A leading provider of receivables management software for the loan servicing industry, SeaTip Software Systems, Inc., announced that customers of its loan servicing software, LIMS, (Loan Information Management System) will have access to the gateway services of Payment Vision®, the popular payment gateway powered by Autoscribe Corp.

Payment Vision® is a payment gateway that concentrates payments captured at various windows such as Internet, IVR and call centers. Perfect and continuous awareness of payments remitted at the consumer self-service windows is allowed by the hub-and-spoke alignment allows.

Two of the gateway services, PayWeb & PayIVR, under the agreement, will be connected to the LIMS loan servicing software. Via the Web and via touch-tone phone, the integrated solution allows borrowers to review and make payments against their balances. Automatically posted to the LIMS system are all payments received through the two self-service windows.

AAP, CTP: Director of Payment Vision Gateway Services, Autoscribe Corporation, Sean Fleming, stated: “We have seen in our industry a direct correlation between payment convenience and lower default rates. Through our partnership not only do payment doors remain open 24x7, the loan servicing system is automatically updated when payments are received. The new solutions will play a significant role in allowing SeaTip customers to better grow and manage their loan portfolios.”

Mikki Segraves, CEO, SeaTip Software Systems, Inc., stated:  “The customers of today and tomorrow will be demanding to have the flexibility of methods for managing their financial obligations, including various means for making payments in accordance with their life styles. Currently LIMS, either through internal designed features or integrated third party services, offer a variety of payment options such as payment coupons, both sheet or book, statements, starter interrupts controls, electronic funds transfer, to name just a few. The addition of Autoscribe’s Payment Vision® services further extends the payment options to customers of LIMS users as well as reducing the overall payment processing costs, resulting in increased profits. It was only logical that a system specializing in loan servicing, LIMS, integrate to a service specializing in flexible payment processing, Payment Vision®.”