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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.

Check by Phone

Check by Phone Payments Still Cause Legal Headaches for Debt Collectors

Specifically, issues arise regarding the type of consent that a consumer must give to authorize recurring payments from a checking account or debit card. Further, the types of disclosures that must be provided by a debt collector accepting such payments are buried in the regulations. This podcast from John Rossman and Mike Poncin puts the issue into perspective.


Executive Change: EFT Network, Inc. Names Bonnie Finley Chief Sales Officer

Hawthorne, NY – EFT Network, Inc. is very proud to announce and welcome back Ms. Bonnie Finley as the company’s Chief Sales Officer. In this role, Bonnie will be responsible for leadership in sales management, product development, distribution channel management, marketing communications, pricing, market research, and customer service. In the face of a constantly evolving […]


CITC Systems Secures Final Round of Funding to Complete Development of New Cloud-Based Collections and Recoveries Platform

Atlanta, GA – Cloud based software development company CITC Systems, Inc. are pleased to announce they have secured the final round of funding to complete and bring to market its world class integrated Collections and Recovery platform, Optimus. Built upon a belief that client organizations are increasingly dissatisfied with the lengthy, cost prohibitive, resource intensive […]


Hospital Physician Partners Rolls Out CarePayment to Hospital Emergency Departments in More Than 20 States

Hospital Physician Partners (HPP) is one of the nation’s leading Emergency and Hospital Medicine contract management companies, partnering with hospitals in over 20 states. HPP has over 2,000 providers that will treat more than 2.4 million patients this year.  The Company is currently enhancing its patient services by adding CarePayment patient financing programs. With CarePayment, HPP patients can […]

Crossing the Finish Line

BillingTree Completes 2015 Payment Card Industry Data Security Standard 3.0 Audit

Phoenix, Ariz. – BillingTree® today announced it has once again successfully passed the PCI-DSS audit, this year audited under the new PCI 3.0 standards. The new PCI-DSS is designed with an increased focus on operational standards, security and training to provide greater clarity, flexibility and ease of implementation for vendors. The latest announcement is a continuation […]