Accounts Recovery's Blog – September 2009 Archive (23)

Network Banks on Non-Savvy Financial Females for Ratings

A new reality series is kicking off tonight centered on better financing. Specifically, females buried under debt will undergo financial boot camps on Bank of Mom and Dad, with their parents serving as drill sergeants.



From the website:



Each week, one twenty-something woman who is drowning in debt must pay the ultimate price: having her parents move in. With the assistance of… Continue

Added by Accounts Recovery on September 30, 2009 at 1:30pm — No Comments

NY AG Files Criminal Charges Against 12 Collectors

New York Attorney General Andrew M. Cuomo today announced he filed criminal charges against 12 employees of several Buffalo-area debt collection companies. The employees allegedly posed as law enforcement officials and threatened to have consumers thrown in jail unless they immediately paid off the debts that they supposedly owed.



The individuals charged were:



Tina Almond, 30, of Marsdale Road, Cheektowaga

Marcus Brown, 32, of Hoyt Street, Buffalo

Andrew Brzyski,… Continue

Added by Accounts Recovery on September 30, 2009 at 10:30am — 2 Comments

eBureau Scores $10m

Risk-management company eBureau just got some love, securing $10 million in venture capital from Tenaya Capital, Redpoint Ventures and Split Rock Partners.



For eBureau, this means expanded sales and marketing activities, and further product innovation, according to Gordy Meyer, president and chief executive of eBureau.



“Our investment demonstrates confidence in eBureau’s management team, the direction the company is taking and the opportunity at hand,” said Ben Boyer,… Continue

Added by Accounts Recovery on September 30, 2009 at 10:00am — No Comments

Wells Fargo Expands Mobile Payment Services

Wells Fargo & Company is zooming even more on mobile payments by announcing today that its customers can transfer cash to one another using the Wells Fargo Retail Mobile Banking service.



There are a couple of stipulations, however.



The transaction must first start online, not from a mobile phone. To begin, customers must log-on to their online banking account, and add the account number of whom they wish to… Continue

Added by Accounts Recovery on September 24, 2009 at 12:30pm — No Comments

Final Agenda Set for 2010 CTS

The final agenda has been set for the 2010 Collection Technology Summit.



The agenda includes sessions on disaster recovery, compliance, IT security, and a roundtable of CMS vendors. Additionally, dozens of vendors will demo their products during Technology Spotlights.



The agenda was developed through an interactive process that originated on CollectionTechnology.net and included… Continue

Added by Accounts Recovery on September 24, 2009 at 11:00am — 5 Comments

Startup Tells Users What Businesses Will Pay Up

Learn your recession lesson: Credit scores don’t always live up to expectations.



Enter Cortera Credit Exchange, a new startup that wants to tell its users the likelihood of a business paying the tab by blending credit report data with user generated payment experience reviews and ratings from companies’ business partners. Data comes from credit exchanges, public records, company-published records, financial documents, manual… Continue

Added by Accounts Recovery on September 23, 2009 at 3:00pm — 1 Comment

Tech Tidbit: The Power of Scoring

I had an interesting conversation with Brian Riley, a senior analyst at TowerGroup, the other day about security broadly, PCI DSS specifically, and what collection agencies should focus on even more specifically.



For Riley, scoring accounts well is one of the most critical strategies, which means paying attention to the recession's trajectory.



"It's kind of counterintuitive," Riley says. "Some of the older accounts may be more collectible now."



This is because… Continue

Added by Accounts Recovery on September 23, 2009 at 12:00pm — No Comments

Columbia Ultimate to Partner with CBCInnovis

Finding debtors is the name of the debt collection game.



And to try to further help its users do just that, Columbia Ultimate is teaming up with risk management services provider CBCInnovis to integrate its skiptracing solution.



“Integrating our collection software with CBCInnovis’ RPC skiptracing solution enables our clients to find the freshest… Continue

Added by Accounts Recovery on September 22, 2009 at 4:30pm — No Comments

On the Move - Week of 9/21

- Carolyn Y. Sauls has joined RMI Consulting, LLC as manager of recovery services. Sauls has held various collections and supervisory positions for more than 20 years at NCO.



- Ed Broyles has been named managing director for North America at Adeptra. Broyles has more than 30 years experience working at large companies throughout the banking and credit industries.





To include personnel changes to "On the Move," email… Continue

Added by Accounts Recovery on September 22, 2009 at 10:00am — No Comments

On Demo: Tool Tackles Doc Management

Document management is one of those tasks that seem simple enough, but the reality of such organization is usually annoyance. Not everyone is a former library page after all, and those docs pile up like mad, especially in certain industries like collections.



To help simplify the process without converting one’s personality, Automated Collection Control, Inc. rolled out… Continue

Added by Accounts Recovery on September 22, 2009 at 9:00am — 1 Comment

Yahoo to Rebrand

Yahoo wants to be an online contender. And is striving to do just that by launching a new marketing campaign, which will include a new tagline: “It’s You!" according to The Wall Street Journal.



Jessica E. Vascellaro writes:



"The global campaign is focused on personalization and how Yahoo can help people navigate all their services and information online, according to… Continue

Added by Accounts Recovery on September 21, 2009 at 9:30am — No Comments

The Impact of Financial Regulatory Restructuring on Small Businesses and Community Lenders

News from the House Committee on Small Business





WASHINGTON, DC - On Wednesday, September 23, 2009, at 1:00 p.m., the House Committee on Small Business will hold a hearing entitled, "The Impact of Financial Regulatory Restructuring on Small Businesses and Community Lenders."



The Committee will hear testimony regarding how changes to the financial regulatory system could affect entrepreneurs and smaller lenders.



WHAT: Hearing - "The Impact of… Continue

Added by Accounts Recovery on September 17, 2009 at 2:26pm — No Comments

Worthy Read: Tips on Making Conferences Worth Attending

Party like a rock star is one way to get your money's worth at any and all conferences.



So suggest Neil Patel, in a interesting blog for conference rookies that describes how to get your money's worth.



Patel writes:



"The biggest value of a conference is the after parties. This is where you’ll get all the good information and learn the most. When… Continue

Added by Accounts Recovery on September 17, 2009 at 2:00pm — No Comments

Government Unveils Apps.gov

If the government is even endorsing certain cloud computing apps for its federal agencies, you know such tools have become more than simply mainstream.



Apps.gov is a new website, compliments of the federal government, that heralds approved cloud computing applications. This includes business apps, cloud IT services, productivity apps and social media apps. This launch stems from cost reduction… Continue

Added by Accounts Recovery on September 17, 2009 at 9:30am — 4 Comments

On the Move -- Week of 9/14

- Account Control Technology, Inc. announced the addition of Aaron Petrusch to ACT's Sales Team. Petrusch will be responsible for developing and maintaining partnerships with the higher education institutions in the North-Central region.



- Scott DeWitt joined Van Ru Credit Corporation as Director of Student Loans. DeWitt brings more than 23 years collection experience to Van Ru, holding various positions at companies like SallieMae Corp., and its… Continue

Added by Accounts Recovery on September 15, 2009 at 5:00pm — No Comments

Voice Chat Coming to Facebook

Facebook will soon be offering voice chat, compliments of Vivox, a company that already delivers voice chat to over eleven million users in 182 countries for various games.



Daniel Terdiman, a blogger at CNET News, reports that this tool will let Facebook users chat it up with their friends list, once they’ve downloaded a plug-in. But, that's not where… Continue

Added by Accounts Recovery on September 15, 2009 at 9:30am — 1 Comment

Partnership Helps Collectors Scrub Cell Phone Numbers

TLC might want no scrubs, but collectors certainly do want them. At least when it comes to scrubbing out their debtors’ cell phone numbers. To help them do just this, communications provider IAT teamed up with PossibleNOW, a source of internet-based privacy management tools.



“PossibleNOW is the first cell phone scrubbing service that we have felt confident enough… Continue

Added by Accounts Recovery on September 14, 2009 at 3:30pm — 1 Comment

Noble Systems Acquires TouchStar Assets

Contact center technology provider Noble Systems Corp. today announced it has acquired assets from TouchStar Software Corp., including the brand and all of its intellectual property.



Noble will commandeer the TouchStar office in Denver, revealed the release, which also noted Noble "will bring on board key staff from TouchStar's development and service delivery… Continue

Added by Accounts Recovery on September 8, 2009 at 4:30pm — 3 Comments

On the Move - Week of 9/7

- Communication solutions provider IAT announced the repositioning of certain personnel. Randall Cooper now serves as President and CEO; David Rudd assumed the position of Senior Vice President/Finance & Administration; Jeryl Smith serves as Director of Operations; and Ray Fowler assumed the role of Director of Sales & Marketing.



- Stirling Capital Management LLC announced that Holly Balchan joined the company as a business… Continue

Added by Accounts Recovery on September 8, 2009 at 12:00pm — No Comments

Tech Tidbits

Even on the precipice of a holiday weekend, vendors are rocking out an array of enhancements to their products and forming new partnerships. Below are highlights of some of the announcements populating my inbox over the last few days.



The Western Union Company

Western Union completed its acquisition of Custom House, a business-to-business payments provider that specializes in cross-border payment… Continue

Added by Accounts Recovery on September 2, 2009 at 11:30am — No Comments

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