Benefits
PAYMETRIX™ AI is a proprietary asset search model used in pre- or post-litigation collection that:
- Pinpoints account-level characteristics to segment portfolios and prioritize accounts into litigation and collection treatments
- Leverages a nationwide litigation network and years of legal collection experience for industry-leading returns
PAYMETRIX solutions help answer the following questions:
- What’s the likely profitability of this suit decision?
- How can I most quickly and easily satisfy this judgment?
PAYMETRIX solutions use annually verified assets such as:
- Employment
- Property
- Bank account*
*Only available on accounts that have been awarded judgment
Features
Over 25 years of industry-leading data collection and analysis have gone into creating PAYMETRIX™ AI. The model offers the industry two distinct advantages over any other asset identification program:
Enhanced “hit” performance
Many of you have experienced the reality of “verified” hits that are anything but! “Verified” hits look great on the front end, but can be a drain on the back end if they are inaccurate because of wasted time and costs. PAYMETRIX AI takes the guesswork out of identifying payers by combining two powerful tools:
- Information available from proprietary databases
- Exclusive partnerships with vendors otherwise unavailable to our industry
Higher liquidation rates
Finding consumers who will pay through an enhanced hit process is only step one. The next step is determining how much they will pay. Through a sophisticated data science approach, we are able to deliver liquidation rates that are 2-3 times higher than those delivered through a typical asset search process.
PAYMETRIX AI is a groundbreaking process for four reasons:
1. Finds and delivers data others have been unable to locate
2. Guarantees accuracy of data across many sources
3. Transforms that data into actionable information
4. This information leads to meaningful collection results and higher yield
Clients & Testimonials
“We have recently utilized RDS to identify asset information on batches of dormant post judgment accounts. The results from our original placement have been impressive, resulting in a 300+% return on our gross spend. Equally as important, the folks at RDS are professional, compliant, analytically driven, and a pleasure to work with.”
- Todd Lansky
“We are very happy with the employment data RDS has delivered. The hit rate was higher than any employment vendor we used previously. We plan on making them a permanent part of our place of employment waterfall process.”
- Timothy F. Rooney
“Finally, an asset search product that provides the most important element: Peace of mind. When we invest in the asset search product, there is no gamble. We know we’ll recover our costs and we know the data is worth the time and effort we’ll expend to use it. We can still remember our reaction the first time we used their RDS product: Let’s use it again.”
- David Ashe