Payscout, a Sherman Oaks, CA-based payments innovation company, has been honored as the #13 Fastest-Growing Company in LA by the Los Angeles Business Journal. This is Payscout's third-consecutive year on the list. Payscout has been among the fastest-growing, privately held companies in Los Angeles for three consecutive years. The Los Angeles Business Journal's annual fastest-growing list featured Payscout at #13 in LA for 2017. This is a remarkable achievement, not only because of the challenges associated with maintaining triple-digit percentage growth year-over-year, but also because of the setting in which it was accomplished. Los Angeles is among the most desirable and fastest-growing parts of the world for tech-based companies. Silicon Beach, the Westside region of LA that stretches from LAX to the Santa Monica Mountains, is home to over 500 tech startup companies. As a payments innovation company, Payscout's exponential growth can be attributed to five layers of innovation:
Culture: Payscout's Award-Winning Culture has been ranked #17 among Medium-Sized Businesses by Entrepreneur Magazine, and #1 among Financial Services companies.
Global/Alternative Payments: The Payscout "Go Global Now" technology platform provides one integration point for merchants to access 100+ countries, billions of consumers, and trillions of dollars.
VR/XR/New Acceptance: Payscout is the first company in the world to execute live payment transactions tied to the fulfillment of physical goods in virtual realitySecurity: Our best-in-class fraud solution, Gumshoe, is a flexible fraud and risk middleware solution that delivers comprehensive KYC and risk mitigation in a stand-alone monitoring and management tool.
Regulation: Payscout actively engages with regulatory stakeholders to drive innovative Regulatory Technology (RegTech) solutions reflected in policies, processes, and systems.
To account for changes in technology, cyber security, and legal policies, compliance in the collections space is constantly evolving. Collection agencies, like many businesses, rely on a network of technology vendors and systems providers to manage their operations.
One of the most important factors to consider when selecting a payment processor is the banks they are accredited and partnered with. Finding the right payment partner is one thing; making sure it aligns with your business risk and needs is another battle.