Executive Change: Ascend One Announces Jiunn Tan as President of DebtConnect Online

Ascend One Corporation, the leading provider of innovative technology solutions to the debt relief industry, and parent of CareOne Services, Inc., and DebtConnect, LLC announced today that Jiunn Tan has been named President of DebtConnect Online™.

Bernie Dancel, President and CEO of Ascend One made the announcement stating, “Given the recent growth of DebtConnect, we believe that to continue that trajectory DebtConnect required the capabilities demonstrated under Jiunn’s leadership as Ascend One’s Chief Information Officer. Jiunn’s relentless pursuit of innovation on behalf of the creditors and the consumer in the development of DebtConnect led to his appointment and we are very excited about the future.”

“I am very excited about the possibilities for DebtConnect and the automated settlement marketplace. I believe the future has no boundaries and we are continuing to work on innovations that will revolutionize this industry,” said Tan.

In Jiunn’s new role he will continue to lead the efforts to enhance the DebtConnect offering while also managing the sales and marketing efforts. Under Tan’s leadership, DebtConnect launched DC 2.0 on January 29th making two new solutions, EasyOffer™ and SmartOffer® available to all debt relief providers.

The DebtConnect portal allows the automated matching of consumer debt settlement opportunities, and in the process, significantly reduces costs while improving efficiencies. This fast, simple and secure technology expands the relationships between debt relief providers and creditors by automating the information sharing process, which in turn reduces the debt tracing work required to do more settlements. Both parties can then leverage the new information exchanged via DebtTracker™ to clean and keep their respective databases up to date.

EasyOffer™ provides users the technology to present, review and approve settlements online – this eliminates the need for two parties to be available at the same time for a transaction to occur thereby reducing the cost of offer presentment. SmartOffer® provides even more efficiency gains as debt relief providers can instruct the system to evaluate and present offers online for creditor approval whenever creditors provide updated information.

All three products are geared towards improving operational efficiencies for debt relief providers. DebtConnect currently has three of the largest debt relief providers on the platform making up 25% of the marketplace based on households served. Since the 4th Quarter of 2013, DebtConnect has signed on 6 more portfolios and is in the process of onboarding them while having verbal commitments from 11 additional portfolios.

DebtConnect has also increased the number of creditors on SmartOffer® by 17% and on DebtTracker™ by 18% since the beginning of the 4th Quarter of 2013. As of January 2014, 47% of the total activations are processed by EasyOffer™ or SmartOffer®. This is up from 40% since the beginning of the 4th Quarter 2013.

DebtConnect evolved from the debt settlement’s growing need for a more secure and efficient platform to connect settlement companies and creditors. It allows settlement companies and creditors to leverage the technology and scale of its portal to increase settlements and lower the cost of negotiation interactions. DebtConnect functionality is available 24 hours a day, 7 days a week.

To learn more about DebtConnect or to request a demo, contact Dennis Jordahl at 847-477-8535 (djordahl@debtconnectonline.com) or go to www.debtconnectonline.com.