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January 21, 2009
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Press Contacts:
Josh Wendroff, Regulus josh.wendroff@regulusgroup.com 213-216-1808 Ted Rossman, New Venture Communications trossman@newventurecom.com 914-432-7083 |
NAPERVILLE, Ill. – Apr. 13, 2009 – Regulus Group, Bill collection during a downturn can be difficult enough, but with a record number of home foreclosures across the United States, billers in virtually every industry are finding it challenging to keep track of customers who are forced to move due to difficult economic conditions.
Executives
from Regulus Group, the premier
provider of outsourced billing and payment
services, will address best practices for effectively dealing with
these
challenges in a teleseminar titled, “From Paper to Electronic
– Tracking &
Billing Customers in Today’s Changing Economy,” on April 17
at
As
corporate cutbacks and layoffs continue to mount, consumers are
increasingly hard-pressed
to meet their financial obligations; more than 3 million foreclosure
filings
were made on US properties in 2008. As a result, billers are finding it
increasingly difficult to track customers and obtain payments from
those who
have been displaced from their homes.
Regulus’ Transactions2 (T²) suite of products and services provides companies in the finance, healthcare, insurance, telecom and utility industries with much greater control and visibility over their billing and remittance processes. The T² suite creates value at every stage of the transaction lifecycle by increasing access to valuable data and combining traditional paper with state-of-the-art electronic services. Approximately 40 percent of the FORTUNE 50 uses Regulus’ services. Regulus processes nearly two billion transactions each year and nearly $32 per month of the recurring bills in every American household.
More than 18 billion ACH payments were exchanged in 2007. NACHA is responsible for the administration, development, and enforcement of the NACHA Operating Rules and sound risk management practices for the ACH Network. Through its industry councils and forums, NACHA brings together hundreds of diverse payments system stakeholder organizations to enable the development of new network services and applications. NACHA represents more than 11,000 financial institutions through direct membership and 19 regional payments associations. NACHA and its members provide education, tools, and resources to increase the adoption of ACH payments to benefit businesses, consumers, and governments. To learn more, visit www.nacha.org and www.electronicpayments.org.