Subprime Lender GLS Plans Mobile Wallet Integration

Andy Clements, senior vice president of information technology at Global Lending Services,
sits down for a Q&A, following his presentation on “10 Innovation Ideas for 2019” at Auto Finance Innovation 2018 in San Francisco. (Photo by lensology.net)

SAN FRANCISCO — Atlanta-based subprime lender Global Lending Services is aiming to build a mobile wallet by yearend, Andy Clements, senior vice president of information technology, said at Auto Finance Innovation 2018 last week.

“We don’t, right now, have the mobile wallet, but we have that on the radar for the year,” he said.

Ultimately, GLS hopes to integrate the mobile wallet functionality with its existing ability to accept payments through Walmart service desks. Mobile payments such as Amazon Wallet, Apple Pay, Google Pay, and Samsung Pay allow people to carry credit or debit card information in digital form on their mobile devices.

Instead of using physical plastic cards to make purchases, consumers pay for items using fingerprint readers, face identification, and near-field communication technology on smartphones and smartwatches.

Separately, Global Lending Services doubled originations year over year to $558 million in 2017, in part, by using automation and machine learning to hasten dealer turn times, Clements previously told AFN.

For more content like this, attend the Auto Finance Performance & Compliance event, slated for May 9-10, at the Omni Dallas. For information, or to register, visit autofinanceperformance.com.

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