Fremont, CA: Payscout, a global payment innovation leader with specialized processing solutions for vertical-specific industries such as Healthcare, Education, Accounts Receivable Management (ARM), and Enterprise merchants with a global presence and complicated requirements, has improved integration with Optimus, an enterprise-wide cloud-based collections and recovery software platform from Telrock Systems.
Through this improved integration with Payscout's Paywire platform, a prominent ARM-centric gateway, Optimus users can now directly access seamless integrated payment processing via API. The Paywire platform provides omnichannel payment capabilities for credit, ACH, debit, and HSA in a secure, PCI-compliant environment.
• Furthermore, connecting to the Paywire platform grants Optimus users access to improved service offerings from Payscout, such as 360° Fee-Free Payments and First-Party Biller (FPB), programs that have a proven track record of growing collection rate and revenue.
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• First-Party Biller (FPB) is a service that agencies sell to their clients as an EBO or BPO to help them with their early receivables prior to collection assignment. By including payment acceptance in their package pricing, the FPB reduces the impact on client staff and systems while also reducing potential vulnerabilities during data transfer because the agency retains control of the process, vendor, and systems. More importantly, FPB offers direct deposit of funds into client bank accounts, eradicating the common remittance waiting period.
"These are trying times for businesses in the collections and ARM space," remarks Manpreet Singh, President and Co-Founder of Payscout. "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."
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