AUSTIN, Texas — Teres Solutions has added a new module to its lineup of direct and indirect lending software aimed at linking credit unions to merchants.
The SAIL Merchant Lending solution handles loan applications (including closed- and open-end and credit card accounts) and automated or human-approved approvals through a Web-based interface between the point of sale and the credit union, CUSO, bank or finance company, the company said.
Austin-based Teres Solutions (www.teressolutions.com) provides direct and indirect lending software to approximately 190 clients and was founded in 2002.
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