MONTVILLE, NJ & GAITHERSBURG, MD, March 26, 2012 – Commercial Legal Software (CLS) and PaymentVision have partnered to provide an integrated debt collection and electronic payment gateway solution to increase the productivity of collection offices.
The integrated solution enables collection firms to accept ACH and card payments over the phone and internet, meet PCI-compliance requirements, and batch update their legal recovery software. The solution also enables firms to rapidly respond to client requirements. An integrated rules engine allows firms to establish card acceptance rules to comply with card issuer requirements. Batch control at the creditor level enables firms to meet tight client reporting deadlines, particularly at the end of month. This solution helps to reduce costs, quickly receive settlements, and stay a step ahead in an increasingly complex compliance environment.
“Our partner mission is clear, we want to deliver the most feature-rich solution that streamlines the payment and collection process, boosts productivity, and increases PCI compliance,” said PaymentVision CEO, Robert Pollin. “Commercial Legal Software aligns extremely well with our suite of services designed to offer our shared clients a superior experience through a flexible, easy to use, yet comprehensive solution.”
The PaymentVision solution enables customers to accept ACH, check, and credit or debit card payments by phone or through internet channels. PaymentVision’s electronic payment services give customers reduced administrative overhead, additional payment channels, and PCI compliance advantages. The company’s “no hold, no reserve” feature offers flexible settlement options so that customers can leverage their current banking relationships, thus eliminating hold requirements and accelerating funds receipt.
Nicholas D. Arcaro, Vice President of Sales & Marketing at Collection Legal Software, Inc. states: “Our latest connection to PaymentVision offers streamlined web-based payment transactions with superior security and complete integration with Collection-Master. CLS has built an excellent reputation based on its innovative legal collection software; customizable, private and public interfaces; customer support and straightforward business philosophy.”
Robbie Suddeth, IT Director at Glasser and Glasser, P.L.C. in Norfolk VA sees PaymentVision as a welcome upgrade to Collection-Master. “Since upgrading to PaymentVision, we have been very pleased with the improvements. The immediate enhanced reporting capabilities are a dramatic improvement over other systems we have used. We are drilling down on highly specific reporting on individual clients to replace past, sluggish and ill-suited platforms. We have been impressed with the customer service and teamwork we have experienced in the enhancements, our rapidly changing client and industry needs, and we look forward to working with PV in the future.”
Collection-Master, the flagship product of CLS, is recognized in the legal collection industry as the finest, most mature, feature-rich, and highly evolved system of its kind. In addition to software and services, Commercial Legal Software’s mission-oriented business philosophy consistently sets it apart from all others.
About Commercial Legal Software, Inc.
Founded in 1978, Commercial Legal Software, Inc. has been faithfully serving debt collection attorneys and agencies across the United States for over 30 years. CLS continues to grow with more than 800 installations nationwide. This successful evolution stems from a dedication to helping customers improve efficiency and productivity. CLS excels in service, support, and training with the aim to provide a superior product, designed to optimize the efficiency of legal collections and ethical recoveries. Commercial Legal Software’s corporate offices and its training annex are located in Montville, NJ. For additional information, call CLS at 800-435-7257 or visit www.CollectionSoftware.com.
PaymentVision is a biller-direct, PCI-certified, 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, credit unions, collection agencies, and foreign exchange originators, as well as non-financial entities large and small. PaymentVision was founded in 1988 and is headquartered in Gaithersburg, Maryland. PaymentVision can be reached at 800-345-7243, or on the web at www.paymentvision.com.