Latitude Software and PaymentVision Offer Integrated Debt Collection and Electronic Payment Solution

Published on Wednesday, 08 February 2012 09:18 Written by TradersHuddle Staff

JACKSONVILLE, Fla. & GAITHERSBURG, Md.-( Business Wire )-

Latitude Software, an Interactive Intelligence 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-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, check, 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 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, This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , 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 This e-mail address is being protected from spambots. You need JavaScript enabled to view it. ; 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 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.

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PaymentVisionDean Fees, 301-987-0700Vice President of Salesdfees@paymentvision.comorInteractive IntelligenceChristine Holley, 317-715-8220Senior Director of Market This e-mail address is being protected from spambots. You need JavaScript enabled to view it.