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Paydit and LoanPro Announce Strategic Partnership to Streamline Collections and Boost Recovery Rates for Lenders

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MIAMI, Feb. 15, 2024 /PRNewswire/ — Paydit, the leading collections automation platform, and LoanPro, the API-first modern lending and credit platform, are excited to announce a new strategic partnership aimed at improving collections and recovery rates for lenders. This integration provides a seamless solution for lenders to manage past-due accounts, automate collections, and help consumers get back on track with their loans which ultimately decreases default rates and increases margins for lenders.

Rising default rates and decreasing margins continue to be growing concerns for all types of lenders. In 2023, default rates for personal lenders rose by approximately 20% and margins for financial institutions plummeted by approximately 30%.

This strategic partnership addresses these concerns by allowing lenders to seamlessly send past-due accounts between LoanPro’s modern credit platform and Paydit’s powerful collections platform, which utilizes advanced automation technology to streamline the collections process. This integration enables customers of LoanPro and Paydit to receive the best of both worlds in a streamlined approach to loan servicing and collections by minimizing manual work and increasing operational efficiency.

“We are thrilled to partner with LoanPro and offer lenders an integrated solution that can save our mutual customers time and resources while improving collections performance,” said Richard Formoe, Co-Founder and CEO of Paydit. “Our platform’s unique approach to collections management, combined with LoanPro’s robust loan management and servicing capabilities, provides a comprehensive solution for lenders looking to optimize their loan recovery process.”

“LoanPro is committed to providing customer delight and our partnership with Paydit enables us to offer even greater value to our mutual customers by reducing risk and increasing operational efficiency,” said Rhett Roberts, Co-Founder and CEO of LoanPro. “We are confident that this strategic partnership will empower lenders to improve their recovery rates and help consumers get back on track with their financial commitments.”

About Paydit
Paydit is the #1 collections automation platform for lenders that instantly streamlines their collections process and improves recovery rates. By utilizing artificial intelligence and advanced automation technology, Paydit’s platform enables personalized communication cadences & strategies with a user-friendly interface that enhances the collections experience for both lenders and consumers. For more information, visit https://www.paydit.com

About LoanPro
LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ financial organizations use LoanPro to transform their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture, allowing lenders to enhance their origination, servicing, payments, collections, all built on the foundation of a modern lending core. For more information, visit https://www.loanpro.io/.

Media Contacts:
Paydit
Contact@paydit.com
877-360-6637

LoanPro
Colton Pond
Chief Marketing Officer
colton.pond@loanpro.io
801.898.7694

View original content:https://www.prnewswire.com/news-releases/paydit-and-loanpro-announce-strategic-partnership-to-streamline-collections-and-boost-recovery-rates-for-lenders-302063141.html

SOURCE Paydit Inc

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Medical Express Ambulance, Inc. Customers Whose Data May Have Been Compromised

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NEWTOWN, Pa., April 28, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at Medical Express Ambulance, Inc. (“MedEx”). MedEx learned of suspicious activity on its network in March 2024.

About Medical Express Ambulance, Inc.

MedEx is a Chicago-area provider of medical transportation services, including emergency response, life support, and air ambulance transport.

What happened?

On or about March 18, 2024, MedEx learned that certain personal information of patients they have transported may have been stolen in a data breach. MedEx launched an investigation with the assistance of a third-party cybersecurity firm to determine the extent of the data breach. The list of individuals impacted by the data breach was finalized on March 19, 2025, and the company notified the Maine Attorney General on April 24, 2025.

What type of information was stolen?

The personal information in the compromised files may have included:

NamesDates of BirthDemographic InformationSocial Security NumbersDriver’s License NumberMedical InformationFinancial InformationHealth Insurance Information

How can I protect my personal data?

If you receive a data breach notification concerning MedEx, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised by the MedEx data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-medical-express-ambulance-inc-customers-whose-data-may-have-been-compromised-302440618.html

SOURCE Edelson Lechtzin LLP

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AWARD-WINNING DOODLELEARNING MATHS AND ENGLISH PROGRAMMES NOW AVAILABLE TO PARENTS, TEACHERS, AND STUDENTS ACROSS AUSTRALIA

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BATH, England, April 29, 2025 /PRNewswire/ — Discovery Education—the creator of essential learning solutions used in classrooms around the world—announced today that its award-winning DoodleLearning maths and English programmes are now available to parents, teachers, and students across Australia.

Discovery Education’s innovative DoodleLearning apps have been shown to significantly enhance academic progression, particularly when used little and often, by offering a personalised learning program for each child. DoodleLearning offers four innovative products supporting teaching in maths and English Language – DoodleMaths, DoodleEnglish, DoodleTables and DoodleSpell. Created by teachers for teachers – and suitable for students aged from 2 to 14 years – the apps have been used by over one million children in the U.K. and around the world.

DoodleMaths uses new adaptive technology to boost children’s confidence and ability in Maths, equipping them with the numeracy skills they need for successDoodleEnglish is an award-winning grammar, punctuation, spelling and comprehension app that boosts confidence and strengthens literacy skills. Filled with thousands of interactive exercises, it explores language in a fun, approachable wayDoodleSpell is uniquely designed to boost confidence and ability in spelling. Helping children to understand the meaning behind words and how to use them in sentences, it provides a solid foundation to build on in schoolDoodleTables is an interactive times table app, delivering personalised, curriculum-aligned Tables practice which helps students to master multiplications

Part of the Discovery Education family of services, the Doodle apps are designed to be used ‘little and often’, both at home and in the classroom. Utilising the latest advances in educational technology, the apps transform learning into a fun, rewarding adventure that builds pupil confidence. Doodle can be used offline on all devices, making it ideal for busy schedules.

Michael Savitz, Discovery Education’s General Manager, International said:

“Discovery Education is excited to bring our four DoodleLearning apps to educators, parents and students across Australia. We’ve seen tremendous benefits wherever Doodle is used – whether in the classroom or at home – and look forward to supporting the continued academic progress of students in Australia by delivering learning experiences that can be enjoyed by all.”

Explore DoodleLearning’s revolutionary suite of maths and English apps at www.doodlelearning.com.

For more information about Discovery Education’s award-winning digital resources and professional learning solutions, visit www.discoveryeducation.co.uk and stay connected with Discovery Education on social media through X, Facebook, Instagram and LinkedIn.
 
About Discovery Education
 Discovery Education is the worldwide edtech leader whose state-of-the-art digital solutions support learning wherever it takes place. Through award-winning multimedia content, instructional supports, innovative classroom tools, and strategic alliances, Discovery Education helps educators deliver powerful learning experiences that engage all students and support higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Through partnerships with schools, and trusted organisations, Discovery Education empowers teachers with essential edtech solutions that inspire curiosity, build confidence, and accelerate learning. Explore the future of education at www.discoveryeducation.co.uk .

View original content:https://www.prnewswire.co.uk/news-releases/award-winning-doodlelearning-maths-and-english-programmes-now-available-to-parents-teachers-and-students-across-australia-302438486.html

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Shaping Payments of Tomorrow: From AI to Real-Time Payments

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KUALA LUMPUR, Malaysia, April 29, 2025 /PRNewswire/ — The payments landscape is undergoing a significant transformation, driven by rapid advancements in technology and evolving consumer preferences. Here are four key trends that we believe will shape the future of payments.

Trend 1: Leveraging AI against fraud

AI will play a crucial role in personalising payment experiences and enhancing fraud detection capabilities. Deep learning algorithms will become more sophisticated in analysing transaction patterns and identifying potential risks in real-time.

Visa has been at the centre of AI in payments and invested $3.3 billion in our AI and data infrastructure over the last decade. This year, we introduced three new AI-powered risk and fraud prevention solutions, as part of the Visa Protect suite, that are designed to reduce fraud across immediate Account to Account (A2A) and card-not-present (CNP) payments, for transactions on and off Visa’s network. There is immense potential in the next generation of AI to help transform the payments experience, making it more secure and intuitive.

Trend 2: Digital identity simplifies authentication  

For years, passwords, security questions, even card numbers have served as stand-ins for individuals, and fraudsters have taken advantage of this fact. In the future, authentication will rely on highly secure credentials, namely one’s face, fingerprints, or other biometrics.

Visa has introduced solutions such as Click to Pay and Visa Payment Passkey to reduce reliance on traditional PINs and passwords and elevate the payment checkout experience. Visa Click to Pay eliminates clunky checkout processes and reduces the number of steps consumers require to pay for their online purchases.

Visa Payment Passkey requires consumers to do a one-time set-up to bind their devices and authenticate them at participating merchants, removing friction from the online checkout process.

Moving forward, centering biometric markers in payments authentication, in line with the best data privacy, cybersecurity, and AI governance practices will help make the checkout process more convenient and secure, benefiting both consumers and businesses.

Trend 3: Cross-border payments travel fast 

Cross-border money movement has historically been B2B-focused and primarily handled by traditional banks. Cross border payments transcend beyond B2B payments and include peer-to-peer payments or business to consumer payments.

Remittances is a significant part of cross-border payments. Visa’s data also shows new use cases for cross-border payments including payout to creators and digital wallet top-ups. As globalisation and global trade evolve, there is a huge demand for faster and more efficient cross border payment solutions to support the needs of consumers and businesses.

Visa Direct can power real-time and interoperable cross border transactions securely and efficiently, supporting more than 7 billion endpoints, including cards, accounts and digital wallets. Our key focus is building new partnerships and expanding our endpoints.

Trend 4: Real-time payments gain momentum

Real-time payments are growing rapidly across the world and are projected to reach $58 trillion by 2028 globally. The important task for regulators, policymakers and the broader payments ecosystem is to balance innovation with safeguards, protect against the risks associated with the instant and irreversible nature of RTP payments. Keeping consumers’ interests at heart, Visa has rolled out solutions such as Visa Protect for A2A Payments to help mitigate fraud on RTP networks and identify potential instances of fraud.

Interoperability is also key to facilitating trade and global growth, and we see governments working closely with the private sector to address some of the key pain points and gaps.

As we look to the future, these new trends will no doubt impact the way consumers and businesses pay and be paid, making it more seamless and secure for everyone, everywhere.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/shaping-payments-of-tomorrow-from-ai-to-real-time-payments-302440619.html

SOURCE Visa Malaysia

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