No more errors resulting from mistyped account numbers. Check-digit routines and account masks at Visa ePay catch most invalid account numbers, insuring creditors receive only valid accounts. Net and gross fields in the payment allow the consumer's record to be credited with the gross payment, while the agency settles only the net payment. This eliminates the entire invoicing process and allows the agency quicker access to operating funds. Debt Management Plans are processed in days rather than weeks.
Creditors can automatically accept proposals that meet pre-programmed acceptance criteria.
Valuable human resources can be saved to work only on the exceptions, not the routine plans. Account balances and last payments can be verified by the system automatically without any human intervention. Results are returned within 24 hours. When it's over, it's over. Close Out Messages provide creditors and agencies with the means to remove a client from a plan and automatically adjust the client's computer records.