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

Key Benefits of REFUND Plus®:

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

Are you a client of CU Direct? REFUND Plus® has direct integration available for you! Have necessary files automatically sent with ease. Learn more here!