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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.

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 […]

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 […]