Wixom, Mich., (February 14, 2012) – DANTOM Systems is sponsoring a free Webinar on the topic of Data Retention and Storage as part of its Leveraging Digital Technology series. While on the surface it appears to be a less than critical topic, given changing regulations and credit grantor requirements, it is a hidden compliance problem for many collection agencies.

For example, a major bank recently issued new directives requiring their agencies to retain all collection letters for seven years - and other credit grantors are expected to do the same in the near future. Minnesota’s Attorney General recently sued a collection agency, requiring it to turn over all documents used to collect debt in that state.

Simultaneously, information security requirements such as PCI DSS dictate that collection letter providers purge data much sooner than was standard practice even 18 months ago. The result is
that many organizations have a significant compliance issue that needs to be addressed.

This Webinar highlights the gap that exists at many organizations. It also outlines potential technology solutions and what questions to ask providers before making a decision.

Register online for this informative, educational Webinar on data retention compliance and technology solutions.

About DANTOM Systems

DANTOM Systems, Inc. is the premier provider of value-added business process
outsourcing solutions serving the accounts receivable management and revenue
cycle management sectors. DANTOM’s national client base of over 900
organizations includes the nation’s largest collection agencies, hospitals,
medical practices, cable companies and utilities. Established in 1997, with
headquarters in Wixom, Mich., DANTOM has significant experience in secure data
transfer, integrated data analytics, document creation and delivery, electronic
archival and online bill payment. DANTOM’s product and service offering
provides customized accounts receivable management and revenue cycle management
solutions to improve efficiency, reduce costs and increase cash flow. For more
information please visit: www.dantomsystems.com.

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