Gaithersburg, Maryland (PRWEB) February 19, 2015
PaymentVision, a leading provider of electronic payment processing technology for the financial services industry, announced an exciting partnership with Shaw Systems Associates, Inc. The partnership will enable the Shaw Systems clients to securely process any form of payment – credit card, debit card, or ACH – in one-time, recurring, and fee-based transactions through online, mobile, agent-assisted portal, automated phone system, or directly within the Shaw application.
PaymentVisions integrated solution with Shaw Systems has allowed Persian Acceptance Corp. (PAC) to offer additional payment options to our customer base, which has increased its cash collections and resulted in a lower delinquency rate, said Victoria Robbin, Compliance & IT Officer at Persian Acceptance Corp. In addition, the payment file integration with Shaw has eliminated the need for manual input of payments – freeing up resources for the company and reducing data entry mistakes.
This integration was a collaborative effort between the Shaw and PaymentVision product teams to integrate an agent-assisted, web and IVR payment capability into a loan servicing and collections workflow, while keeping the systems outside of PCI scope, said Sean Fleming, Product Director at PaymentVision. The result is the only integrated payment solution for the Shaw Collections and Retail System, providing auto dealers and finance companies with new tools to increase productivity, maintain compliance, and deliver better service to borrowers. Many thanks to Stephen Brannon, the Shaw product team, and to our two pilots for their assistance in making this a successful launch.
Shaws integrated solutions leverage existing applications to provide automation and flexibility while lowering costs. Their clients work smarter across all portfolios and manage customer-centric relationships and decisions. North America’s top financial institutions, including a vast number of auto finance leaders, use Shaw products and services. Some of Shaws client base includes banks, captive finance companies, credit unions, and specialty lenders.
The Shaw Systems and PaymentVision partnership without question is a tremendous value add to our customers, said Stephen Brannon, Director of Business Development at Shaw Systems. We have been impressed with their groundbreaking payment technology that separates them in the payment space. The integration has been completed, and we have several mutual customers already using PaymentVision in their production environments. Those lenders are now more efficient at capturing customer payments sooner, using electronic wallets, making web and IVR payments, and securing future dated and recurring debit/credit card payments.
Highlights of PaymentVision payment processing include: