Skip-A-Pay2024-07-12T15:42:36-07:00

Skip any loanany wayfrom anywhere

Life happens. Always be there for your account holders.

Skip-A-Pay saves your staff thousands of hours, generates revenue through skip fees and delights your account holders.

We have seen our customers generate over $125,000 in skip fee revenue in less than six months. Don’t miss out and discover how you can achieve similar success today!

Eliminate The Pain Of Manual Skips

Have you been worried about offering loan skips to your account holders because of the impact it can have on your financial institution’s 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.

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

Give Your Account Holders Real-time Financial Relief

Your account holders want flexibility, control, and anonymity when it comes to skipping their loan payments.

Tyfone’s Skip-A-Pay offers users a simple and convenient way to skip their payments from home.

Automate All Processes In Real-time

Save your staff thousands of hours annually by eliminating manual payment processing. Advance payment due dates, update payments, extend loan maturity dates, and charge fees.

Fully Customizable

Skip-A-Pay offers admin controls to determine who is qualified to skip loans and which type of loan is eligible. Our solution also supports variable fees by loan type and allows personalized branding with custom colors, logos, and language.

Quick Time To Value

You can have our solution up and running in just a few weeks, enabling you to quickly start providing value to your account holders.

Reduce Operational Costs

Access a comprehensive self-service solution that lowers your internal operational expenses and staffing needs, while providing a delightful experience to your account holders.

Increase Non-interest Income

Generate income beyond loan interest through skip fees to offset administrative costs and boost your profitability.

Integrate Skip-A-Pay Into Your Digital Banking Platform

Providing a seamless and integrated experience is very important for us. That’s why we designed Skip-A-Pay to be digital banking agnostic, easily integrating with any digital banking platform including our own nFinia digital banking platform.

Skip-A-Pay offers unparalleled flexibility and allows you to deliver an efficient and user-friendly option for your account holders looking to defer loan payments.

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

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