Payscout has been ranked #38 on the Los Angeles Business Journal's 2017 list of Largest Minority-Owned Companies in LA. The Los Angeles Business Journal published their 2017 list of the 100 Largest Minority-Owned Businesses in LA this week. "Largest" is determined by revenue (2016), but the list also denotes the growth percentage of each company. Remarkably, among the 100 largest minority-owned companies in LA for 2017, Payscout posted the fourth highest growth rate from 2015-2016. That incredible pace of growth is central to the Vision of Payscout, which is to become the thought-leading and fastest-growing global payment processing provider in the world. Companies must be at least 50% minority owned in order to qualify for consideration on the LABJ's list. Payscout, which is co-owned by Cleveland Brown and Manpreet Singh, is 100% minority owned.
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.