Following this agreement, all banks or credit unions that are currently using the MeridianLink XpressAccounts system via their websites will also be able to use PayPal as a funding option.
The MeridianLink platform includes XpressAccounts, meant to handle account opening and funding, and LoansPQ, a loan management system, which streamlines every aspect of the lending process.
MeridianLink has developed a multi-channel account opening and a loan origination platform.
In recent news, PayPal has also joined forces with BancVue to offer its clients the peer-to-peer money transfer technology.
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