Comtech, producers of Collect!, credit and debt collection software, and PDCflow, payment and esignature software, have partnered to create an integrated and seamless payment processing and payment authorization service. Payment integration will be completed at the end of June, 2017, and eSignature/Document Delivery integration is expected by the end of this year.
“PDCflow is excited to work with Comtech on this new opportunity,” said Matthew Snedden, COO of PDCflow. “Both our payment services and our esignature solution were designed for the debt collection and accounts receivable industries. We have been serving these industries for over 14 years now.”
This partnership will grant Collect! users the option to collect payments via credit card or echeck for both one-time and recurring payments from within the Collect! software. It also will allow consumers to electronically sign for and consent to recurring payment schedules within seconds. The signed proof of authorization is then stored, along with an audit report, proving identity and authorization with a dual authentication procedure and geolocation.
Collect!’s integration with PDCflow allows its clients to eliminate the struggle of obtaining proper proof of authorization for all payment types. Concurrently, it fulfills the client’s needs to remain compliant with Regulation E, Electronic Funds Transfer Act, NACHA Regulations, and Visa/MC PCI Compliance.
“Comtech is very pleased to be working with PDCflow to increase the seamless integrations available with Collect!,” said Fritz Schulze, CEO of Comtech. “We encourage Collect! users to automate as many routine functions as possible to make the best use of their staff time.”
Comtech’s wide variety of clients and PDCflow’s technology solutions for simple payment processing and signature compliance will provide thousands of users with an enhanced and more efficient work flow. This will save them time, money and effort by speeding up the process of obtaining compliant payment authorizations from consumers. This, in turn, will increase cash flow and reduce costs, as PDCflow’s eSignature/Document Delivery Services are free to those already signed up for PDCflow payment services.
Oversight by the CFPB and regulatory committees has increased the regulations credit and debt collectors must adhere to. Automating these requirements and reducing time and effort of staff gives these businesses a competitive edge.
For more information or to get started with Comtech and PDCflow Integrated Payments and eSignatures, please click here.
Comtech’s Collect! software is currently installed in 40 countries by over 1,400 companies. The list of businesses they serve includes collection agencies, debt buyers, medical and dental billing offices, legal collections, credit unions and banks, credit grantors, municipal fine collection offices, car dealerships, rental application verification offices, and a host of finance, credit and billing organizations. For more please visit: https://www.collect.org/
PDCflow is a leader in the payment software and accounts receivable industry. They have served a wide range of clients such as debt collection agencies, medical billing companies, hospitals, law firms, insurance agencies, and credit unions since 2003. PDCflow’s suite of products offers payment solutions that provide an easy consumer experience. This allows businesses to easily obtain payment and consent with integrated document delivery and e-signature services. For more information please visit: https://www.pdcflow.com/