Features & Benefits
- Accept Payments from customers/debtors 24/7
- Facilitate Secure Agency/Consumer Communication
- Tailor Payment Negotiation To Your Business
- Create Your Next Top Collector Without Increasing Staff
- Control Compliance By Customizing Language On Every Screen
- Audit Performance Daily
PayStream is designed to get your consumers to pay their bills while reducing your overhead cost servicing accounts. As a ‘Virtual Collector’, PayStream will actually walk your consumers through the web-initiated collection process, including legal language review and authorization, identity verification, account review, and a full repayment negotiation. PayStream has revolutionized the way that collection agencies are getting paid.
“I can log in and see that while I was relaxing and my collectors were at home off business hours, my accounts are still being collected on. I don’t have to do anything and we are seeing payment arrangements being made. My business revenue has increased since starting with PayStream.”
Brad Edwin — Credit Bureau of Albert Lea
Is PayStream Compliant With Industry Standards?
PayStream is on a platform that allows full control over site compliance. We host the site in a safe environment and maintain fully PCI complaint integration’s with payment processors. The legal language, account information, and payment options offered to consumers via the site is custom according to your specifications. You can customize much of the site language, such as a Site Mini-Miranda, Site Usage Disclaimer, and Funding Page text.
“Paystream has played a major role in the organization and communication between agency, client and the consumer. It has allowed us to customize and retrieve data by allowing the customization of reports and time sensitive documents specific to our needs. Consumers can go online and make a payment 24/7, cutting down the time spent negotiating payments with a collector. Paystream is efficient, easy to use, and provides a modern solution to everyone involved in the collection process. Most importantly, Paystream provides a transparent reporting and interactive portal between our clients and our office enabling our office to be more productive while reducing labor cost.”
David Mendiola — Data Central