Early Out Programs
Early Out programs allow debtors an early way out of the collection process by quickly resolving the debt owed to the debtor collector or its customer. They are best used on accounts less than 90 days old.
Maximize the return on your early out accounts with the award winning CollectOne software suite.
Learn More...
Electronic Fund Transfer Act (EFTA)
The Electronic Fund Transfer Act is a federal law which, in conjunction with Fair Credit Billing Act (FCBA), establishes procedures for resolving mistakes on credit billing and electronic fund transfer account statements.
Electronic Funds Transfer (EFT)
Electronic funds transfer, or EFT, refers to moving money from one account to another via electronic means. Typically, computer-based systems are utilized to perform these financial transactions electronically.
The term is used for a number of different concepts:
* cardholder-initiated transactions, where a cardholder makes use of a payment card
* electronic payments by businesses, including salary payments
* electronic check clearing
The CollectOne software suite can provide you with the technology to efficiently manage payment processing for your receivables in real-time.
Equal Credit Opportunity Act (ECOA)
The Equal Credit Opportunity Act (ECOA) is a federal law, which prohibits creditors from discriminating against credit applicants on the basis of sex, marital status, race, color, religion, age, and/or receipt of public assistance.
|
