Gaithersburg, MD, August 14, 2014 – Adding PaymentVision electronic payments processing to Allied Business Systems software reduces collection timeframes and improves efficiency for consumer lending servicers.
PaymentVision, a provider of electronic payment processing technology for the consumer finance industry, announced today the release and successful use of its integrated offering for Allied Business Systems, LLC, a provider of consumer lending software and services.
“We are looking forward to working with Allied Business Systems and their clients to provide state of the art payments processing resulting in increased efficiencies yielding significant financial savings over the course of our alliance,” said Jim Phelan, Senior Vice President of Sales at PaymentVision.
Capitol Finance, a consumer finance company in Harlan, KY was among the first to implement the integrated solution. “We are very pleased with the credit card services and integration setup for us by Payment Vision and Allied Business Services,” said Tammi Brown, Vice President of Operations at Capitol Finance. “We appreciate all the hard work and effort by both parties put into this venture. Our customers are very pleased with the convenience these services have offered them. Thank you again for helping our company merge into a new up-to-date future.”
Consumer finance, sales finance, auto finance, and real estate companies already rely on Allied Business Systems to protect their data, improve office efficiencies, simplify financial analysis, and increase profitability. Allied Business Systems’ in-house business services team provides their clients with the tools to grow their business and realize their unlimited potential without adding to their overhead.
“We are excited about our integration with PaymentVision and the benefits they provide to our clients. PaymentVision delivers a competitive advantage in terms of security and compliance,” said Miranda Price, Director of Business Services & Marketing at Allied Business Systems. “This solution is seamless to the end-user and helps ensure maximum security and protection.”
Highlights of PaymentVision payment processing include:
- Hosted Tokenization enables consumer finance companies to collect payments from within the absVision without exposing long-term or short-term memory to card or bank account data.
- Integrated Card Authorization enables agents to send card authorization requests from within absVision and receive a response while the customer is present or on the phone.
- Bank Account Verification enables agents to verify that a bank account is open and in good standing prior to enrolling it in a payment arrangement.
- Open Payment Gateway enables consumer finance companies to bring their own bank or merchant account provider many times resulting in no hold, no reserve, next day funding.
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, 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 a http://www.facebook.com/paymentvision; or call 800-345-7243.
About Autoscribe Corporation
Autoscribe Corporation, provider of PaymentVision gateway services and Lyons Commercial Data, is a leading financial services company and payment processor currently servicing over 2,000 financial institutions and corporate billers across the nation. For more information, please visit http://www.autoscribe.com; or call 800-345-7243.
About Allied Business Systems
Founded in 1978, Allied Business Systems, LLC (ABS) is a technology company that specializes in loan origination and servicing software for the consumer finance industry. ABS is headquartered in Macon, Georgia, and consists of an impressive team of finance and technology experts. ABS has installed over 4000 locations in over 30 states, helping to improve probability and efficiency. For more information about Allied Business Systems, visit http://www.alliedbiz.com/ or call 800-727-7534.
Note to Editors: PaymentVision is a registered trademark of Autoscribe Corporation. All other trademarks mentioned are the property of their respective owners.