PaymentVision® Launches Web-Based Debt Negotiation & Resolution Tool

JACKSONVILLE, Fla. -- PaymentVision®, a leading provider of electronic payment gateway technology and solutions, recently added an improved online debt negotiation and resolution platform to its suite of services. The new Resolve my Bill(SM) tool exposes a web site to facilitate debtors negotiating financial obligations to receivables firms such as collection agencies and law firms, on mutually agreeable terms, based on treatment parameters specified by the agency.

Resolve My Bill(SM) works by opening and moderating an automated dialogue between debtors and creditors over a secure web session.  Debtors can explore agency-offered payment options and negotiate payment terms and timing details that have been pre-approved by the agency.   

According to PaymentVision®, initial tests of the Resolve My Bill(SM) platform generated an average 20% increase in resolution rates over 68%.

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