Thumbnail - To the Point: Debt Collection Technologies

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In a perfect world, one compliance tracking system and one online payment system would work for every debt collection agency. But in the real world, collectors need to know how to optimize technology to streamline the payment and compliance processes for maximum performance.

As regulators have made it clear that debt collection agencies are accountable for noncompliance of third party vendors, new technologies can automate compliance tests across your company and its vendors; you’ll be the first to know about any potential snags.

New participants with new technology solutions are entering the marketplace all the time. That’s why we compiled the latest news, analysis and debate from our insideCompliance webinar into one user-friendly report. Learn how to evaluate compliance tracking software, and how online payment portals can enhance collection operations while still staying compliant.

You’ll Learn:

  • Where does the legal burden lie if collection software makes an error?
  • How will compliance obligations expand in the debt collection industry, and how can technology help ease the process?
  • How can programmers proactively respond to changing compliance requirements?

This report contains guidance on:

  • Compliance tracking software
  • Online payment software
  • How to make compliance and payment technologies work together
  • Future technological developments

Author: insideARM.com with Erick Bzovi and Stevan H. Goldman

Length: 10 pages