Technology integration enables banks and credit unions to expand payment options, enhance borrower satisfaction, and streamline operations

FRANKLIN, Tenn.: #MiddlewarSolutions--Core10, a leading provider of middleware products and software development services for financial institutions and fintechs, and PayNearMe, the fintech company bringing progress to payments, today announced a strategic partnership to simplify and enhance loan repayment capabilities for community banks and credit unions.

By enabling PayNearMe’s platform with Core10’s Mesh middleware, the partnership enables financial institutions to seamlessly connect an industry-leading payment solution to their core banking system. Banks and credit unions can deploy PayNearMe’s capabilities in just weeks, accelerating their path to modernizing the payment experience.

“Partnering with Core10 is a key step in expanding our reach in the banking and credit union market,” said Michael Kaplan, Chief Revenue Officer at PayNearMe. “Core10’s Mesh platform, with its pre-built connections to major core systems, makes deploying PayNearMe fast and simple. With PayNearMe, banks and credit unions can provide borrowers with a frictionless, mobile-first payment experience – reducing agent-assisted payment interactions by up to 40%. By improving the payment experience, financial institutions can decrease delinquency, reduce call center volume, and lower their cost of acceptance.”

Core10’s existing connections to Jack Henry, Fiserv, CSI, and other major core banking providers enable financial institutions to quickly implement PayNearMe with minimal IT effort. The tight, real-time core integration ensures immediate payment posting and balance updates, improving efficiency and accuracy in transaction processing.

Through PayNearMe, banks and credit unions can offer borrowers a full suite of modern payment options, including PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards, ACH, and cash at 62,000+ retail locations, all within a single integration. This flexibility ensures borrowers can pay using their preferred methods, increasing on-time payments and successful self-service transactions while reducing costly support calls. Additionally, PayNearMe consolidates the reconciliation process, allowing back-office staff to view all transactions in a single file and significantly reduce manual reconciliation costs.

“Core10 is dedicated to helping financial institutions innovate faster,” said CEO Jeff Hanson, Core10. “Our Mesh middleware makes it easy for financial institutions to connect new fintech solutions into their ecosystems, and PayNearMe is an ideal payments partner. Together, we’re helping banks and credit unions deliver exceptional payment experiences that drive down costs through streamlined operations and improved payment success rates.”

About PayNearMe

PayNearMe develops technology that drives better payment experiences for businesses and their customers. Our modern, flexible and reliable platform helps businesses increase customer engagement, improve operational efficiency, and drive down the total cost of acceptance. PayNearMe enables more ways to pay by offering major payment types and channels in a single platform.

PayNearMe processes all major forms of payment including PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards and ACH, as well as cash through our proprietary electronic cash network of more than 62,000 retail locations in the U.S.

Thousands of businesses partner with PayNearMe to manage the end-to-end customer payment experience in industries such as Consumer Lending, iGaming and Online Sports Betting, Property Management, Tolling and Legal.

To learn more about PayNearMe, please visit www.paynearme.com. Follow PayNearMe on X, LinkedIn and Facebook. The PayNearMe service is operated by PayNearMe MT, Inc., a licensed money transmitter.

About Core10

Founded in 2016, Core10 is a U.S.-based provider of middleware solutions and software development services tailored for financial institutions and fintechs. Core10’s Mesh middleware platform empowers financial institutions to seamlessly connect their core banking systems with best-in-class fintech partners while offering fintechs a streamlined path to core banking integrations.

Complementing its product offerings, Core10’s professional services team specializes in API development, core connectivity, and custom software solutions. With deep expertise in financial technology, Core10 helps clients navigate complex regulatory and compliance landscapes while staying ahead of industry trends.

For more information, visit www.core10.io.

Fonte: Business Wire