Don't Be Fooled By The Data — Payments Collections Are Still Stressful
With delinquency rates at never-before-seen lows, if you thought collections and risk executives can now rest easy, you’d be dead wrong The industry is facing a rapid pace of regulatory changes, a new regulatory body (the Consumer Financial Protection Bureau) and a host of aggressive overseers who are creating uncertainty and making things more chaotic than ever.
This white paper, written by TSYS' Julie Austin and Vytas Kisielius, examines what is happening on the legislative front and what can be done about it when dealing with these new regulatory challenges.
TSYS (NYSE: TSS) believes payments should revolve around people — not the other way around. They call this belief "People-Centered PaymentsSM." By putting people at the center of every decision, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, they are making it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
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