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Payscout Announces Paywire Integration and Enhanced Service Offerings with Collect!
Wednesday, September 8, 2021
Frictionless Payments, Fully Compliant Convenience Fee Solution, and First-Party BillerNow Available to Collect! Users
LOS ANGELES, Aug. 31, 2021 /PRNewswire/ -- Payscout, a global payment innovation leader with specialized processing solutions for vertical-specific industries such as Accounts Receivable Management (ARM), Healthcare, Education, and Enterprise merchants with a global presence and complex requirements, is excited to announce an enhanced integration with Collect!, a leading software solution for the world's receivables management industry.
With this enhanced integration, Collect! users now have updated/expanded connectivity to Payscout's Paywire platform, a prominent ARM-centric gateway, which allows for seamless integrated payment processing directly through Collect! software via API. The Paywire platform provides omnichannel payment capabilities for credit, debit, ACH, and HSA in a secure, PCI-compliant environment.
In addition, connectivity to the Paywire platform offers Collect! users access to enhanced service offerings from Payscout, such as 360° Fee-Free Payments and First-Party Biller (FPB), programs with a proven record of increasing collection rates and boosting revenue.
-- 360° Fee-Free Payments, the only fully compliant Convenience Fee
solution available to the ARM industry which complies with the Fair Debt
Collection Practices Act (FDCPA), varying State Laws, and Card-Brand
Rules, allows merchants to eliminate, or significantly reduce, their
payment processing fees by charging consumers a flat fee for the
convenience of accepting card-not-present (CNP) payments online or over
the phone.
-- First-Party Biller (FPB) is a service agencies can offer to their
clients as an EBO or BPO to assist them with their early receivables
prior to assignment for collection. By including payment acceptance in
their package pricing, FPB reduces the impact on client staff and
systems, and reduces potential vulnerabilities during data transfer, as
the agency maintains control of the process, vendor, and systems. More
importantly, FPB provides direct deposit of funds into client bank
accounts, eliminating the common waiting period during the remittance
process.
"Collection agencies today are facing more challenges than ever, from renewed customer demand regarding convenient, flexible payment options, to an ever-changing regulatory environment, all while trying to grow their business and increase revenue," says Manpreet Singh, President and Co-Founder of Payscout. "At Payscout, we are committed to working with our partners, and their clients, to provide the most efficient, compliant payment solutions in the Accounts Receivable Management industry, and this integration between Paywire and Collect! is another sign of that commitment."
About Payscout
Payscout is a global payment technology company with acquiring solutions in the United States, China, Brazil, and the European Union. Payscout's Paywire platform provides integrated payment processing solutions for vertical-specific industries such as Accounts Receivable Management, Healthcare, Education, and Enterprise merchants with a global presence and complex requirements. Payscout has earned acclaim as a new-generation provider of merchant banking services, specializing in online/ecommerce solutions with a predominant proportion of card-not-present (CNP) transactions. For more information, please visit https://www.payscout.com.
Media Contact:
George Smith
george@payscout.com
609-408-5598
View original content:https://www.prnewswire.com/news-releases/payscout-announces-paywire-integration-and-enhanced-service-offerings-with-collect-301365860.html
SOURCE Payscout, LLC
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