consulting

Over the past two years, there has been a significant increase in credit industry-wide. At the same time, disputes … Read the rest

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It is a good thing that new consumer credit products are affording consumers access to credit for what they want or need. But as The Wall Street Journal notes, so-called “Buy Now Pay Later” products are not offering consumers one of the most… Read the rest

The Main Event: AFSA Annual Meeting Dinner & Howl at the Moon
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AFSA meetings are known for great content. They’re famous for great networking events!

Get ready for the AFSA Annual Meeting Dinner & Show from world famous Howl at the Moon!

Get started with a delicious dinner:

Then, the biggest… Read the rest

Scammers Offering AFSA Member Lists, Discount Accommodations
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AFSA is aware that individuals are calling and emailing AFSA members offering member contact lists.

DO NOT ENGAGE WITH ANY COMPANY OR INDIVIDUAL OFFERING MEMBER LISTS.

AFSA members can always access a list of fellow members, including contact… Read the rest

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TOMORROW | Risk-Based Pricing Strategies in Auto Finance
Oct 12, 2022

Join us TOMORROW October 12 at 2:00 p.m. ET for Risk-Based Pricing Strategies in Auto Finance: Why Change and Why Now presented by Earnix.

The auto finance market has seen rapid shifts in demand for both new and used vehicle financing in the… Read the rest

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The Woodstock Institute was a big booster of Illinois’ 36% rate cap on small dollar loans.  It backed the proposal, and over the past year or so has continued to push its perspective, as though discussing it enough will make the outcome of the … Read the rest

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