Mobile tags and QR codes have gained steam recently as marketing tools for some companies. But it can also be an effective strategy in recovering debt.

According to Mike McDonnell of DANTOM Systems, collection agencies, and the companies that use them, should consider taking advantage of mobile tags, especially as consumers rely more on their smart phones.

Mobile tag barcodes would be placed in collection letters – and consumers would then scan the barcode with the camera on the smart phone, which brings up a Web site link or app download to a payment portal and debt schedule. Consumers can then pay online or contact the agency to make payment arrangements.

To learn more about choosing a reputable collection agency, read our white paper “Stop Leaving Money On The Table: Tips For Choosing and Working With A Collection Agency.”

Tags: collections