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REFUND Plus

  • Credit Unions
  • Banks
  • Finance Companies
  • Auto Dealers
  • Utilities

Optimizing the Product Cancellation Process

Stricter regulations surrounding the timing, accountability, and amount of product refunds has placed an increased burden on auto lenders. A compliant system needs to be in place to ensure refunds are issued in a timely and effective manner. This solution helps streamline the cancellation process of aftermarket products due to early payoff, repossession, total loss, charge-off, and abandonment while ensuring compliance.

REFUND PlusTM provides comprehensive support for the cancellation of GAP, Credit Life & Disability, Vehicle Service Contracts, and AD&D.

 

How REFUND PlusTM Works

How REFUND PlusTM Works

 

Key Benefits of REFUND PlusTM:

  • Maintain regulatory compliance and lighten internal administrative burden 
  • Gain control of owed refunds
  • Improve auditable trail of the entire refund process

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