PaySimple Provides Payment Processing Functionality to Collection-Master

PaySimple, an industry-leading provider of payment management solutions for businesses, today announces a strategic agreement with Commercial Legal Software, makers of Collection-Master®, the most advanced and mature specialty software for debt collection, foreclosure, and subrogation, to provide a complete integrated payment processing solution to the Collection Master system. This new collaboration enables Collection-Master customers to seamlessly bill and collect payments directly from the software via auto-recurring billing, electronic check processing, direct-debit and credit card processing. In addition, payment processing via the PaySimple system is expected to save Collection-Master users more than 70% over legacy check-by-phone processing.

?We are excited to begin working with Commercial Legal Software to provide payment processing capabilities to their customers,? said Jeff Gardner, president of PaySimple. ?Our automated systems, flat ACH fees, and expedited transaction processing can provide significant cost savings and systems efficiencies in the debt collection industry.?

?A system like PaySimple is long overdue in the collections space,? said Nicholas D. Arcaro, Commercial Legal Software?s vice president of sales and marketing. ?We are very excited about the opportunity to fully integrate with PaySimple as the need for efficient payment solutions is a critical feature for our market, and one that the attorneys using Collection-Master are craving.?

PaySimple customers gain competitive advantage by utilizing cutting-edge technology to process payments more efficiently, normalize cash flow, and significantly decrease outstanding accounts receivables. PaySimple provides a completely integrated payment gateway for processing electronic checks, direct-debits, credit card transactions and for establishing auto-recurring billing and online bill-pay. With the ability to bill, process and deposit all payments automatically, PaySimple customers receive their money faster, more easily and more cost-efficiently.

Over 20,000 companies in a broad range of industries from law firms, to insurance companies, recreation centers, business services, medical services, and non-profits use the PaySimple platform. Business software packages such as Collection-Master also serve these industries and provide pre-payment accounts receivable functions. ?A PaySimple partnership is a turnkey solution for completing the system with an industry-leading easy-to-use payment processing component,? said Gardner.