EarnUp provides AI-driven tools aimed at improving financial wellness for lenders, credit unions, and employers. The company offers three main solution suites: Smart Tools, Action Automation, and Insights, which help simplify and automate financial tasks like budgeting, debt management, and financial planning. A standout feature is the AI Advisor, which delivers personalized financial advice, assists in budget development, tracks money management, and recommends financial products. Unlike many competitors, EarnUp focuses on enhancing customer satisfaction and loyalty through tailored financial experiences. The goal is to support over 3 million users in becoming homebuyer-ready, managing debt, and saving for important life events.

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EarnUp unveils AI Advisor

EarnUp, Inc., a financial wellness fintech company, announced that lenders and servicers will be able to use its platform to offer borrowers a convenient payment option: mortgage text to pay via debit card.This enhancement will mark a significant advancement of EarnUp’s award-winning platform, providing borrowers with greater flexibility and convenience in managing their mortgage obligations while also empowering mortgage companies to accommodate modern borrower payment preferences.According to data from mobile trade body GSMA, it is estimated by 2025 72.6% of users will access the internet exclusively by smartphone, driving home the need for mobile first mortgage payment solutions.Key features of EarnUp’s expanded platform will include:Text to Pay: Boasting 98% open rates and 45% response rates, with text to pay, lenders can offer one-click payment ease, with the option to set up recurring debits.Enhanced borrower engagement: EarnUp’s white-label solution will allow for tailored, automated SMS communications based on specific triggers, digital payment campaigns, and proactive loss mitigation efforts.Multiple payment options: Borrowers will be able to use their debit card to make mortgage payments conveniently through their Apple Wallet or Google Wallet, SMS text to pay, email click to pay, borrower portals, or call centers.Significant cost savings: Lenders can reduce non-digital payment costs by up to 50% and lower call center volume by approximately 20%, all while maintaining a high success rate for debit transactions.EarnUp’s straightforward integration process will enable lenders to seamlessly incorporate these capabilities under their own brand, enriching borrower experiences, and fostering greater retention.“Our mission at EarnUp is to empower borrowers with modern, efficient financial tools,” said Brian Gunn, CRO of EarnUp. “By enabling text to pay using a debit card, we’re offering lenders a seamless, no-customer-code solution that enhances borrower engagement, accommodates their method of payment, and reduces the costs associated with non-digital payments.”Daniel Sogorka, industry veteran and servicing operations expert, points to the increasing demand for greater payment options, including text to pay with debit cards. “A growing number of borrowers want the reminders via SMS, with a text to pay option with their debit card,” he said. “Additionally, studies show that Net Promoter Scores increase when servicers accommodate all payment options. It is therefore critical that mortgage companies and servicers add the ability to accommodate all payment options including SMS text to pay, email, or their borrower portal or call center.”Meanwhile, check fraud has more than doubled over the last three years, according to FinCEN. To protect borrowers, providing the option to pay by debit card via text can help lessen potential fraud.EarnUp currently facilitates automated payments to over 200 mortgage servicers and depository institutions, reinforcing its position as a trusted partner in the financial wellness ecosystem

Earnup Offers Mortgage Text To Pay Capabilities

Text-to-pay technology received a boost late Thursday as San Francisco-based fintech EarnUp Inc. launched a text-to-pay app for mortgage lenders.

EarnUp Launches a Text to Pay Option for Mortgage Lenders

EarnUp has received industry-wide recognition and is named to HousingWire's Tech 100, PROGRESS in Lending's Innovations Awards, The Financial Technology Report's Power 300, Forbes Fintech 50 and Deloitte's Technology Fast 500.

EarnUp celebrates ten year anniversary amid increased demand for financial wellness fintech that enables debt & mortgage payment automation

FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods.Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and convenience in managing their mortgage payments, the company said, and allow mortgage companies to embrace modern payment preferences.The feature offers one-click payment and gives borrowers the ability to set up recurring payments, the release said. Borrowers can pay through Apple Wallet or Google Wallet, through a text, an email, borrower portals or via call centers.The release also noted that the white-label solution will enable lenders to create tailored messages to borrowers via text based on specific circumstances, digital campaigns or loss mitigation efforts.“Our mission at EarnUp is to empower borrowers with modern, efficient financial tools,” said Brian Gunn, CRO of EarnUp. “By enabling text-to-pay using a debit card, we’re offering lenders a seamless, no-customer-code solution that enhances borrower engagement, accommodates their method of payment, and reduces the costs associated with non-digital payments.”The company also said that the text-to-pay option can help lessen fraud and protect borrowers.Payment fraud costs retailers around the globe $429 million last year, according to an April report from PYMNTS, which cited data from Adyen.Per the report, Adyen estimated that about 45% of all businesses worldwide fell victim to fraud, cyberattacks or data leaks in 2023, a 32% increase from 2022.While Adyen’s report is unclear about how many of these retailers are based in the U.S, or how many operate in the eCommerce sector, PYMNTS Intelligence data found that about 8 in 10 U.S. eCommerce merchants doing international business were victims of fraud in 2023, and nearly all of them are committed to better fortifying their businesses against fraud as a result.On the consumer side of things, shoppers are demanding more security from their eCommerce merchants.According to “Fraud Management, False Declines and Improved Profitability,” which was created in collaboration with Nuvei, 82% of firms cited stronger customer satisfaction as a main benefit of investing in tools or tech to prevent fraud — a greater share than said the same of any other benefit. Customers feel more confident and reassured when they know that their personal and financial information is protected, leading to stronger loyalty and higher engagement

Earnup Unveils Text-To-Pay For Mortgage Payments

SAN FRANCISCO--(BUSINESS WIRE)--EarnUp, Inc., a financial wellness fintech company, announced today that lenders and servicers will be able to use its platform to offer borrowers a convenient mortgage payment option: Text to pay via debit card.This enhancement will mark a significant advancement of EarnUp’s award-winning platform, providing borrowers with greater flexibility and convenience in managing their mortgage obligations while also empowering mortgage companies to accommodate modern borrower payment preferences.According to data from mobile trade body GSMA, it is estimated by 2025 72.6% of users will access the internet exclusively by smartphone, driving home the need for mobile first mortgage payment solutions.Key features of EarnUp's expanded platform will include:Text to Pay: Boasting 98% open rates and 45% response rates, with text to pay, lenders can offer one-click payment ease, with the option to set up recurring debits.Boasting 98% open rates and 45% response rates, with text to pay, lenders can offer one-click payment ease, with the option to set up recurring debits. Enhanced borrower engagement: EarnUp's white-label solution will allow for tailored, automated SMS communications based on specific triggers, digital payment campaigns, and proactive loss mitigation efforts.EarnUp's white-label solution will allow for tailored, automated SMS communications based on specific triggers, digital payment campaigns, and proactive loss mitigation efforts. Multiple payment options: Borrowers will be able to use their debit card to make mortgage payments conveniently through their Apple Wallet or Google Wallet, SMS text to pay, email click to pay, borrower portals, or call centers.Borrowers will be able to use their debit card to make mortgage payments conveniently through their Apple Wallet or Google Wallet, SMS text to pay, email click to pay, borrower portals, or call centers. Significant cost savings: Lenders can reduce non-digital payment costs by up to 50% and lower call center volume by approximately 20%, all while maintaining a high success rate for debit transactions.EarnUp's straightforward integration process will enable lenders to seamlessly incorporate these capabilities under their own brand, enriching borrower experiences, and fostering greater retention."Our mission at EarnUp is to empower borrowers with modern, efficient financial tools," said Brian Gunn, CRO of EarnUp. "By enabling text to pay using a debit card, we're offering lenders a seamless, no-customer-code solution that enhances borrower engagement, accommodates their method of payment, and reduces the costs associated with non-digital payments."Daniel Sogorka, industry veteran and servicing operations expert, points to the increasing demand for greater payment options, including text to pay with debit cards. “A growing number of borrowers want the reminders via SMS, with a text to pay option with their debit card,” he said

Earnup Expands Financial Wellness Platform, Empowering Lenders  Servicers To Accommodate Text To Pay Capabilities

EarnUp, inc. has introduced EarnUp@Work, a leading solution that automates adaptable debt repayment and savings, alleviating financial stress and enhancing overall well-being.

EarnUp@Work Empowers the Workforce to Clear Debt and Create Savings

EarnUp, Inc., a financial wellness fintech company, announced today the availability of its EarnUp Engagement Platform, exclusively for credit unions to help drive member engagement through actionable solutions that automate savings, increase loan eligibility and improve overall financial health.

EarnUp launches financial wellness member engagement platform for credit unions

EarnUp has launched a platform designed exclusively for credit unions that aims to drive member engagement by providing  solutions that automate savings, enhance loan eligibility and improve overall financial health. The new EarnUp Engagement Platform takes an ecosystem approach to member value, incorporating three key pillars of financial wellness automation: artificial intelligence (AI) and automation tools, guidance and ongoing engagement, the financial wellness FinTech company said in a Monday (Oct. 23) press release. One of the standout features of the EarnUp Engagement Platform is its conversational personal financial adviser that can provide reliable financial guidance to credit union members, according to the release. Through this interaction and collection of information, credit unions can assess their members’ financial goals and guide them to appropriate applications

Earnup Launches Financial Wellness Automation Platform For Credit Unions

EarnUp was recently recognized for the impact of its revolutionary technology, winning a HousingWire Tech100 award and a 2023 Innovator Award by Progress in Lending.

EarnUp financial wellness platform reaches new milestone in Q1

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