How to Increase Recurring Payments by 15-25%

Increase Recurring Payments

Share this Article There are two major factors that drive the recurring payment stream in your office. You should be doing everything possible to maximize both factors. The first way to get more from your recurring revenue stream is to increase the payment amounts. If you can get each staff member to increase the payments they are setting up with …

Whatever the Question Is…. The Answer is 6 Clicks

collections industry payment processing

Share this Article Success, especially for the collection industry, requires taking the consumer through the payment by phone process, end to end, in 6 clicks or less. In today’s collection industry environment, getting a consumer on the phone is only one-third the battle. You then must collect a payment, get the consumer to agree to an acceptable payment arrangement, and …

Problems with Payment Processing and Reg E? This Works Like Crazy

Reg E Compliant

Share this Article What do your REG E communications look like? Letters? Email? Sending them to your website? How’s that working for you? Reaching delinquent customers and getting paid is a lot like Fly Fishing.  You cast the line out many times, and often must try different types of bait before you get a fish on the line. Then you …

3 Things About Payment Processing Services You Are Likely Missing

payment processing services

Share this Article Most companies shop for payment processing services based on the cost per transaction, but for collection agencies, this method is flawed. Not all payment processing services are the same and comparing based on price is an apple to orange comparison. There are three key reasons you should change the way you compare payment processing services. Shopping for …

Are your Recurring ACH Payments Compliant?

Free eSignature Services

When you’re going to accept recurring payments for a debt, are you asking what TYPE of account or card the consumer is paying with? Here’s a quick guide to the different ways people are paying off their collections debt: ACH (e-check) payments coming from a checking or savings account are required by NACHA to have signed authorization when a recurring …