TRAQ Software’s DebiCheck and fraud protection for debit orders is a proven game-changer for debt collection agencies in South Africa. With all the worries people have about getting ripped off these days, having a leading platform like TRAQ adds a premium authentication system from the Payments Association of South Africa, PASA totally transforming the way the debtor feels – well, that’s big news!
It basically means every debit order TRAQ processes, has extra verification to ensure it’s legit and above-board. So for agencies using the system, you can let clients know their money is even more secure. And that builds serious trust in the whole debt recovery process.
Of course efficiency matters too, but adding safety features like DebiCheck without slowing things down? That’s huge. It’s innovation like this that gets everyone – collection agencies, their customers, even the banks – working together smoothly. At the end of the day, that benefits South Africa’s whole financial debt collection system.
Understanding DebiCheck in 2024
DebiCheck represents a significant leap in debit order management. Unlike traditional methods it requires a once-off electronic confirmation from the consumer before any direct debit order can be processed. This advanced authorisation mechanism fortifies security, minimises disputes and ensures a smooth transaction flow. TRAQ software’s integration of DebiCheck provides an unmatched level of control and reliability for both collection agencies and their clients.
So why TRAQ’s DebiCheck?
Using TRAQ software makes collecting debts a whole lot smoother for collection agencies. With DebiCheck verification built right in, it handles a bunch of tasks on autopilot – freeing up manpower to handle delicate client issues.
And get this – TRAQ delivers analytics on each case to see the full perspective! That means agents can focus energy where it has the most impact, instead of spreading themselves thin. It’s about working smarter, not harder!
So you get automated processes to improve efficiency day-to-day, plus the insights to guide broader strategy. When you combine it all with DebiCheck giving clients more confidence in debit orders, it seriously moves the revenue needle up the gauge.
It’s exciting to see platforms like TRAQ software actually makes life much easier on both sides. This blend of ethics, honesty, transparency and smart technology benefits everyone involved while achieving faster and more successful debt recovery. That’s a win-win in our books!
Benefits of TRAQ DebiCheck optimiser:
- Reducing Disputes: Lower erroneous debit order disputes and boost collections.
- Cost Savings: By decreasing fraudulent accounts and verifying bank account legitimacy, you cut costs.
- Boost Consumer Confidence: Encourage trust by letting customers know how payments will be handled up front.
- Accuracy of consumer data: This is improved by eliminating unfair cash flow management techniques via electronic consumer confirmation.
- Digitised onboarding process: This eliminates the necessity for physical documents.
Looking Past Faceless Debts and Bad Debt Recovery
A ton of collection agencies just see people as faceless debts – they don’t dig deeper to understand personal situations. But using TRAQ is totally different! Our software creates debtor profiles that segment people into categories based on financial history and risk levels. So VIP clients might get white glove treatment, while struggling families can access customised assistance programs.
On top of that, TRAQ software has smart notifications to nudge different groups at just the right times. It’s not a robotic, one-message-fits-all thing. Every touch point is tailored to individuals as much as possible. With DebiCheck verification sealing the deal, you can feel good knowing every collection attempt is legitimate. Consider it one of the most useful tools you will learn about our debt collection software.
For agencies willing to take a more ethical and personalised approach, TRAQ is a game changer. It flips the old school debt recovery model on its head through comprehensive financial management. Who said ‘collector’ had to be a dirty word? Forward-thinking agencies are proving there’s a better way.
TRAQ really is the future of ethical debt recovery. With our integrated DebiCheck top-tier authentication system – it’s taking security and reliability to the next level.
For collection agencies, it means keeping client data safe while making your whole workflow more efficient. TRAQ’s debt collection software is packed with features to optimise everything from payment processing to strategic decision-making, adding to your benefits. It’s all centred around doing right by people who owe money. We are stepping up to set higher standards at a time when shady practices give the industry a bad name. It gives us hope to create technology used thoughtfully – to simplify processes while not dehumanising people!
So if your collection agency is ready to upgrade, contact us. Getting onboard now means staying ahead of the curve – and being part of a more conscientious movement for debt collection software in South Africa. We are pioneering the path forward. Want to learn more? Here’s a short summary of TRAQ Software’s 10 Essential Debt Collection Features.