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1 04, 2020

New Citibank COVID-19 Disposition Code

By |2020-05-11T12:22:51-04:00April 1st, 2020|Collection-Master, Partners, VT News|0 Comments

Vertican has been informed by Citibank of a new Disposition Code, 220 COVID19, which should be used for any customer who states they have incurred a hardship related to the Coronavirus pandemic. Please map your paperless code to *vX:S992 in the CMvX Matrix [4-2-1-6-6] in order to send this code to Citibank. If you have any questions or concerns, please contact Client Services.

19 03, 2020

Cap One Update

By |2020-03-25T17:27:11-04:00March 19th, 2020|Cap One, Collection-Master, DTP, VT News|0 Comments

As I am sure you already know, Vertican partnered with Capital One to bring a Collection-Master OMEGA solution to market in support of a new Capital One partner program for a March 31st release date.  I am happy to share that the development is complete and the first two firms have passed user acceptance testing (UAT).  The first firm is scheduled to convert this weekend and the second is tentatively scheduled for the following weekend. Capital One has also advised that the next tranche of firms is scheduled to begin UAT next week. Although the “in application” deployment of this solution [...]

18 03, 2020

CMvX Enhancement

By |2020-03-25T17:27:11-04:00March 18th, 2020|Collection-Master, VT News|0 Comments

CMvX has been enhanced in the current release of Collection Master 9.1D.006. Changes to Related Parties will have expanded reporting from CMvX. In-House and Beta testing has shown this programming update to have a nominal impact on the run time of the [4-2-1-V-3] export performance. No action needs to be taken on your part other than installing 9.1D.006 or higher. There is no charge for this enhancement if your firm has all the required components registered. If you have any questions, please contact Client Services.

30 01, 2020

Cap One Implementation Plan Announced

By |2020-03-25T17:27:12-04:00January 30th, 2020|Cap One, Collection-Master, DTP, VT News|0 Comments

Capital One (CapOne) plans to begin sending Omega placements to firms using Collection-Master on or after March 31st. Afterwards, CapOne will ask firms to cease sending NAN files to CapOne and begin sending Omega files. Vertican has proposed a three-step solution that will make this possible. 1) Hybrid Solution - OMEGA in/NAN out will support firms importing Omega placement from CapOne. 2) Full OMEGA Solution - OMEGA in/OMEGA out will be a fully functional Omega interface for all inbound and outbound files with CapOne through Collection-Master. 3) vExchange Solution - will be a full-featured DTP built directly to interface [...]

2 01, 2020

Collection Master: Warning Base Year Is Damaged

By |2020-03-25T17:27:12-04:00January 2nd, 2020|Collection-Master, VT News|0 Comments

Many clients have reported receiving the message "WARNING BASE YEAR IS DAMAGED!!!" when opening Collection-Master. To correct this: 1. Type GO. 2. Press [ENTER] to return to the main menu. 3. Navigate to [1-S-4-8] and change the base year to 1950. If you are unable to make this change, please reach out to support at 1.800.435.7257 or email Client Services with any additional questions.

2 12, 2019

New Feature in Collection-Master

By |2020-03-25T17:27:13-04:00December 2nd, 2019|Collection-Master, VT News|0 Comments

There is a NEW feature in Collection-Master that allows users to check for the latest version available when the program is first opened. This notification is controlled by [4-1-S-3] Policy ADM:CHK FOR UPDATES. For members in that group where the policy is set to “N”, the first person in that group to open Collection-Master each day will receive a message when there is a newer version available. For any questions on how to access this feature, please contact Client Services.

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