General News

CMax Completes Move to Illinois to Support Its Growth

EDITOR’S NOTE: The following press release was submitted by CMAX Finance. Libertyville, Ill. – September 5, 2017 CMAX Finance LLC, a specialty lending finance company, serving small and medium size debt-buyers with flexible and dependable funding solutions is pleased to announce that it has successfully completed the move of its …

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Collection Agency Owner Sentenced To Four Years in Prison

The owner of three medical debt collection agencies has been sentenced to four years in federal prison for embezzling $800,000 from her clients. Rebecca Pargeon owned Pargeon Medical Services, Kids First Pediatric Billing and Surgical Billing Solutions, which were all based in Springfield, Missouri. She pleaded guilty to charges of wire …

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Payment Processor Offering No-Cost-To-Biller Solution

Compliance is king these days in the ARM industry. That includes how collection agencies and debt buyers process payments, as well. In many ways, payment processing has become commoditized with companies fighting for business with collection agencies by competing on price instead of competing on value and service. A new …

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Cyclone Software integrating myPayrazr Gateway, Portal and IVR from BillingTree

BillingTree®, the leading payment technology and services provider, today announced Account Receivables Management (ARM) specialist Cyclone Software will integrate the myPayrazr Solution Suite into its financial services offering. The integration allows Cyclone clients to utilize the myPayrazr Gateway, Portal and IVR to meet growing technology and compliance expectations. Cyclone Software …

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ProVest Acquires JJL Processing

ProVest today announced the acquisition of J.J.L. Process Corp. ProVest says it is the nation’s largest process-serving company. The acquisition aims to provide ProVest with a stronger presence in the ARM industry, the company said in a press release announcing the acquisition. Terms of the deal were not disclosed. Scott …

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