6 Main Goals of PCI Compliance

6 Main Goals of PCI Compliance

Share this ArticleEdited April 24, 2020 Payment Card Industry (PCI) rules were created to ensure businesses are providing a safe digital environment for consumers to make credit card payments. Following these PCI guidelines keeps you in compliance with industry rules and also keeps you and your consumers safe from data breaches. With a larger number of employees now working remotely, …

Electronic Signatures and Regulation E

Electronic Signatures and Regulation E

Share this Article Regulation E has been in existence since 1978, when it was passed by Congress and signed by Jimmy Carter. It established the rights and liabilities of consumers as well as businesses involved in Electronic Funds Transfer activities. So why, 38 years after it was signed, has it become such an important and frequently discussed regulation? The recent …

How IVR Increases Inbound Payments and Improves the Customer Experience

IVR Increases Inbound Payments

Share this Article More and more businesses are adding IVR (Interactive Voice Response) Systems to their accounts receivables management toolbox and more and more consumers have become acclimated to using this business tool in their day to day lives. Credit card companies and banks use IVR to accept bill payment or check on the balance of an account.  Airlines are …

Online Credit Card Fraud Prevention Tips Your Business Should Implement

Share this Article For the accounts receivable management industry, allowing your customers to self-pay is a great way to increase your revenue and obtain proper proof of authorizations from your consumers. However, there are a few steps as a merchant that you should be aware of in order to protect your business and your customers from online credit card fraud …

Online Payment Services Will Encourage Timely and More Frequent Payments

Online Payment Services will Encourage Timely and More Frequent Payments

Share this Article All businesses, especially those in accounts receivable management (such as medical billing or consumer payments) have experienced challenges collecting payments. However, there are tools available to help lessen the impact of loss due to these challenges. Businesses need to study these tools and consumer payment trends to assess whether they’re using the best technology available to increase …

PDCflow Announces Free e-Signature Services for Payment Authorizations

free e-signature services

Share this Article Matthew Snedden, COO of PDCflow, an industry leader in payment processing technologies, announced today their innovative e-Signature service is free in conjunction with any payment services. PDCflow’s e-signature solution has been an industry disrupter, helping agencies stay compliant with Regulation E and NACHA regulations and reducing chargebacks. The ultimate goal of offering free e-Signature services is to …

Consumer Financial Protection Bureau Reminders

6 Main Goals of PCI Compliance

The CFPB issued a compliance bulletin reminding businesses, including, debt collection agencies, mortgage servicing, and student loan servicing companies, of these requirements: In addition, the CFPB is providing information to consumers on how to revoke authorizations. For additional information on the CFPB reminders, please see this article: “CFPB Reminds Companies of Automatic Debit Authorization Requirements“

Are your Recurring ACH Payments Compliant?

Are Your Recurring ACH Payments Compliant?

Updated June 2020 Many accounts receivable consumers prefer to pay large bills in installments. Offering this option in your business will decrease consumer complaints and increase your overall receivables. But just as with credit cards, it’s important to ensure the recurring ACH payments you accept are compliant. Comprehending Collections Compliance Complying with every regulation that applies to your business can …

Why Businesses Need Electronic Document Management

electronic document management software

Low overhead is essential so smaller businesses can protect their profit margins. But controlling administrative costs is important to large companies too. Many small businesses have watched corporations implement document sharing, document signing, and online bill payment services for their clients. Services that will save these corporations tons of time and money. These electronic document management solutions may seem beyond …