Rise is a powerful loan payment collection module that leverages faster payments. With Rise, credit unions can receive guaranteed funds from outside their institution in real time. Additionally, many credit unions struggle with obtaining loan payments from other financial institutions, particularly associated with indirect lending. This causes not only an inconvenience for the member but also an increased likelihood for a loan to become delinquent. Rise is a faster and simpler way to collect loan payments that helps reduce delinquency and improve the member experience. It also allows a credit union to receive a loan payment from another institution within the RTP network. This allows the borrower to better manage their cash flow while ensuring their payments are received on time.
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