GAITHERSBURG, MD and DES MOINES, IA (PRWEB) December 04, 2013
Wexford & James, a national provider of receivables management services, has completed a pilot program of an integrated debt collection and electronic payment solution.
The solution combines PaymentVision’s electronic payment features, with a debt collection system from Latitude Software, an Interactive Intelligence Group Inc. company.
As a result of the pilot, Wexford has realized increased efficiencies and reduced risk, according to Wexford President Mike Shafer.
“Prior to the integration, we had to process payments in one system, and manage how they were applied in another,” Shafer said. “With the integration, everything works seamlessly. As a result, our account managers are more productive and I have the peace of mind that card data is being protected in adherence to the latest PCI requirements.”
The Wexford pilot program included integrated PaymentVision and Latitude functionality that resulted in the following:
“By building an integrated workflow that keeps the Latitude server outside of all aspects of PCI scope, we’re enabling companies like Wexford to successfully meet increasingly stringent PCI requirements,” said Sean Fleming, PaymentVision’s director of product management. “Our joint solution is especially timely given the finalization of PCI 3.0 this month, which includes stricter rules for card data flows in particular.”
PaymentVision is a biller-direct, PCI-compliant, electronic payment gateway provider. PaymentVision offers clients the unified ability to accept ACH, check, and credit or debit card payments, by phone, or through Internet channels. PaymentVision solutions handle billions of dollars for thousands of financial institutions, large and small nationwide including, credit unions, banks, consumer finance and collection agencies. For more information, please visit http://www.paymentvision.com; follow PaymentVision on Twitter @PaymentVision or on Facebook at http://www.facebook.com/paymentvision; or call 800-345-7243.
About Wexford & James
Wexford & James is a trusted partner, providing a full range of receivables management services to a multitude of fortune 500, mid-size and small businesses alike - from their receivables outsourcing services to their traditional debt recovery and litigation services designed to deal with the most troublesome accounts. For more information, please visit http://www.wexfordjames.com; or call 877-547-6848.
Note to Editors: PaymentVision is a registered trademark of Autoscribe Corporation. All other trademarks mentioned are the property of their respective owners.
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Wexford & James