Each year, hundreds of thousands of consumers file for bankruptcy protection. Based on a series of income-to-debt calculations and ratios, they are either placed into the Chapter 7 debt discharge program, or the Chapter 13 debt repayment program, a process of repaying debt over a 3 to 5 year period to a 'trustee', who then makes payments to the debtor's creditors.

$7 billion was processed last year in the Chapter 13 program, mostly by one financial institution.  This session examines the opportunities to service the payment procesing requirements of the debtors, the creditors, the trustees and the debtors' employers, all of whom have to actively participate in initiating, transmitting, posting and processing a largely paper-based volume of monthly Chapter 13 debtor payments.

Participants in this webinar will learn:

• The growth in consumer bankruptcies - Chapter 7 and 13
• Challenges for consumer payments - supported payment methods, lack of electronic payment options
• Challenges for employers, small and large
• Opportunities for online banking integration
• Opportunities for walk-in bill payment
• NACHA and Reg E changes required
• Servicing the underbanked in a Chapter 13 program
• Current system initiatives on the horizon

Who should attend?

• Senior Management
• Operations Management
• Payments Product Management
• Marketing/Sales Management
• Product Strategies
• Third Party Processors, Financial Institutions, Payments Networks
• Associations

How does it work?

Register online using Eventbrite, our preferred registration. One day prior to each session, you will receive an email with a webinar hyperlink, dial-in instructions and information on how to download the presentation the day of the webinar. Any questions, don't hesitate to email us at news@tdgphenix.com or contact us at 615-373-5486