Fintech

Payscout and Telrock Systems Partnered Over Paywire Integration

Payscout_and_Telrock
Payscout, one of the global leaders of payment innovation, is elated to announce its latest integration with Optimus. Payscout is known as one of the global leaders of payment innovation. The company has provided specialized processing solutions for vertical-specific industries such as Healthcare, Accounts Receivable Management (ARM), and Enterprise merchants. Optimus is known for its comprehensive cloud-based collections and recovery software platform from Telrock Systems.

Telrock Systems is a global technology provider for modern recovery software solutions and cloud-based collections for creditors and 3rd-party consumer collections organizations to improve their functionality and advance business capabilities.

Payscout's Paywire platform will be a significant ARM-centric gateway for the users of Optimus as they will now have direct access to seamlessly integrated payment processing through API. The enhanced integration will serve the purpose of providing advanced omnichannel payment capabilities for debit, credit, HAS, and ACH in a secure and PCI-compliant environment.

In addition, the new Paywire platform now offers the users of Optimus access to enhanced service offerings from Payscout. The offerings would be programs with a proven record of increasing collection rates and boosting revenue and 360° Fee-Free Payments and First-Party Biller (FPB). Fee-Free Payments and First-Party Biller (FPB) is a service offering for agencies to their clients (BPO or EBO) to assist on receivables before assignment for collection. FPB generally reduces the impact on clients and systems during data transfer and controls the entire process.

360° Fee-Free Payments is a fully compliant Convenience Fee solution that enables merchants to eliminate or significantly reduce their payment processing fees by charging consumers at a flat price for the convenience of accepting card-not-present (CNP) payments online or via mobile phone.

These are trying times for businesses in the collections and ARM space. With many businesses facing reduced budgets, limited inventories, and increased regulations, there is a real need for an efficient and compliant payment solution that reduces costs and increases revenue. The integration between Paywire and Optimus provides further proof of the commitment between Payscout and Telrock Systems to provide innovative collection solutions that meet the needs of our customers."

Manpreet Singh, President and Co-Founder of Payscout

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