PayNet®

The PayNet interface provides a monthly export of lessee payment information from LeaseTeam's portfolio management software to PayNet.

The PayNet Interface is provided free of charge when you subscribe to the Payment Information Network.

Membership in PayNet gives lenders access to PayNet's Credit History Reports, Summary Reports and PayNet Ratings on commercial applicants and borrowers.

About PayNet

PayNet serves the commercial finance, commercial banking, and commercial credit card industries with predictive credit and risk management tools for small business lending.

PayNet provides credit quality ratings on over $400 billion in commercial loans, leases and other financial obligations (term of one year or more) for millions of privately held small and medium sized businesses.


Visit the PayNet Web site to learn more

PayNet® Credit Reporting

The Payment Information Network (PayNet) is a repository of term payment history information on publicly and privately held businesses. The service is made up of commercial lenders who, in return for contributing information, gain access to a universe of proprietary credit and payment history information. The database is composed of historical and current lease and loan credit experiences aggregated across contributors. This highly relevant data enables lenders to make informed credit decisions.

PayNet, Inc. manages the Payment Information Network for the commercial equipment finance industry. With the exclusive endorsement of the Equipment Leasing and Finance Association (ELFA), this network produces the nation's largest online database of current and historical lease and loan payment information used for credit decision purposes. The Payment Information Network currently has a large number of members, including eight of the 10 largest leasing companies, representing a majority of the net assets in the industry. PayNet uses its proprietary technology and the power of shared data to increase profitability, to improve operational efficiency and to reduce credit losses for commercial finance companies.

PayNet® & LeaseTeam: How it Works

The back-end system extract feature installs easily on existing LeaseTeam systems and provides an easy mechanism for calculating and exporting payment history and lease information from your portfolio management system to PayNet.