AUSTIN, Texas — Teres Solutions has added a new module to itslineup of direct and indirect lending software aimed at linkingcredit unions to merchants.

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The SAIL Merchant Lending solution handles loan applications(including closed- and open-end and credit card accounts) andautomated or human-approved approvals through a Web-based interfacebetween the point of sale and the credit union, CUSO, bank orfinance company, the company said.

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Austin-based Teres Solutions (www.teressolutions.com) providesdirect and indirect lending software to approximately 190 clientsand was founded in 2002.

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