Sat.Oct 30, 2021 - Fri.Nov 05, 2021

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Survey shows true cost of Businesses chasing late payments

UK debt collections

A shocking survey has revealed that 32% of businesses are spending up to 75% on late payment issues. Shockingly almost a quarter spent even more time chasing late payments at 76%+. It was also a similar scenario in Banking and Finance as 48% spent more than half of their time chasing late payments.

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3 Payment Trends to Watch

Payment Savvy

Payment trends are a powerful signal of how businesses and consumers respond to fundamental global changes in technology, demographics, policy, and the economy. Payments have become not only digitalized but global on scales we’ve never seen before. As we wrap up 2021, here are three payment trends to watch: AI.

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What are Preferential Payments in Bankruptcy?

Sawin & Shea

These payments made to some creditors over others can be considered preferential payments in bankruptcy cases. Bankruptcy Code on Preferential Payments. The code more specifically defines preferential payments to a non-insider as: payments made to a single creditor on a debt that existed prior to the time the payment was made.

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What are Preferential Payments in Bankruptcy?

Sawin & Shea

These payments made to some creditors over others can be considered preferential payments in bankruptcy cases. Bankruptcy Code on Preferential Payments. The code more specifically defines preferential payments to a non-insider as: payments made to a single creditor on a debt that existed prior to the time the payment was made.

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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 Links: How They Work, Who Offers Them

Nerd Wallet

A payment link is essentially a URL or QR code that takes customers to a stand-alone web page that can be created in a few minutes. The article Payment Links: How They Work, Who Offers Them originally appeared on NerdWallet. The article Payment Links: How They Work, Who Offers Them originally appeared on NerdWallet.

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Getting to Know Chris Dunkum of First Collection Services

Account Recovery

Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms.

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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