Inside PaymentVision’s Blog
Welcome to the PaymentVision™ Blog. Read articles covering the latest in the payment processing industry. Learn more about increasing bill collection, staying compliant, industry trends, business continuity, and more.
CFPB Speaks: In-Person Debt Collection
Topics: Payments Compliance
In-person debt collection raises the collector’s risk of being in violation of relevant sections of financial law, including the Dodd-Frank Act and the Fair Debt Collection Practices Act. The risk…
CFPB Launches Updated Website
Topics: Payments Compliance
Last week, the CFPB launched a redesign of their main consumer-facing website. “These changes will help users quickly and easily browse the vast range of information, tools, and reports that…
ISO 20022 Addresses Gaps for International ACH Transactions, Which Are Not Eligible for Same-day ACH
Topics: Payments Compliance
Back in 2013, the U.S. Federal Reserve issued a “Public Consultation Paper” to address recent technical innovations in the payments industry and to seek input on gaps that had developed…
Take Precautionary Steps to Cybersecurity
Topics: Payments Risk Management
It is safe to say that today’s urgent need for security in every aspect of business is both unprecedented and overwhelming. The ubiquitous Internet opens doors for both commercial gain…