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Payment Systems

A payment system is an automated set of processes (usually done with computers) for accepting cash-substitutes as money. Since the rise of credit and debit cards and the Internet, most businesses in the U.S. rely on some type of payment system. In addition to the traditional credit card processing services, payment systems can include electronic checks, EFT, mobile payments, and technologies specific to the Internet like digital wallets, e-cash and PayPal.

Confusion After Clarity: The CFPB’s November Bulletin on Consumer Authorizations for Preauthorized Electronic Fund Transfers

Bulletins from the CFPB often function as rule-making, even though bulletins aren’t technically the way the CFPB conducts rule-making. Both bulletins and consent orders, though, should be viewed by all in the industry as the “writing on the wall,” so to speak. They show the agency’s current line of thinking, and give those companies in the debt industry a map of compliance.

Executive Changes: BillingTree 2015 Success Sparks Exec Team Advancements to Parlay Growth into 2016

Phoenix, Ariz. – BillingTree®, a leading payment solutions provider, experienced strong growth during its first full year of operations under CEO Edz Sturans. The company continued its expansion as a developer of software and technology plus merchant services provider within key industries including ARM, Personal Finance and Healthcare collections. Total payment processing volume exceeded $2 billion for […]

Laurie Nelson Named an Ultimate Attorney by the Jacksonville Business Journal

JACKSONVILLE, Fla. – Laurie Nelson, Autoscribe Corporation’s General Counsel and Chief Compliance Officer, has been named to the Jacksonville Business Journal’s inaugural class of ultimate attorneys. Laurie has also been recently awarded in the Stevie Awards for Women in Business and the Best in Biz awards. Autoscribe Corporation has more than two decades of innovation and […]

AutoScribe Wins Silver in Best in Biz Awards 2015

JACKSONVILLE, FL – Autoscribe Corporation, provider of PaymentVision and Lyons Commercial Data, has been named a silver winner in the Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts. Autoscribe Corporation – also a recent winner in the Stevie Awards, Inc. 5000 List, Jacksonville Business Journal BizTech […]

FTC Amendment to Telemarketing Sales Rule Sounds Like Operation Choke Point

The Federal Trade Commission (FTC) announced last week that, following a public comment period, they have approved final amendments to a Telemarketing Sales Rule (TSR), including a change that will help protect consumers from fraud by prohibiting four discrete types of payment methods favored by con artists and scammers. “Con artists like payments that are […]

Webinar: Trends to Watch for 2016

Wixom, Mich. – “Trends to Watch for 2016”, a Webinar sponsored by RevSpring, will occur on November 12 at 2 p.m. EST. It will explore the major communication technology trends that will impact the credit and receivables industries in the coming year. The Webinar will dig into three key topics: Electronic Signatures IVR to Boost Payments […]

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PaymentVision’s Laurie Nelson Named Finalist in 12th Annual Stevie® Awards for Women in Business

JACKSONVILLE, FL – Laurie Nelson, PaymentVision’s Chief Compliance Officer and General Counsel, was named a Finalist in the Female Executive of the Year (Business Products) category in the 12th annual Stevie® Awards for Women in Business, and will ultimately be a Gold, Silver, or Bronze Stevie Award winner in the program. The Stevie Awards for […]