Featured Private Label Recurring Payment Solution

Today's credit crisis has made it nearly impossible for merchants to offer their clients 3rd party financing. This limits the merchant's ability to compete and drives away otherwise good profitable business.

ExtendCredit.com helps merchants solve this problem by providing a comprehensive, easy to use automated, online service that enables them to offer their own flexible, payment plans to qualified Customers as well as easily manage those extended payment terms. Additionally, using ExtendCredit.com, businesses can offer their AR accounts the option to convert to a payment plan which improves collections and reduces the need for outside collection services.

Built on the Connect:SM for Cloud Commerce Platform, ExtendCredit.com integrated their customer-facing customer financing application via Connect:SM web service APIs to Connect:SM's Core Services Platform for managing products, pricing, accounts, billing, recurring payments, and collections. Connect:SM's data repository and analytics capabilities were used to generate tailored reports for merchant level and program level operations management. Customer support is provided via Connect:SM using a 3rd party call center.

Critical to the success of the program was Connect:SM's robust multi-level billing hierarchy structure. No other solution in the marketplace offered such advanced capabilities to effectively address reporting, pricing, product, processing, invoicing, payment, and access/security hierarchy requirements. ExtendCredit.com needed a single loan origination and servicing platform that could support thousands of individual merchants and hundreds of resellers across the United States. Security and privacy requirements were paramount at all levels from merchants to resellers to ExtendCredit's level.

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