Data Retention and Storage – A Hidden ARM Compliance Issue

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Many collection agencies are unaware of a critical compliance issue related to data retention and storage compliance. DANTOM Systems is sponsoring a free Webinar to address the issue.

DANTOM Systems is sponsoring a free Webinar on the topic of Data Retention and Storage as part of its Leveraging Digital Technology series. While on the surface it appears to be a less than critical topic, given changing regulations and credit grantor requirements, it is a hidden compliance problem for many collection agencies.

For example, a major bank recently issued new directives requiring their agencies to retain all collection letters for seven years - and other credit grantors are expected to do the same in the near future. Minnesota’s Attorney General recently sued a collection agency, requiring it to turn over all documents used to collect debt in that state.

Simultaneously, information security requirements such as PCI DSS dictate that collection letter providers purge data much sooner than was standard practice even 18 months ago. The result is that many organizations have a significant compliance issue that needs to be addressed.

This Webinar highlights the gap that exists at many organizations. It also outlines potential technology solutions and what questions to ask providers before making a decision.

Register online for this informative, educational Webinar on data retention compliance and technology solutions.

About DANTOM Systems
DANTOM Systems, Inc. is the premier provider of value-added business process outsourcing solutions serving the accounts receivable management and revenue cycle management sectors. DANTOM’s national client base of over 900 organizations includes the nation’s largest collection agencies, hospitals, medical practices, cable companies and utilities. Established in 1997, with headquarters in Wixom, Mich., DANTOM has significant experience in secure data transfer, integrated data analytics, document creation and delivery, electronic archival and online bill payment. DANTOM’s product and service offering provides customized accounts receivable management and revenue cycle management solutions to improve efficiency, reduce costs and increase cash flow. For more information please visit: http://www.dantomsystems.com.

Contact:
Heather Taylor, APR
765.405.1288 (office)
765.730.6632 (mobile)
htaylor(at)dantomsystems(dot)com

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Heather Taylor
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