Payments & Banking

Integrated payment processing that just works. From Direct Debits to Faster Payments, handle every transaction seamlessly while maintaining complete control and compliance.

Payment Processing Shouldn't Be This Hard

✗Hours spent reconciling payments across multiple systems
✗Failed payments discovered days later, damaging member relationships
✗Manual processes for mandate management and payment tracking
✗Compliance risks from disconnected payment systems

Soar brings all your payment processing into one intelligent platform that handles the complexity for you.

One Platform, Every Payment

Automated reconciliation
Real-time payment tracking
Intelligent retry logic
Complete audit trail

Payment Processing That Powers Growth

Every payment method your members want, with the control and visibility you need.

💸

Direct Debit Excellence

BACS-approved service with automated mandate management and intelligent retry logic.

⚡

Faster Payments Integration

Instant disbursements and collections. Real-time confirmation and reconciliation.

🎯

Smart Reconciliation

Automatic matching of payments to loans. No more manual spreadsheet reconciliation.

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Multi-Channel Collections

Card payments, bank transfers, cash handling - all tracked in one system.

Seamless Payment Flows

From collection to reconciliation, every payment is tracked and managed automatically

1️⃣

Payment Initiated

Member makes payment via any channel

2️⃣

Instant Processing

Payment validated and processed in real-time

3️⃣

Auto-Reconciliation

Automatically matched to member account

4️⃣

Member Updated

Balance updated, notifications sent

Every Payment Method Covered

Direct Debit Collections

Faster Payments

BACS Processing

Card Payments

Standing Orders

Cash Handling

Payment Plans

Refunds & Reversals

Plus custom payment methods configured to your specific needs

Proven Payment Performance

99.9%

Payment success rate with intelligent retry

90%

Reduction in reconciliation time

Real-time

Payment tracking and member notifications

100%

BACS compliance maintained automatically

"We used to spend 2 days a month reconciling payments. Now it happens automatically. The time saved lets us focus on actually helping our borrowers."
Danielle, Deputy Director
First Enterprise

Bank-Grade Security, Always

Your members' payment data is protected by the same security standards used by major banks. We handle the compliance complexity so you don't have to.

BACS Approved Bureau

Full Direct Debit scheme compliance maintained automatically

PCI Compliant

Card payment security without the certification headache

Full Audit Trail

Every payment tracked, logged, and reportable

Intelligent Payment Features

  • • Smart retry logic for failed payments
  • • Automated mandate management
  • • Real-time balance updates
  • • Payment plan configuration
  • • Multi-currency support
  • • Automated reconciliation rules
  • • Exception handling workflows
  • • Comprehensive reporting suite

Ready to Simplify Your Payments?

See how Soar can transform your payment operations and free your team to focus on growth