Market Overview

Speedpay Selected as Billing and Payments Provider for Rapid Auto Loans


Speedpay's platform will provide Rapid Auto Loans' customers with a
convenient, efficient electronic payments experience

®, a Western Union subsidiary, announced it was
selected as the electronic billing presentment and payments provider for Rapid
Auto Loans
, a Florida-based consumer finance company specializing in
immediate short-term cash loans on vehicles. As part of its agreement
with Speedpay, Rapid Auto Loans will now offer customers a personalized,
efficient payments experience through Speedpay's industry-leading

"We understand there's no one-size-fits-all solution to payments, so we
worked with Rapid Auto Loans to configure a solution that addresses
their customers' needs," said Frank Lockridge, senior vice president,
Western Union Global Payments and head of Speedpay. "Working together
closely, we were able to implement an efficient payments solution to
help Rapid Auto Loans save money."

Prior to signing with Speedpay, Rapid Auto Loans faced challenges with
payment processing. Looking for a convenient offering that provided them
with more control, the family-operated company selected Speedpay, which
created a payments experience designed to meet the needs of Rapid Auto
Loans' customers.

"We are committed to providing personalized experiences for customers
who have immediate funding needs and working with organizations that
align with our brand values," said Vana Gerardi-Ross, chief operating
officer, Rapid Auto Loans. "It was important for us to find a
cost-effective, comprehensive payments provider with a focus on digital
customer solutions to help us develop a specialized offering – and we
found that with Speedpay."

Due to Speedpay's near perfect uptime, Rapid Auto Loans can process
payments with very few interruptions and customer service representative
interactions. Speedpay drives measurable results for clients by
developing payments strategies that are proven to maximize ROI, reduce
costs, increase efficiency and improve customer experience and

About Speedpay

Speedpay, a Western Union subsidiary, is a pioneer in the billing and
payments industry, driving measurable results for clients for nearly 30
years. Speedpay provides expert, account-based consultation to develop
bill presentment and payments strategies tailored to clients' unique
needs. From web to mobile, IVR, CSR or walk-in, Speedpay offers
innovative solutions that help simplify the customer payment experience
to ensure customers can pay according to their preferences, and billers
get paid on time. Our configurable approaches that help billers manage
billing and payments are proven to maximize ROI, reduce costs, increase
operational efficiency and improve customer experience and satisfaction.
For more information, please visit
or follow us on LinkedIn.

About Western Union

The Western Union Company (NYSE:WU) is a global leader in cross-border,
cross-currency money movement. Our omnichannel platform connects the
digital and physical worlds and makes it possible for consumers and
businesses to send and receive money and make payments with speed, ease,
and reliability. As of June 30, 2018, our network included over 550,000
retail agent locations offering Western Union, Vigo or Orlandi Valuta
branded services in more than 200 countries and territories, with the
capability to send money to billions of accounts. Additionally,,
our fastest growing channel in 2017, is available in 45 countries and
territories to move money around the world. In 2017, we moved over $300
billion in principal in nearly 130 currencies and processed 32
transactions every second across all our services. With our global
reach, Western Union moves money for better, connecting family, friends
and businesses to enable financial inclusion and support economic
growth. For more information, visit

View Comments and Join the Discussion!