Late Fee Commissions?

This is an interesting FinTech company. Does anyone know if I am correct in thinking one of the revenue streams they generate is in the form of late fee solutions? We all hate those dogged late fees but as an automated revenue stream, wow! There's nothing to sell to the end user, just to the big client who is financially motivated to jump on board and who then hits up the end user with a fee of which IODN get a percentage. That is my take on it. I'd love to hear what others think.


Key benefits of the IODM platform:

Provides a platform for businesses to more effectively manage debtors;
Provides a new compliance standard and discipline to the management of debtors;
Commoditises an existing process generating a quantifiable business outcome and improved velocity to cash flow;
Is currently generating a revenue stream for certified partners;
Compliant for rollout in the UK, USA and Europe;
Controls all the parameters of the debtor management cycle;
Interfaces with all popular accounting packages;
Sits on various distribution platforms.