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.
BillingTree® has released its 3rd annual ARM Industry Operations, Technology & Payments report finding 2015 to be the first year where no discernible difference could be seen in online payment technology adoption by agency size.
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.
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’.
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.
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.
European ARM giant Intrum Justitia is setting up a joint venture, Avarda, offering payments services to e-merchants in the Nordics.
Recently there has been some confusion in the industry about authorizations for Preauthorized ACH and Debit Card payments under Regulation E and NACHA regulations. Some sources are distributing incorrect information. PaymentVision has prepared a detailed
analysis of these requirements, relying on and quoting only authoritative sources.
The 2015 ARM Industry Operations, Technology & Payments Survey is closing at the end of this week! Be sure to make your voice heard and take the survey today.