BillingTree®, one of the nation’s leading on-demand payment processors, and a Gold Sponsor of this year’s ACA International Annual Convention, will be offering visitors to its booth two new White Papers during expo hours. Both reports address key focus areas for collection agencies today.
The first White Paper, entitled “Payment Compliance: Same Rules, Different Game,” examines how mitigating compliance risk is becoming more problematic for ARM organizations at a time of the growing powers of the CFPB to act as a plaintiff, to enforce regulations and to impose penalties. It addresses current strategies to collect outstanding debt efficiently and cost-effectively when consumer trends in payment technology outpace regulation and data security standards are always lagging behind the latest online fraud.
The second paper, entitled “Collection Agency Business Strategy and Technology Survey Report,” is based on a survey earlier this year that found the top concerns for collection agency professionals include increased Operating Expenses, CFPB Regulation, and Potential Lawsuits. The survey identified major growth sectors and the top 3 areas for growth & profitability as client expansion, new technology enhancing collections, and cost reduction strategies.
“We found that over two thirds of collection agencies surveyed during a recent webinar cited compliance as a main concern and that they have set aside incremental resources over the next year to help address this important business initiative,” commented Liz Caracciolo, Vice President of Corporate Development at BillingTree. “BillingTree has always focused on delivering the most value in payment processing to collection agencies and is committed to helping our customers and the industry stay ahead of the curve. This is why we are offering our latest thought leadership materials at the conference, and why we continue to develop and offer this type of support as an added value for companies who entrust BillingTree with their payment needs.”
At its booth (number 509), BillingTree will demonstrate the latest in payment innovations from the company’s suite of services created to serve the needs of Collection Agencies and will also offer a PLINKO Style game offering attendees a chance to win various prizes.
The proven leader in on-demand payment processing, BillingTree empowers customers with competitive advantage through a simplification of the billing and receivables process. By delivering the most innovative technology while making it as easy and inexpensive as possible to accept payments, BillingTree has revolutionized the payments landscape. Our software-as-a-service (SaaS) model delivers industry-leading payment solutions, proven integration, and point-and-click simplicity. BillingTree’s focus on innovation has allowed us to help more than 1,200 customers eliminate manual processes and automate their payment cycles. BillingTree – Growth is our Business. For more information, visit www.mybillingtree.com or call 877.4.BILLTREE.