SHERMAN OAKS, Calif., Could 21, 2020 /PRNewswire/ — LendingUSA, a number one point-of-sale financing answer, at this time introduced the launch of their new immediate ID verification function, bettering id safety for debtors, and streamlining your complete loan software & funding course of for retailers.
As part of LendingUSA’s dedication to repeatedly innovate and provide the most effective point-of-sale financing answer, this immediate ID verification function goes above and past to make sure enhanced safety for each applicant, in addition to quicker funding for retailers.
This immediate ID Verification function accelerates and simplifies the borrower software circulate. Not solely does the automation improve the borrower expertise, it additionally improves the validation course of, whereas staying compliant with KYC.
The way it works:
Upon choosing a proposal, the moment ID verification will ship a textual content message to the borrower, prompting them to substantiate their id. The borrower will then take three pictures: back and front of their government-issued identification card, in addition to a selfie.
As quickly because the borrower submits their pictures, LendingUSA’s new Instantaneous ID verification function verifies the borrower’s government-issued id mechanically in underneath 30 seconds. Upon affirmation, each the borrower and service provider are notified. Study extra about immediate ID verification right here.
“At LendingUSA, we’re dedicated to constant enhancements and product improvements that can proceed to guard our debtors and retailers from fraud, whereas additionally enhancing their general expertise with us,” says Camilo Concha, Founder & CEO of LendingUSA. “This is only one of many product improvements our groups are engaged on within the months to return that can elevate the LendingUSA expertise.”
LendingUSA is an award-winning point-of-sale (POS) fintech firm that provides retailers a seamless financing answer with entry to loan choices in seconds, promotional financing phrases, and low month-to-month cost choices for its clients throughout numerous specialty area of interest markets.
Based in 2015, LendingUSA has grown to over 8,000 retailers nationwide and has processed over $2 billion in borrower loan requests. LendingUSA is dedicated to creating the most effective financing expertise accessible by its proprietary point-of-sale lending answer. LendingUSA works intently with its service provider companions, offering the instruments and coaching they should simply and effectively maximize buyer financing approvals and develop their enterprise. Loans provided vary from $1,000 as much as $35,000. The corporate additionally boasts a median client score of 4.Eight out of 5-stars.
All loans are made by Cross River Bank, a New Jersey state-chartered bank, Member FDIC. For extra info, please go to www.LendingUSA.com
Tyson Wigfall, Director of Advertising and marketing, LendingUSA
Introducing LendingUSA’s Instantaneous ID Verification