Firstsource

A leading provider of digital collections solutions

Firstsource is a Visa Ready partner, providing digital collections solutions to Fintech and lending entities that operate on Visa’s network.

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PARTNER DETAILS

Fintech Partner Connect

Firstsource Digital Collections

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CAPABILITIES

Customized, pre or post charge-off Digital Collections Solution focused on Customer Self-service engagement, that delivers substantial reduction in cost-to-collect while delivering 2X to 4X improvement in liquidation rates and revenue collected.

Solution Information

This is a fully managed solution from a technical delivery and maintenance standpoint, and as such there are no technology dependencies for Digital Collections customers, other than in some cases initial IT collaboration to set up API's and similar activities. Firstsource maps to existing extract processes and creates a seamless and simplified manner to share data between VISA issuers and Firstsource.

STAY AHEAD WITH FIRSTSOURCE: A PIONEER IN DIGITAL COLLECTIONS

Increase liquidation rates and revenue collected 2X-4X

Lower Cost to collect by 50%

20+ years’ experience recovering debt across the US

$4 Billion in annual inventory

1,000+ collections professionals nationwide

Data-driven approach leveraging proprietary technology

$297 Million+ active inventory per month

$21 Million+ cash collected per month

800,000+ delinquent accounts saved from write-off each month

1.2 Million+ first party customer interactions every month

Fortune 50 clients trust Firstsource to be regulation-compliant and brand ambassadors

Program