Sat.Jun 12, 2021 - Fri.Jun 18, 2021

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Effective debt collections acknowledges unique consumer challenges

American Profit Recovery

A common misconception is that the consumer believes that the creditor and/or the collection agency is expecting payment in full immediately. Instead, we try to work with the consumer to get a better understanding of their financial situation, and then work out a payment plan that they can meet successfully.

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What Is the TRUST Act?

Credit Corp

In fact, less than half of the respondents to a recent Quinnipiac poll thought they’d receive a Social Security benefits payment upon retirement. If the TRUST Act isn’t made law and no alternative policies emerge, Social Security retirement recipients could see payments cut by 27% as soon as funds run out.

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How the Job Market Is Affecting Client Invoice Payments

Enterprise Recovery

Here's how the job market is affecting client invoice payments. According to a recent report , 42% of small business owners were unable to fill job openings and 91% were unable to find qualified applicants. These challenges are also affecting the work that's getting done within businesses too.

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Payment Apps 101: Is PayPal Safe?

Credit Corp

It first launched in 1998 as Confinity and allowed people to send payments via email as early as 1999. By 2000, PayPal allowed people to make payments to eBay sellers and had around a million users. PayPal offers a lot of features, including invoicing, lines of credit and loans, and automatic payments. How Does PayPal Work?

Banks 97
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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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Payment Apps 101: Is Cash App Safe?

Credit Corp

Cash App is an extremely popular—and safe—peer-to-peer payment app. We’ll unpack the perks of Cash App in this article, and then we’ll compare it to other payment options. It’s Square’s peer-to-peer payment app—and it’s doing very well in the marketplace. Cash App payments are instant, so recipients receive funds in seconds.

Banks 69
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Payment Methods and Fraud: Are Too Many Schemes a Bad Thing?

Fico Collections

This led me recently to a ‘once in a blue moon’ purchase – England shirts for myself and the family – and I was frankly shocked to see the number of payment mechanisms and BNPL (Buy Now Pay Later) schemes offered. This led me to the following question – is the profusion of payment mechanisms a good thing for a customer?

Retail 52
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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST