ACH payments continue to be one of the most efficient, cost-effective, and widely used payment methods for agencies, creditors, and law firms. But when an ACH return occurs, it can slow down recovery, add operational work, and introduce compliance considerations your...
The Rise in CFPB Complaints: What Collection Firms Must Do Now to Reduce Risk CFPB complaints related to debt collection continue to rise, and today’s consumers are more informed, more vocal, and more empowered than ever. As expectations shift and digital...
At HealPay, we understand the importance of securing your financial information and transactions. As part of our robust security measures, we’ve integrated MFA into our payment portal. By adding this additional layer of security, we aim to provide a safer environment for you, our valued customers.
Today’s businesses have a variety of payment processing options to choose from. Among the most popular are Automated Clearing House, or ACH, payments and credit card processing. Both are viable for accepting payments, but they have some key differences.
In our swiftly evolving digital economy, traditional modes of commerce are constantly reshaped, challenged, and often replaced by more efficient, secure, and technologically advanced alternatives. This digital transformation has permeated every sector, from retail to real estate, with one of the most significant shifts being the adoption of new payment methods.
Let's talk about something serious today, something that's as ubiquitous as it is underappreciated - the Automated Clearing House (ACH) system. It's no surprise that ACH use is steadily rising - it's convenient and easy on the wallet. Unfortunately, the features that...
As credit card and delinquency rates rise, debt collection becomes increasingly challenging. Despite having more volume in the pipeline, recovery efforts may be impacted by consumers finances.
Yes, you read that right. Empathy. In debt collection. Stay with me here. It's easy to draw up the image of the stereotypical debt collector: a somewhat ruthless individual or agency persistently hounding down debtors, garnishing wages, and wreaking emotional havoc....
ACH payments are faster and more secure than checks but more cost-effective than credit cards. Learn more about the benefits and risks of accepting ACH payments.
Today, we're embarking on a thrilling journey, an expedition into the heart of the financial jungle - the enigmatic world of ACH payments. If you're imagining a world of 1s and 0s scurrying around with dollar bills, well, you're not entirely off. So, let's roll up our...
Medical debt. It's an unwelcome tag-along that's managed to secure a spot in the home of nearly 1-in-5 American households. A bit of a home-wrecker, wouldn't you say? But it's not all bad news on the debt front. Congress, playing the role of a financial lifeguard, has...
Debt collection – a sector that often carries a negative connotation, is witnessing a regulatory transformation. As we march deeper into the digital age, the balance between consumer protection and efficient credit recovery becomes more delicate. The regulatory winds...
The Fair Debt Collection Practices Act (FDCPA) has been a cornerstone of consumer financial law since its introduction in 1977. Designed to prevent abusive, unfair, and deceptive practices in the collection of consumer debts, the FDCPA serves as a watchful guardian,...
HealPay is excited to exhibit at the National Creditors Bar Association 2023 NCBA Connect Conference. The conference will be held May 3rd through May 5th in Denver, Colorado at the Sheraton Denver Downtown Hotel. NCBA provides valuable opportunities to connect with...