FREE PAMPHLET

Skip Loan Payments In A Matter Of Seconds

Automate loan skipping with Skip-A-Pay, offering real-time financial relief for account holders while saving your staff thousands of hours. Learn how Tyfone’s solution boosts efficiency, generates revenue, and enhances member satisfaction.

Skip-A-Pay

Is your financial institution hesitant to offer Skip-A-Pay benefits to account holders due to concerns about the impact on your back-office operations? Your staff spends an average of 45 minutes to process a loan skip manually. Not only are manual skips time-consuming but they can also increase the risk of errors. Our Skip-A-Pay solution changes everything by enabling automated loan skipping year-round with no impact to credit score. Skip-A-Pay saves your staff thousands of hours, generates revenue through skip fees and delights your account holders.

More Flexibility For Your Account Holders

Avoiding loan payments can lead to inconvenience, resulting in feelings of embarrassment and a pressing need for prompt solutions. With our Skip-A-Pay solution, your account holders have the flexibility to skip eligible loans at their convenience from anywhere.

Step 1:
Identify Account

No login required

Step 1:
Identify Account

No login required

Step 2:
Select Loan

Real-time Qualification
Account Holder
Loans

Step 2:
Select Loan

Real-time Qualification
Account Holder
Loans

Step 3:
Confirm Skip

Advanced Due Date
30 Day Default
All Pay Frequency Supported

Step 3:
Confirm Skip

Advanced Due Date
30 Day Default
All Pay Frequency Supported

Step 4:
Select Fee Method
& Agree To Terms

Multiple Fee Methods
Internal Transfers
Credit/Debit Cards
Add to Loan Balance
PayPal

Loan Specific Fees

Tiered Fees Based On
Loan Payment Amount
Loan Type

Step 4:
Select Fee Method
& Agree To Terms

Multiple Fee Methods
Internal Transfers
Credit/Debit Cards
Add to Loan Balance
PayPal

Loan Specific Fees

Tiered Fees Based On
Loan Payment Amount
Loan Type

Step 5:
That’s It!

Loan Payment Skipped

Core Updated in Real-time
Due Date Updated
Scheduled Payments Deferred
Internal Transfers
ACH (Origination) Transfers
Loan Maturity Date Updated
Skip Fees Charged

Immediate History Available

Step 5:
That’s It!

Loan Payment Skipped

Core Updated in Real-time
Due Date Updated
Scheduled Payments Deferred
Internal Transfers
ACH (Origination) Transfers
Loan Maturity Date Updated
Skip Fees Charged

Immediate History Available

Hear What Our Customers Are Saying

Leading financial institutions nationwide partner with Tyfone to achieve strategic objectives, retain accountholders, acquire new business, and turn their vision into reality. Hear their stories.

Tracy Ingram

Chief Digital And Infrastructure Officer
Achieva Credit Union

“The Skip-A-Pay solution has consistently delivered valuable benefits to our members, offering them crucial flexibility when they need it most. The solution itself and the way it’s so flexible provide significant advantages.”

Jim Daly

Vice President & Chief Information Officer
Diamond Credit Union

“Skip-A-Pay has been essential for some of our members. Previously we used a product where every step was manual. With Tyfone’s Skip-A-Pay we now provide a self-serve product to our members that’s very well received by thousands of members. We see Skip-A-Pay as an enhancement to our members’ financial well-being and it’s driven by their needs. We let them know it’s available and they decide when to use it, so it’s a very consumer friendly product.”

Learn More About Skip-A-Pay

2024-07-12T15:46:52-07:00
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