WIXOM, Mich., (August 1, 2013) – Web Recon’s litigious debtor scrub is now integrated with RevSpring’s market-leading receivables communication and payments platform. The Litigious Debtor identifies consumers who have previously initiated litigation with ARM firms. Data returns can be updated on the account level, simplifying the process of creating an alternative workflow for these consumers.
Given the current litigious business environment, ARM organizations need to implement every tool available to mitigate risk and eliminate lawsuits, especially frivolous lawsuits. RevSpring clients can now use this insightful scrub as part of their regular document processing workflow, automatically alerting their collection system and suppressing the communication or altering workflow if they wish.
“It is an unfortunate reality that some consumers file frivolous lawsuits repeatedly,” said Rich Turner, vice president of sales and marketing at RevSpring. “By utilizing RevSpring’s Litigious Debtor Scrub, organizations can identify consumers most likely to file a lawsuit early in the process and set up appropriate workflows tailored to their business rules.”
The Litigious Debtor Scrub is part of RevID, a complete suite of solutions that identifies and locates consumers, enhancing collection efforts and reducing operational costs by identifying out-of-date consumer data and replacing it with current information. RevID services can intelligently comb through your consumer data, recognize known litigious, bankrupt and deceased consumers and update your collection system at the account level. This is most effective when used in conjunction with the consumer’s social security number.
RevSpring is the leading provider of consumer receivables communication and payment technology. Its core service offerings include data hygiene and analytics, secure document creation and delivery, multi-channel communications, electronic billing and archival services and online payment tools, all while ensuring compliance with regulatory guidelines.
RevSpring holds the industry’s most exacting security certifications including PCI DSS Level 1, HIPAA/HITECH, SSAE 16 and SOC 2, Type II and maintains rigorous legislative and regulatory compliance programs. It serves a large and diverse customer base across the receivables management, healthcare, financial services, home services and other end-markets.
RevSpring was formed by the merger of DANTOM Systems, PSC Info Group, Data Image and BestBill.