Although potential applications are virtually unlimited, the primary function of DSI is to electronically store the relevant debtor information of those debtors currently participating in debt settlement or management programs or have any history of participation in either program. By comparing creditors’ unpaid balances against the DSI database, potential settlement opportunities are electronically identified. This immediate identification eliminates the time and expense of manual reviews and ensures that no settlement opportunity will be missed.
The DSI database will also be of significant benefit in the following areas:
- Analyzing debt portfolios
- Maximizing recoveries
- Modeling purchases
- Decreasing recovery times
- Developing segment strategies
- Facilitating account segmentation
- Assigning placement life cycles
- Increasing net backs
- Determining contingency rates
- Determining portfolio values
In today’s society, data security is paramount. Identity theft is on the rise, and litigation penalties for the failure to safeguard debtor information can be considerable. Consequently, DSI has structured its repository for the debtor records of more than 1,000 debt management and settlement companies to the highest industry standards including location behind a firewall that has no internet exposure, hosting on Amazon AWS infrastructure that is configured to and meets SAS70, ISO 27001 and PCI DSS Level 1 certifications and the redundant storage of all data in multiple physical locations.
Further safeguards include the encryption of all sensitive data (SSN and account numbers) prior to storage, the transmission of all data to and from the data base with 256-bit SSL protection and the systemic restriction to never display a complete SSN to any user.
These many benefits are at hand. DSI represents the technological means to manage your portfolios with an unparalleled degree of safety, accuracy, efficiency and effectiveness.
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