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Market Impact: 0.12

HES FinTech and Acquired Expand Partnership to Put a Multi-Rail Payment Stack Behind Lending and Collections

Source: Business Wire

FintechTechnology & Innovation

HES FinTech and Acquired expanded their partnership to integrate card payments, open banking, variable recurring payments (VRPs), direct debit and payouts into LoanBox and CollectionAgent through a single API. The product expansion broadens payment capabilities for lending and collections users, but no financial terms, customer metrics or revenue impact were disclosed.

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