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Accounts Receivable Management

Creditsafe Launches Debt Chaser and Debt Collection

Recovering debts made easy Creditsafe, the business intelligence experts, has announced that it has included two useful services for subscribers to its online platform: Debt Chaser and Debt Collection. It has developed the services in response to customer demand for additional services that can be used as part of the overall customer credit and debt management process. Creditsafe Debt Chaser ... Read More »

TransUnion Partners with Global Debt Registry

TransUnion Partners with Global Debt Registry to Offer Registry Services for Debt Buyers and Financial Institutions TransUnion and Global Debt Registry (GDR), the pioneer and leader in debt information access and validation, today announced a collaboration to market GDR debt registry services for debt buyers, collectors and financial institutions. GDR’s debt registry offering enables debt owners to accelerate collections through streamlined access ... Read More »

Cerved Group and Creval in Strategic Alliance

Credito Valtellinese S.c. (“Creval”) and Cerved Information Solutions S.p.A. (“Cerved Group”; MTA: CERV), parent holding company of the largest credit information player in Italy, via its subsidiary Cerved Credit Management Group S.r.l. (“CCMG”), have signed an agreement for the development of a long term industrial partnership for the management of non-performing loans (NPLs). CCMG has 670 dedicated employees is the ... Read More »

Payment Systems:  Creditreform Introduces CrefoPay

Creditreform Germany introduced its new payment system CrefoPay at the recent CeBIT* Convention and Exhibit Center in Hannover.  In making this announcement, Creditreform President Christian Wolfram stated: “CrefoPay is a complete solution for payment processing in online trading.  More and more consumers take advantage of shopping on the Internet – mobile generated sales in 2014 has risen 42% alone in ... Read More »

CRIF Research on Debt Collection Practices

New CRIF Decision Solutions’ research on debt collection analyzes key challenges and future market perspectives. Since the outbreak of the 2008 financial crisis, debt collection management has become one of the most pressing topics for financial as well as non-financial companies. While drivers vary, from worsening credit conditions resulting in a decrease in overall collection percentages and an increase of ... Read More »

Credit Reference Center of the People’s Banks of China in MOU with Commercial Bank of China

On October 11, 2014 a Memorandum of Business Cooperation on the Account Receivables Financing Service Platform (“Memorandum”)  was signed between the CCRC and Industrial and Commercial Bank of China (“ICBC”). The ceremony was attended by Pan Gongsheng, Deputy Governor of the PBC, and Yi Huiman, President of ICBC. The agreement was signed by Wang Xiaoming, Head of the CCRC and ... Read More »

Cortera: Caine&Weiner Joins ‘Open Receivables’ Partner Network

Caine & Weiner Commercial Receivables Management Solutions Are Now Available Through Cortera Pulse Cortera® has welcomed Caine & Weiner, a leading commercial receivables management company, to the list of Cortera Open Receivables™ partners.  As a network partner, Caine & Weiner can now offer a co-branded version of the Cortera Pulse® monitoring tool to their customers, with a click-to-place feature that automates the placement process of ... Read More »

RiskMa Argentina Launches New Services

In April we wrote about a RiskMa Argentina, a new startup in credit information.  The company appears to be progressing notwithstanding current precarious credit conditions in Argentina.  Recently the company announced the launch of new services: Business Credit Reports:  From the United States of America, Latin America and the Caribbean.  RiskMa work with affiliates and partners throughout America to deliver ... Read More »

Cortera Partners with Mountain States Commercial Credit Management

Cortera Inc., a provider of business-to-business analytics and cloud-based risk management solutions, has welcomed Mountain States Commercial Credit Management (“Mountain States”), a leading commercial collection agency, as the latest partner to join the Cortera Open Receivables™ network. The new Cortera Open Receivables network enables providers of receivables management solutions to easily integrate with Cortera Pulse® and streamline the user experience of mutual customers. Source: ... Read More »

UK Banks Accused of Misleading Debt Collection Practices

Right on the heels of the Wonga scandal UK banks will face an investigation about sending letters which appear to be from independent lawyers or bailiffs coercing  them to pay off their debts. Three of Britain’s biggest banks – Royal Bank of Scotland, Lloyds and HSBC – have regularly sent customers letters on paper headed with the names of law ... Read More »

Cortera Partners with Andersen, Randall & Richards’ Debt Recovery Services

Cortera has welcomed Andersen, Randall & Richards, a leading commercial collection agency, as the newest partner to join the Cortera Open Receivables™ network. The new Cortera Open Receivables network enables providers of receivables management solutions to easily integrate with Cortera Pulse® and streamline the user experience of mutual customers. Source:  Cortera Press Release Read More »

FICO Upgrades Debt Manager 9.5

Helps Debt Collectors Improve Performance While Complying with Latest Regulations FICO (NYSE:FICO), a leading predictive analytics and decision management software company announced the general availability of FICO® Debt Manager™ solution 9.5, with a host of new features designed to help collectors improve productivity while ensuring they are compliant with new regulations. The solution enables collections groups to reduce operating costs, achieve score-driven increases in amounts ... Read More »

The Wonga Debt Collection Scandal Part II

The UK Law Society, which represents solicitors in England and Wales, called for an investigation by the Met Police for “dishonest activity” in sending letters from fake lawyers. The Society said the payday lender’s actions could have amounted to blackmail and deception. The City of London Police have confirmed they will re-consider opening a criminal investigation into Wonga.  Previously they ... Read More »

Cortera Announces Launch of New Receivables Management Tool, Cortera Open Receivables

Cortera, Inc. announced the launch of its new Cortera Open Receivables™ platform, which extends the Cortera Pulse® service by allowing partners to integrate functionality beyond Cortera’s core accounts receivable monitoring features.  New and existing Cortera Pulse® customers will now have the opportunity to access solutions from their debt recovery, credit insurance, lending and other partners from within the Cortera Pulse® application. Companies that rely upon invoicing ... Read More »

Business Online Thailand Revenues Up 28% in Q1

Bangkok-based business information provider, Business Online (BOL), reported revenues of US$3.3 million, up 28% year-on-year.  BOL’s net income in the quarter was US$535,000, an increase of 20% compared to the same period last year. The company attributed the growth to higher revenue from some projects. Earnings per share in the period were Baht 0.02. More than half of BOL’s revenues ... Read More »