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Accounts Receivable Management

EU Late Payment Directive: Germany Inches Closer to Implementation

Reports out of Germany indicate the government may be inching closer to in-country implementation of the European Union’s Directive 2011/7/EU, the Late Payment Directive.  Germany was one of the final holdouts among the 28-member bloc and an important one, given its stature in the Union.  Still, many are skeptical that, even with the Germans on board, the Directive will be all ... Read More »

BOL Thailand 2013 Revenues Up 6.1%

Bangkok-listed business information provider, Business Online (BOL) reported revenues of US$12 million, up 6.1% year-on-year.  Net income in 2013 was US$2.8 million, representing growth of 4.1% compared with 2012. Diluted earnings per share in 2013 were Baht 0.11 (US$0.0034). Approximately 63% of BOL’s revenues were generated through its flagship online information service – amounting to US$7.8 million. This figure results ... Read More »

Equifax Acquires Software Company Inffinix

Equifax has acquired Inffinix, a Mexico City-based credit data software company. Inffinix provides collections workflow software on a licensed basis to companies throughout the Latin American region.  The software enables customers’ collection staff to efficiently process, manage and track accounts throughout the entire collections process. Today, Inffinix’s geographic footprint includes customers in Mexico, Brazil, Chile, Peru, Colombia and Costa Rica. ... Read More »

Arvato Strengthens Growth Platform eCommerce Through Acquisition of Netrada Group

International service provider Arvato acquires major parts of Hanover-based Netrada Group and combines both companies’ eCommerce businesses.  The merger turns Arvato into one of Europe’s leading service providers for integrated eCommerce services.  The combined business activities will jointly generate a turnover of over EUR 300 million; the joint number of employees will increase to over 3,000. The transaction is as ... Read More »

Bertelsmann Boosts 2013 Revenues to $22.1 Billion, Up 2%

Bertelsmann published preliminary year-end figures which show the parent company of broadcaster RTL Group and X Factor/American Idol production house FremantleMedia increased total revenues by around 2 percent to $22.1 billion (€16.4 billion) in 2013.  Operating profit (EBITDA) was up $135 million to $3.1 billion (€2.3 billion) with EBIT profits on par with 2012 figures, the company said. Bertelsmann said ... Read More »

CRIF Acquires Turkish Receivables Management Company Recom

BIIA Member CRIF has acquired a majority share in Recom, a company operating in the receivables management and collection sectors in Turkey. Established by Selim Tezel, a senior executive in the finance sector, Recom is one of Turkey’s leading players in the market. Recom, whose main activity is professional receivables management, has been helping organizations manage their receivables more efficiently ... Read More »

Equifax Acquires TDX Group

Equifax has acquired the TDX Group, UK for £200m.   TDX Group provides businesses with technology, data and advisory solutions to improve debt recovery rates and the fair treatment of consumers in financial arrears.  It was founded in 2004 and is headquartered in Nottingham, UK. TDX employs approximately 345 people globally.  TDX currently has £9.8 billion of debt under management.  TDX data, technology and ... Read More »

The Consumer Financial Protection Bureau (CFPB) Wants to Hear From Consumers on Debt Collection Practices

FICO Bankinganalyticsblog advises debt collection industry to come clean on debt collection practices.   Now is the time to share your insights with the Consumer Financial Protection Bureau (CFPB).  On November 12, the CFPB published an advance notice of proposed rulemaking (ANPR) in the Federal Register requesting information from the public on a wide range of debt collection practices and related issues. This ... Read More »

Meet our Associate Member KSV1870

    Kreditschutzverband von 1870 is Austria’s largest association for the protection of creditors and protects the interests of its approx. 22.000 members in cases of bankruptcy. KSV1870 Holding AG As internal service provider for the KSV1870 Group, all service facilities are brought together here. KSV1870 Information GmbH provides business and private information, perfectly tailored to meet your personal needs. ... Read More »

UK Collectors Dread New Regulations

A call from a debt collector can strike fear into the heart of a consumer — but what makes collectors themselves shake in their boots? These days, the answer is clear: Regulators! The latest proof of this can be found in a survey of UK collectors conducted by FICO and Market Force, to be released next month.  The early findings ... Read More »

Tinubu Square Implements Risk Management for Eurotoll

European heavy goods vehicle (HGV) tolling credit risk management is being streamlined via a new, advanced system from Tinubu Square.   The Tinubu Square has implemented at Eurotoll credit management processes that provide real-time visibility into trade credit exposure, reduced cost of credit and the number of accounts in arrears and optimized credit insurance premiums and coverage.  With the use of ... Read More »

Bűrgel Germany Bets on Growth in Credit Information

Bűrgel, a supplier of commercial and consumer credit information in Germany, bets on future growth in credit information in Germany.   Bűrgel is poised to make investments in product development and IT systems to position itself as an innovator of the industry. In an interview with the German Magazine Der CreditManager, Klaus-Jűrgen Baum stated that Bűrgel’s B2B credit information product line ... Read More »

FLOCK Launches Specialty Finance Company for Debt Buyers

Flock Advisors has raised a new round of capital with a group of institutional investors that will expand Flock’s ability to offer creative financing solutions for debt portfolio purchases, refinancing, and strategic balance sheet reengineering. As a result, Flock has launched a new company called FLOCK Specialty Finance, and will expand its staff in the months ahead. The new capital ... Read More »

Veda Australia Honored with Prestigious Australian Business Awards

Veda’s Debtor IQ (www.debtoriq.com) has been honored in the prestigious Best New Product, Best Product Innovation, and Best e-Business Product categories at The Australian Business Awards 2013. Moses Samaha, Veda’s GM of Commercial Risk says “this award provides important industry recognition of the powerful insights that Debtor IQ delivers to Veda’s customers, helping them to cut costs and reduce risk ... Read More »

Creditreform Germany Reports 1.1% Revenue Growth for 2012

Creditreform Germany reported revenue growth of 1.1% to Euro 493.6 million (vs Euro 488.2 million 2011).  Consolidated revenues (including Central and Eastern Europe) revenues grew 1.2% to Euro 550.8 million. Uwe von Padberg, President of Creditreform stated that Creditreform’s business is characteristically stable, notwithstanding the general economic volatility.  During the past 10 years its revenues have grown at a steady ... Read More »