| [February 08, 2012] |
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Latitude Software and PaymentVision Offer Integrated Debt Collection and Electronic Payment Solution
JACKSONVILLE, Fla. & GAITHERSBURG, Md. --(Business Wire)--
Latitude Software, an Interactive Intelligence (News - Alert) Group Inc. company
(Nasdaq: ININ), and PaymentVision have partnered to offer an integrated debt
collection and electronic payment solution.
The integrated solution was designed to help customers reduce costs,
more quickly receive settlements, and increase compliance.
"Before we deployed the integrated Latitude and PaymentVision solution
we were doing everything manually," said Western Mass. Credit Corp.'s
president and CEO, Linda Lata. "Following deployment, we immediately saw
an increase in collections. There's no longer a bottleneck at our credit
card and Web terminal, our IVR captures calls that would have been lost
to disconnections, and we are now PCI (News - Alert)-compliant. Overall this has been a
great experience for us."
Latitude provides debt
collection software and services for collection agencies,
first-party creditors, debt buyers, and law firms. Its software suite,
which can be delivered via a premise or hosted model, manages all pre-
and post-charge-off accounts and the entire collection workflow process.
The software suite's open architecture was designed to help customers
improve communications and account tracking for more effective debt
recovery.
"Our partner mission is to deliver the most feature-rich solution that
streamlines the payment collection process, boosts productivity, and
increases PCI compliance," said PaymentVision CEO, Robert Pollin.
"Latitude's offering perfectly supports this mission by giving our joint
customers added value through a flexible, easy to use, yet comprehensive
solution."
The PaymentVision solution enables customers to accept ACH, chec, and
credit or debit card payments by phone or through Internet channels.
PaymentVision's electronic payment services give customers reduced
administrative overhead, additional payment channels, and PCI compliance
advantages. The company's "no hold, no reserve" feature offers flexible
settlement options so that customers can leverage their current banking
relationships, thus eliminating hold requirements and accelerating funds
receipt.
"Our mission is to offer flexible and complete solutions that give our
customers a competitive edge," said Latitude president, Carl Harkleroad.
"PaymentVision helps us deliver on that mission by adding powerful
automated payment features to our suite, such as its unique 'no hold, no
reserve' capability. We're proud to partner with PaymentVision to give
our joint customers an even greater competitive advantage."
About PaymentVision
PaymentVision is a biller-direct, PCI-compliant, electronic payment
gateway provider. PaymentVision offers clients the unified ability to
accept ACH, check, and credit or debit card payments, by phone, or
through Internet channels. PaymentVision solutions handle billions of
dollars for thousands of financial institutions, large and small
nationwide including, credit unions, banks, consumer finance and
collection agencies. PaymentVision was founded in 1988 and is
headquartered in Gaithersburg, Maryland. PaymentVision can be reached at
800-345-7243, or on the Web at www.paymentvision.com.
About Latitude Software
Latitude Software, an Interactive Intelligence Group Inc. (Nasdaq: ININ)
company, provides debt collection software and services. Latitude has
hosted and on-premise solutions that are easy to use and offer
comprehensive functionality for faster, more effective debt collection
and portfolio recovery. The Latitude software suite is built using the
latest Microsoft .NET (News - Alert) development tools and Microsoft SQL server
database technologies. Latitude was founded in 1997 and serves more than
200 companies nationwide. Latitude is headquartered in Jacksonville,
Florida and can be reached at 866.396.2599, sales@debtsoftware.com,
or on the Net at www.debtsoftware.com.
About Interactive Intelligence
Interactive Intelligence Group Inc. (Nasdaq: ININ) is a global provider
of contact center automation, unified communications, and business
process automation software and services. The company's unified IP
business communications solutions, which can be deployed on-premise or
via the cloud, are ideal for industries such as financial services,
insurance, outsourcers, collections, and utilities. Interactive
Intelligence was founded in 1994 and has more than 4,000 customers
worldwide. The company is among Forbes Magazine's 2011 Best Small
Companies in America and Software Magazine's 2011 Top 500 Global
Software and Services Suppliers. It employs more than 1,000 people and
is headquartered in Indianapolis, Indiana. The company has offices
throughout North America, Latin America, Europe, Middle East, Africa and
Asia Pacific. Interactive Intelligence can be reached at +1 317.872.3000
or info@inin.com; on the Net: www.inin.com.
This release may contain certain forward-looking statements that involve
a number of risks and uncertainties. Factors that could cause actual
results to differ materially are described in the company's SEC (News - Alert) filings.
Interactive Intelligence is the owner of the marks INTERACTIVE
INTELLIGENCE, its associated LOGO and numerous other marks. All other
trademarks mentioned in this document are the property of their
respective owners.
ININ-G

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