Recurring payment arrangements sound simple — deceptively so, as it turns out. The hard part for debt collectors is understanding the unique consent requirements associated with preauthorized electronic funds transfers. John Bedard of the Bedard Law Group takes a in-depth look at EFTA problems facing the debt industry.
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.
The charging of convenience fees has become a huge challenge for the ARM industry. The CFPB and the FTC have repeatedly censured companies and levied fines against the industry for the assessment of these fees using several different statutes. What is your agency doing about convenience fees?
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 […]
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 (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 […]
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 […]
On May 7, 2015 at 2 p.m. EDT RevSpring will host its next webinar, “Conducting an Enterprise Risk Assessment.”
BillingTree® announced today the expansion of its leadership team with the appointment of Nils Krumins as Senior Director of Professional Services and the promotion of Chad Probst to VP of Sales and Business Development.
In order for collection agencies to do their job, they need to actually collect money from consumers. The familiar old phrase “the check’s in the mail” no longer holds as much power as it once did, with instantaneous electronic payment solutions of all types now common.