Payment Services

Whitman Technological provides an electronic payment service that allows the lenders that use our Moneylender Professional software to accept automatic payment from their borrowers. When a lender enrolls a borrower in automatic payments, Whitman Technological sends that borrower a request to authorize direct debit from their bank account. With both the lender’s and borrower’s approval Whitman Technological transfers the scheduled payments from the borrower to the lender, automatically updating the affected loan’s payment history and balance. This service adds convenience and reliability for all parties.

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