Account Recovery

DECEMBER 14, 2022

If you are an agency that is still trying to figure out how to be able to accept payments via PayPal or Venmo, you are now two steps behind, because a new instant payment technology for financial institutions has expanded into the United States after a successful launch in Brazil. first appeared on AccountsRecovery.net.

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Financial Institution 246

Account Recovery

DECEMBER 9, 2022

Fewer than 60% of healthcare providers are satisfied with their current patient payment systems and 30% said their most recent implementations were not successful, according to the results of a survey by Bank of America and The Strawhecker Group.

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Healthcare Banks 246

Account Recovery

SEPTEMBER 20, 2023

Consumers in America continue to head toward a cashless — and maybe even checkless — future when it comes to making payments, according to a study released this week by a payment provider for the financial services industry.

Financial services 147

Financial services 147

Enterprise Recovery

SEPTEMBER 15, 2023

Streamlining your processes and utilizing technology helps with faster payment cycles, fewer mistakes, and improved financial forecasting. Let's start with some best practices for improving your A/R - from invoicing to payment. Did you know that by optimizing your accounts receivable workflow, your cash flow can be boosted?

Collections 212

Collections 212

Account Recovery

DECEMBER 18, 2023

Nearly nine million people who have student loans have not yet made a payment after the moratorium on student loan payments ended three months ago, according to a published report that cited information from the Education Department.

Student loans 147

Student loans Student Loans Loans Education 147

Account Recovery

JANUARY 15, 2024

Nearly 30% of consumers living in the 100 largest metropolitan areas of the United States were behind on at least one debt payment between July and September of last year, according to data released last week by LendingTree. Those debts include credit cards, auto loans, personal loans, mortgages, and student loans.

Loans 147

Loans Student loans Student Loans Personal loans 147

Account Recovery

AUGUST 1, 2023

I know, I know, you’re still trying to wrap your head around taking payments via Venmo and PayPal, but there is a new form of payment technology that is becoming more popular out there in the world, and it might represent an even bigger opportunity. Called voice-based payments, or speak and pay, the technology is […]

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Account Recovery

MARCH 21, 2022

More than 80% of consumers will abandon buying something online if the payment experience is poor, according to the results of a survey released recently by Plaid, a payments platform company.

Accounts Receivables Management 243

Accounts Receivables Management 243

Account Recovery

FEBRUARY 1, 2022

Following up on yesterday’s article about how consumer payment trends are changing and continuing to push more toward digital channels and away from checks and cash is another study that reveals that three-quarters of consumer payments will be handled by non-traditional financial services institutions by the end of this decade, up from 60% just (..)

Financial services 244

Financial services 244

Account Recovery

NOVEMBER 8, 2023

The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking that would give the Bureau the power to regulate tech companies like Apple and Google which are playing a larger role in the payments ecosystem in the United States.

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Enterprise Recovery

JULY 21, 2023

As the SaaS industry experiences exponential growth, it is not surprising that non-payment issues have become a pressing concern. Non-payment creates cash flow challenges and hampers the ability to invest in product development, customer support, and overall business growth.

Collections 193

Collections 193

Account Recovery

JANUARY 31, 2022

Nearly one-third of people plan on using checks and cash less this year than they did last year or not using them at all, according to the results of a survey conducted this month to understand consumers’ payment preferences.

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Account Recovery

NOVEMBER 14, 2022

But how is the consumer going to pay … The post How Consolidated Payment Options can Curb Consumer Complaints appeared first on AccountsRecovery.net. It improves right-party contact rates, and makes it more likely that the consumer will pay off the debt.

Collections 245

Collections 245

Account Recovery

NOVEMBER 8, 2022

The Attorney General of Massachusetts has reached a $600,00 settlement with a payment processing company that was accused of assisting a debt settlement company in engaging in unlawful business practices such as charging consumers premature and inflated fees. … The post Mass. … The post Mass.

Debt settlement 246

Debt settlement 246

Account Recovery

MARCH 6, 2024

The Consumer Financial Protection Bureau has determined that the cost of collecting on unpaid credit card debts for larger companies can be covered by charging an $8 late payment fee, but will allow those issuers to charge more if they are willing to show why their collection costs are higher than that threshold. The move […]

Credit Card Debt 130

Credit Card Debt Collections 130

Account Recovery

SEPTEMBER 13, 2022

Call … The post Agency Sued for Withdrawing Payment Nine Days Early appeared first on AccountsRecovery.net. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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Account Recovery

NOVEMBER 23, 2022

The Biden Administration yesterday announced it was extending the moratorium on student loan payments until 60 days after litigation surrounding the plan to forgive up to $20,000 in unpaid student loans is resolved.

Student loans 243

Student loans Student Loans Government Loans 243

Account Recovery

JANUARY 9, 2024

Individuals with student loans who have started making payments again are facing a number of hurdles, such as waiting on hold for as long as 70 minutes to speak to a representative and receiving billing statements that are untimely and inaccurate, according to a report released last week by the Consumer Financial Protection Bureau.

Student loans 130

Student loans Student Loans Loans 130

Account Recovery

AUGUST 25, 2022

Surprising nobody yesterday, President Biden announced that the federal government will forgive up to $10,000 in student loan debt for anyone making less than $125,000 per year and up to $20,000 for anyone with a Pell grant, while also extending the moratorium on making student loan payments through the end of the year.

Student loans 246

Student loans Student Loans Loans Government 246

Account Recovery

NOVEMBER 29, 2022

A company that is offering consumers credit in the form of zero-interest, fee-free payments on their medical debts has raised $220 million to expand its operations and grow its business faster. The post Healthcare Fintech Raises $220M To Offer Zero-Interest Payment Plans to Consumers appeared first on AccountsRecovery.net.

Healthcare 238

Healthcare Consumer Credit 238

Account Recovery

JUNE 19, 2023

If you have listened to any of my webinars that talk about technology, the future of collections, payment portals, physics, or family relationships, you will have no doubt heard the word “friction” used. In many of these instances, friction is a bad thing.

Collections 130

Collections 130

Account Recovery

OCTOBER 25, 2023

Perhaps not necessarily a surprise to anyone, consumers with lower incomes are falling increasingly behind on their finances while continuing to spend beyond their means and reporting higher debt payments every month, while higher-income earners are concentrating their finances on paying down high-interest debts like credit cards, according to a report (..)

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Sawin & Shea

APRIL 24, 2024

Which ones will not get the payment they’re owed? When payments are made to some creditors over others, they can be considered preferential payments according to bankruptcy laws. The preferential payment rule exists to protect creditors, ensuring that they get what they’re owed in the event of bankruptcy.

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Bankruptcy Unsecured Creditor Debtor Creditors 52

Account Recovery

JULY 11, 2023

The payments landscape has been changing for a number of years now as people move away from cash and checks and move towards cards and apps. But it’s important to see that fintech companies are even winning the checking account war with banks, which underscores just how important it is for companies in the accounts […]

Banks 100

Banks 100

Enterprise Recovery

AUGUST 20, 2021

With a little examination of your payment process, you might be able to determine the problem with those slow or late payments. If B2B payments are too hard to collect, ask yourself these questions. It should be a straightforward process - you do the work or supply the goods and they pay their bills.

Collections 246

Collections 246

Account Recovery

DECEMBER 12, 2022

But even I had to look up what proptech was when I read this article, and after reading … The post Acquisition of Proptech Firm Shows Commitment to Offering Consumers Flexible Payment Options first appeared on AccountsRecovery.net.

Acquisition 246

Acquisition 246

Account Recovery

OCTOBER 6, 2022

A nonprofit healthcare system that is being sued by the Attorney General of Washington and which was the subject of a profile in The New York Times for the “pressure” it put on patients to pay their debts has announced it is going to refund payments made by more than 700 low-income patients who were … The post Hospital Sued for ‘Aggressive’ (..)

Healthcare 246

Healthcare Collections 246

Account Recovery

AUGUST 10, 2022

Ogden, UT – Payment communication software company PDCflow and call center software company PIMSWARE have teamed up to deliver secure capture payment technology.

Collections 189

Collections 189

Account Recovery

APRIL 6, 2022

The White House is expected to announce as soon as today that it will once again extend the moratorium on student loan payments, this time pushing the deadline out another four months to August 31.

Student loans 242

Student loans Student Loans Loans Government 242

Account Recovery

APRIL 5, 2022

PDCflow and Debtmaster360 have partnered to provide secure digital payment communication options to accounts receivable management companies. Now, users can send secure email and text payment requests and esignature with consumers in minutes – all within the Debtmaster360 platform. “We

Accounts Receivables Management 244

Accounts Receivables Management 244

Account Recovery

APRIL 23, 2024

Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking QR Codes Called ‘The Driving Force’ Behind Faster Payments N.Y.

Collections 147

Collections 147

Account Recovery

JULY 1, 2022

” A … The post Groups Call on Biden to Extend Student Loan Payment Pause appeared first on AccountsRecovery.net.

Student loans 244

Student loans Student Loans Loans 244

Enterprise Recovery

FEBRUARY 18, 2022

If your company wants to improve its first-party collections, here are expert tips to collect past-due customer payments. We also educate on the best practices required to collect those debts before turning to a professional debt collections company.

Collections 218

Collections Collection Agencies Collections Agency Education 218

Account Recovery

OCTOBER 19, 2021

A Florida man is facing 20 years in prison after pleading guilty to conspiracy to commit wire fraud in connection to a $150 million payment processing scheme that included facilitating payments for debt collectors.

Debt collector 246

Debt collector 246

Account Recovery

OCTOBER 22, 2021

Well, the new Director of the Consumer Financial Protection Bureau, who has been in office for all … The post CFPB Launches Investigation into How Tech ‘Giants’ Use Payment Info appeared first on AccountsRecovery.net.

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