BillingTree®, one of the nation’s leading on-demand payment processors, today announced its 2012 year over year revenue grew by 25.1%, Net income by 75% and volumes showed growth of over 17%, totalling $3 Billion combined ACH and Credit Card Processing.
A recently filed putative class action demonstrates the risk all companies face when accepting electronic checks by phone. While most companies agree to accept electronic checks by phone only as a convenience to customers, these transactions are governed by a confluence of financial regulations replete with thorny traps for the unwary. In particular, recurring electronic withdrawals from a consumer’s checking account must be authorized in a writing signed or similarly authenticated by the consumer.
While the definition of “similarly authenticated” is subject to some interpretation, an audio recording of the consumer’s verbal consent is arguably not sufficient.
Clear Payment Solutions, a division of ClearComm, announced today that Doffie Howard has joined the CPS family as its Chief Executive Officer (CEO), effective January 2, 2013.
Phillips & Cohen Associates International, the industry’s only multi-national probate recovery specialist, launches the first comprehensive online portal for consumer self-service estate account management.
Here’s something we all know: 2013 will be unlike any other year in the history of debt collection in the United States. It is known. The most obvious reason is that the largest ARM companies in the country will be subject to federal examination for the first time ever. And that should probably be enough.
But there’s more.
Ontario Systems is pleased to announce an expansion of its long-standing partnership with RevSpring that will offer wholly integrated web portal services to Ontario Systems’ client base.
Personalized financial motivation company Payoff.com and Encore Capital Group, a leader in consumer debt buying and recovery, announced today the formation of a strategic partnership to provide Payoff.com’s services to the 34 million distressed consumers Encore works with, each of whom owes one or more unsecured debts (serviced by wholly-owned Encore subsidiary Midland Credit Management). [...]
Optio Solutions, LLC., an accounts receivable management company and CrossCheck, Inc., a national payment approval and guarantee company announced a donation of over $6,100 to the American Cancer Society Relay For Life.
RevSource Solutions, a leading provider of personalized online payment solutions, today announced that, for a limited time, you can use RevExpress to increase online payments over your current solution or it is free.
BillingTree, one of the nation’s leading on-demand payment processors, today announced two major VP appointments to further enhance its executive management team.