eCheckTrac

eCheckTrac is a web-based software solution designed to manage payday loans, cash advances, title loans, installment loans, and revolving credit. According to the vendor, it offers tools for efficient loan management from any location. eCheckTrac caters to businesses of all sizes, including payday loan providers, cash advance providers, title loan providers, installment loan providers, and credit services organizations (CSO).

Key Features

Payday Advances: According to the vendor, eCheckTrac provides web-based software for managing payday loans and cash advances. It offers tools for efficient loan management across different business sizes.

Title Loans: The vendor claims that eCheckTrac's software simplifies auto title loan management. Title loan providers can utilize similar features available for payday loans and installment loans. The software provides comprehensive administration and customization options for title loan programs.

Installment Loans: According to the vendor, eCheckTrac's software allows for flexible payment options for installment loans. Users can customize various consumer loan programs. The software provides comprehensive administration tools for managing installment loans.

CSO / CAB Support: The vendor states that eCheckTrac offers full support for businesses operating under the CSO (Credit Services Organization) model. The software includes CSO-specific reporting and supports advances, title loans, and installment loans. It provides features tailored to the needs of CSO-based businesses.

Revolving Credit: According to the vendor, eCheckTrac offers software for diversifying business offerings with open-ended credit. The software provides a fully customizable revolving line of credit product. It streamlines the workflow with automated statement cycling.

Internet Storefront 2.1: The vendor states that eCheckTrac's Internet Storefront 2.1 is a website integration API for seamless integration with the software. It allows for easy integration of the company's website with eCheckTrac software. New client accounts can be created directly in eCheckTrac, and existing customers can sign in to manage their accounts, request new loans, and initiate payments.

Veritec State Databases: According to the vendor, eCheckTrac is certified and integrated with all Veritec State Databases. This integration ensures compliance with state regulations and reporting requirements. Users can easily access and utilize Veritec State Databases within the software.

State Specific Audit Reports: The vendor claims that eCheckTrac provides state-specific audit reports to meet the data requirements of examiners. These reports are tailored to the specific regulations and reporting standards of each state. Users can generate and provide the necessary data to comply with state audits.

Periodic CSO Fee Payments: According to the vendor, eCheckTrac allows for offering borrowers extended-term loans with CSO fees due periodically over the life of the loan. This feature enables businesses operating under the CSO model to manage fees and payments efficiently. It provides flexibility in structuring loan terms and managing CSO fees.

Solutions By Text Partnership: The vendor states that eCheckTrac is partnered with Solutions By Text to provide text messaging services. This partnership allows for seamless integration of text messaging capabilities into the software. Users can utilize text messaging for communication with borrowers, reminders, and other customer interactions.