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The operating system to launch any financial product

Managing payments no longer have to be difficult. We automated NACHA process and have integrated with a variety of payment processors to make this process easy for our lenders.

Our clients no longer have to manually build file and/or move file for their banks to process. We’ve built software to automatically send files to banks or payment processors and process return files automatically as well. Alchemy Pay will interact with the rest of the lending platform to set payment and loan status.

Generally speaking, payment management is one of the biggest pain points with lenders. Orginations and underwriting happen one time, but payments is a recurring issue and could cause a lot of problems if the process is not automated or monitored.

Automation
Every payment is scheduled and automatically processed when the payment is due. Whether our client is using NACHA files or API with their payment processor, our Alchemy Pay system can handle the entire repayment process.

Monitoring
Payments gets rejected sometimes and if lenders aren’t careful, payment might be missed and loan statuses might be set incorrectly. Alchemy Pay scans through all the payments and updates the payment and loan status automatically so you never miss an opportunity to contact the customer and begin your collections process.

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WHAT ARE THE BENEFITS?

Full customization, use a little or a lot, it’s up to you.

  • Alchemy Pay

    Alchemy Pay is part of the overall Alchemy Lending Platform. Alchemy Pay automates payments for our clients so they don’t have to manually move files. Alchemy Pay’s automatically processes payment returns and set the right payment and loan status.

  • Partners

    We work with a variety of payment processors to help our clients to process their payments and repayments. Whether our client is running a prime or a subprime portfolio, we can always find a partner within our network of payment processors to process their payments with ease.

  • Balance

    Alchemy Pay can balance your payments with multiple payment processors to balance our client’s risk. We can help our clients to design algorithms to send certain payments with certain characteristics to different payment processors to avoid certain risk with respect to payment bounce rates.

Alchemy Pay

Alchemy Pay is part of the overall Alchemy Lending Platform. Alchemy Pay automates payments for our clients so they don’t have to manually move files. Alchemy Pay’s automatically processes payment returns and set the right payment and loan status.

Partners

We work with a variety of payment processors to help our clients to process their payments and repayments. Whether our client is running a prime or a subprime portfolio, we can always find a partner within our network of payment processors to process their payments with ease.

Balance

Alchemy Pay can balance your payments with multiple payment processors to balance our client’s risk. We can help our clients to design algorithms to send certain payments with certain characteristics to different payment processors to avoid certain risk with respect to payment bounce rates.

“Based on our vision for ISAs and the future of education financing, we searched for a team with both technical and payment expertise to augment our internal capabilities. By partnering with Alchemy, we expedited our timeline and were able to go to market in only a few months. Now, Meratas is the leading Income Share Agreement (ISA) software company, providing a full-service, turnkey, SaaS platform to design, originate, and manage ISAs.”

Darius Goldman

CEO, Meratas Inc.

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