NORCROSS, GA, August 8, 2007 CoreCard Software , a leading provider of prepaid and credit processing and licensed software, announced today that it has added installment loan functionality to its range of credit, debit and prepaid software solutions.
The new installment loan module provides functionality and options to efficiently record, maintain and report on the entire closed-end lending process including loan origination, document creation, customer service, early payoff and collections. CoreISSUE’s loan module supports basic installment loans as well as the automatic creation of installment loans from a specific purchase or transfer of a revolving credit balance to an installment loan.
“The new installment loan capability adds an important dimension to our credit software portfolio,” said Leland Strange, Chief Executive Officer of CoreCard. “It enhances the credit options for our CoreISSUE clients, who can tailor this solution to meet their specific business needs.”
CoreISSUE is a sophisticated and flexible transaction payment processing and reporting system. Because each financial institution has its own distinctive products and procedures, CoreISSUE allows clients to customize their processing to satisfy unique internal requirements while simultaneously meeting broader regulatory requirements.
To keep pace with the increasing need for international functionality, the CoreISSUE system provides multi-currency and multi-language processing.
About Wohlrab Consulting
Wohlrab Consulting provides management consulting to the financial services industry with a primary focus on credit, debit, stored value, RFID contactless, EFT, and transaction processing.
Wohlrab Consulting has recognized the challenges facing the industry today and provides the expertise needed by its clients to meet the challenges of an ever changing market. By utilizing the services of Wohlrab Consulting, clients have the resources to meet their needs without having to increase the size of their organization.
About CoreCard Software, Inc.
CoreCard Software, a leading provider of card management systems and processing services, offers an array of account management solutions to support the complex requirements of the evolving global financial services industry. The CoreCard® software solutions provide the market’s most feature-rich platform for processing and managing a full range of card products including prepaid/stored-value, fleet, credit, debit, commercial, government, healthcare and private-label cards as well as accounts receivable and loans. Headquartered in Gwinnett Innovation Park in Norcross, GA with additional offices in India and Romania, CoreCard is a subsidiary of CoreCard Corporation (NYSE: CCRD). For more information, call 770-564-8000 or visit www.corecard.com.
Media Contact: Sharon Cuppett