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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.

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CFPB Sues Debt Collectors and their Technology Vendors in Chilling Enforcement Action

A lawsuit filed late last month by the Consumer Financial Protection Bureau (CFPB) accuses a network of companies of engaging in sham collection operations targeting “phantom” debts. But the action also names a number of legitimate payment processors and a voice broadcasting service as defendants for “enabling” the debt collectors in their scheme.

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BillingTree Showcasing Reg E Compliance Service amongst Suite of Payment Offerings at ACA International Spring Forum in San Antonio March 25-27, 2015

BillingTree® is showcasing multiple payment services and solutions at the 2015 ACA International Spring Forum & Expo from March 25 – 27. The offerings featured include a new Regulation E (Reg E) and E-sign compliance service; Check 21 paper check conversion solution and the extremely popular Medical Savings Account acceptance service ‘Health PAS’.

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PaymentVision Partners with Shaw Systems to Provide Integrated Payment Solutions

PaymentVision, a leading provider of electronic payment processing technology for the financial services industry, announced an exciting partnership with Shaw Systems Associates, Inc. The partnership will enable the Shaw Systems clients to securely process any form of payment – credit card, debit card, or ACH – in one-time, recurring, and fee-based transactions through online, mobile, agent-assisted portal, automated phone system, or directly within the Shaw application.

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BillingTree Delivers Growth, Technology & Added Value during first Six Months under New CEO Edz Sturans

BillingTree® payment solutions experienced continued growth over the past six months and throughout 2014 as the company welcomed new clients and further expanded its payment offerings across the ARM, Auto Finance, Credit Union and Healthcare industries. The cross-industry growth came during a period of leadership transition at BillingTree following the August 2014 appointment of new CEO Edgars “Edz” Sturans, announced last September.