Everyone in the collections industry has heard of the Fair Debt Collection Practices Act, or FDCPA for short. However, many collections agency owners, operators, and agents are unfamiliar with exactly how the FDCPA directly affects their business. The intent of this article is to help provide clarity to a few … Read More
Do You Have a Stable Merchant Account?
Choosing the right company to process credit and debit card transactions is one of the most important decisions that business owners can make these days. This holds especially true if you work in an industry that is considered high-risk from a payment processing prospective. The vast majority of purchase transactions … Read More
Selecting the Best Debt Collection Software
Debt collection software provides agents with the ability to spend more time collecting debts, and less time working on non-revenue producing activities. For example, a few clicks on the keyboard can save hours of unnecessary paperwork. The question is not if your business needs debt collection software, it is which … Read More
Card Not Present – How To Reduce CNP Risk
Card not present (CNP) payment processing allows companies to accept credit and debit card payments remotely. Without it, people would not be able to pay for goods and services online. They would also not be able to pay for good and services by phone, fax, or mail. CNP has opened … Read More
Online Payment Processing For Your Non-Profit Organization
Non-profit organizations would not exist without donations. It is important to make it as convenient as possible for donors to contribute to your cause. The purpose of this article is to explain how payment technology increases donations for your non-profit organization. It also explains how the process works and why … Read More
How to Receive Timely Healthcare Payments from Patients
Healthcare payments are a nightmare for patients. The paperwork is typically filed with information and terms that they do not fully understand. There is a lot of confusion regarding co-payments, co-insurance, and deductibles. In order to receive timely payments, it is important that patients are clear on what they owe, why … Read More
Making Debt Repayment Easy For Customers
Separating people from their money is not an easy task. Convincing debtors to pay their past due debt is even more difficult. Your collection agents have a hard job when negotiating a debt repayment. It is your responsibility to provide them with all of the tools needed to succeed. You … Read More
Why Is PCI Compliance Important For Your Business?
Business owners that accept credit and debit card payments should be familiar with PCI Compliance regulations. However, it can be a confusing topic. Many operators are unclear why PCI Compliance is so important, and how it can negatively impact their operations if not performed properly. PCI Compliance is mandatory for … Read More
PINless Debit Card Payment Solutions
PINless debit card payment solutions have not been available until recently. Banks typically offer consumers a debit card when opening a new checking account. The debit card can either be used to make purchases, or access funds from the bank account through an ATM machine. Debit cards are significantly safer … Read More
What is the High-Risk Merchant MATCH List?
The dreaded MATCH List is a national database of companies that have had their merchant accounts terminated for to a multitude of reasons. MATCH is an acronym for Member Alert to Control High Risk Merchants. The database is sustained by the major credit card associations. The banks they work with … Read More