Apollo Enterprise Solutions Surpasses $1 Million-a-Day in Online Collections

Apollo Enterprise Solutions LLC, the leading provider of web-based payment and collection technology, announced today that it has surpassed the transaction processing benchmark of over one million dollars daily in online collections for its clients through the Apollo Intelligent Debt Solutions™ (IDS) system.

Michael Walker, Apollo’s Chief Operating Officer, commented, “This significant daily milestone demonstrates that debtors are ready, willing and able to pay or settle their debts online through a secure web channel, especially if they are provided payment offers and options that are uniquely matched to their current ability to pay. We are extremely pleased with the results of our enterprise deployments and the ability to handle our clients’ needs. We have reached our daily $1 Million target early—our goal was to achieve this daily volume for our clients by December 31, 2006.”

The Apollo IDS system’s hosted application is the first of its kind and has been recognized by the collections industry as one of the most promising and efficient new technologies. By integrating historical account and payment information, real-time credit bureau data, and collection rules and guidelines to optimize self-service payment options, Apollo has transformed the way the industry thinks about the role of technology in collections and recovery. Apollo’s current roster of clients includes credit card issuers and finance companies as well as debt buyers and collection agencies.

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