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PaymentVision - Autoscribe Corporation: Delivering Secure, Holistic and Simplified Payment Solutions

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Rob Pollin, Founder and CEO; Ryan Clark , Head Of Product Management at PaymentVision With more than 30 years of entrepreneurial innovation and executive leadership experience in the fast-paced financial technology services industry, Rob Pollin founded Autoscribe Corporation as a leading financial technology services company and payment processor, in 1989. Consisting of two divisions—PaymentVision and Lyons Commercial Data—the company has set a simple yet powerful mission: to help businesses across the U.S. to process transactions securely, manage risk, and ensure compliance providing cutting-edge tools. “We’ve grown to service thousands of customers and process over $2 billion in transactions annually,” Pollin comments. Among the company’s growing roster of clients are several large financial institutions in the U.S., credit unions, insurance companies, municipalities, credit bureaus, foreign exchange originators, auto and consumer finance companies, as well as nonfinancial entities.

As a biller-direct, PCIcertified, electronic payment gateway provider, Autoscribe Corporation’s PaymentVision division offers clients the unified ability to accept ACH, check, and credit or debit card payments, by phone or through Internet channels.

PaymentVision offers a patented Hosted Tokenization technology that is a unique approach for the transmission and storage of financial data. Instead of storing card data of their customers, businesses can use tokens and can store and use those in diverse systems while lowering the chance of a data breach and escaping PCI-DSS storage requirements. Most importantly, payments can be processed without exposing an application to financial account data.

In addition, PaymentVision is offering a tailored suite of products and services, including Starter Interrupt Device and a Pay by Text feature to auto finance entities. The former allows auto finance dealers to recover payment or the collateral quickly and easily, allowing auto dealers the ability to limit the operability of an automobile if payment has not been received. On the other hand, with Pay by Text and their Mobile app, the company enables merchants and their customers the flexibility and conveniences to make an ACH, check, and card payment in the palm of their hands. “Our solutions provide the ultimate flexibility. Clients can choose any payment and channel collection method, custom branding options, customizable reporting. They can choose a bank or receive funding from one of our dedicated banking relationships and select the settlement options that meet the immediate needs of businesses,” Pollin remarks.

Autoscribe Corporation works on a certain set of values, including trust and integrity, dependability, exceptional support and service, teamwork, and innovation. The company dedicates a team of professionals to each client from the very beginning of a project, which helps them have a comprehensive knowledge of its customers’ business and tailor solutions accordingly. For example, one of its clients was facing certain problems that could not be addressed over the phone. Subsequently, without any hesitation, the experts from Autoscribe Corporation flew out to the clients’ office and helped resolve all the issues onsite. Additionally, the company carries out customer satisfaction surveys where every client can provide honest reviews, which Autoscribe Corporation leverages to hone their capabilities. All these factors have enabled the company to achieve 98 percent client retention despite the competition in the market.

Looking ahead, the company has drawn a comprehensive roadmap for its future journey. They are focused on simplifying the payment process. The company is conducting interviews with users to understand their requirements, and results will be conveyed to the development team to add new functionalities in their solutions. “Our goal is not to offer the cheapest solution, but we want to help our customers receive the highest value out of our payment capabilities,” Pollin concludes.

- Aaron Pierce
April 01, 2020

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Company
PaymentVision - Autoscribe Corporation

Headquarters
Jacksonville, FL

Management
Rob Pollin, Founder and CEO; Ryan Clark , Head Of Product Management at PaymentVision

Description
As a biller-direct, PCI-certified, electronic payment gateway provider, Autoscribe Corporation’s PaymentVision division offers clients the unified ability to accept ACH, check, and credit or debit card payments, by phone or through Internet channels. PaymentVision offers a patented Hosted Tokenization technology that is a unique approach for the transmission and storage of financial data. Instead of storing card data of their customers, businesses can use tokens and can store and use those in diverse systems while lowering the chance of a data breach and escaping PCI-DSS storage requirements. Most importantly, payments can be processed without exposing an application to financial account data.