Business Operations · Payments & BillingstructuralBillingFintechB2CIntegration

Loan servicer payment-processor migrations cause duplicate post-payoff charges

When a lender switched the payment processor handling a customer's installment loan mid-contract, the customer was charged again after the loan was already paid off in full. Support could not produce proof that a promised refund had actually posted, leaving the customer to independently verify with their own bank.

2mentions
1sources
5.05

Signal

Visibility

5

Leverage

Impact

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