Tue.Aug 30, 2022

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Finvi Partners with Prodigal to Deliver Conversation Intelligence to ARM and Healthcare RCM Industries

Account Recovery

MOUNTAIN VIEW, Calif., Aug. 29, 2022 /PRNewswire/ — Prodigal, a pioneer in Consumer Finance Intelligence, and Finvi, a premier provider of workflow and payments solutions that streamline and accelerate revenue recovery in the accounts receivable management (ARM), healthcare, and government markets, today announced their partnership. The newly forged partnership couples Finvi’s workflow and intelligence solutions with the … The post Finvi Partners with Prodigal to Deliver Conver

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40% Say Their Financial Health Is Worse Now Than Pre-Pandemic

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Between a continuing global pandemic and the highest annual inflation in four decades, many Americans’ finances have suffered.

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Collector Sued for Not Identifying Current Creditor in MVN

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Collector Sued for Not Identifying Current Creditor in MVN appeared first on AccountsRecovery.net.

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Medigap Plan G vs. Plan N: Which Is Best?

Nerd Wallet

Medigap Plan G is the most comprehensive Medicare Supplement Insurance plan that’s available for purchase by all Medicare members. Medigap Plan N covers a bit less, but its premiums are lower, too. Premiums aren’t the only cost you’ll need to consider, though. Medigap Plan N requires copays for certain office and emergency visits, so whether. Alex Rosenberg writes for NerdWallet.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Rising Utility Debts Causing More Problems for Consumers

Account Recovery

Companies in the accounts receivable management industry that collect on unpaid utility debts should be preparing for a “tsunami of shutoffs” and those that do not collect this type of debt may want to consider doing so, following a series of published reports that spotlight just how many people are behind on their payments and … The post Rising Utility Debts Causing More Problems for Consumers appeared first on AccountsRecovery.net.

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The Difficult Choices People are Making Because of Higher Healthcare Costs

Account Recovery

The high cost of healthcare has a lot of Americans making difficult choices, and many are choosing to cut back on driving, eating, and keeping their lights on to cover their medical debts, according to the results of a nationwide poll. Nearly 100 million Americans — 38% of all adults — have either delayed or … The post The Difficult Choices People are Making Because of Higher Healthcare Costs appeared first on AccountsRecovery.net.

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Why One Teacher Changed Careers and Gave Up Loan Forgiveness

Nerd Wallet

During my first class of the day, I asked a question to my students, or rather to their avatars on the screen of our online classroom. I waited for an answer but received silence. As none of my students turned on their cameras, I couldn’t know why I didn’t get a response, but some were. Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com.

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Daily Digest – August 30. Judge Grants MTD in FDCPA Case; Rising Utility Debts Causing More Problems for Consumers

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER NOTICE SENT TO REPRESENTED PLAINTIFF The plaintiff did not sufficiently allege that the collection agency knew that the plaintiff was represented by an attorney, the judge ruled. This was the second time that the judge had dismissed the complaint, after giving the plaintiff the opportunity to amend his … The post Daily Digest – August 30.

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High-Value AmEx Card Offers for Travelers

Nerd Wallet

American Express has lots of great travel-related cards with partnerships, including Delta Air Lines, Hilton and Marriott, among others. But, if you’re looking for primary American Express-branded cards that can elevate the travel experience, there are two worthy contenders. Among the many American Express travel card offers, these carry substantially different annual fees, and the.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Judge Grants MTD in FDCPA Case Over Notice Sent to Represented Plaintiff

Account Recovery

Given a second chance to do more than just allege that a collection agency should have known that he was represented by an attorney, a plaintiff’s amended complaint has fallen just as short as the original one, and a District Court judge in New York has granted the defendant’s motion to dismiss, ruling that there … The post Judge Grants MTD in FDCPA Case Over Notice Sent to Represented Plaintiff appeared first on AccountsRecovery.net.

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How Uplift Buy Now, Pay Later Works for Travel 

Nerd Wallet

Many travelers want to book vacations, but with inflation and surging demand affecting the price of airline tickets, rental cars and other household expenses, sometimes they simply don’t have the money. Instead of carrying a balance on high-interest rate credit cards, some are turning to buy now, pay later options like Uplift to finance their. Lee Huffman writes for NerdWallet.

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Everything You Need to Know About Time-Barred Debts

Direct Recovery

Time-barred debts are one of the most misunderstood aspects of the entire debt collection industry, but the basic information that explains them and how they work is relatively straightforward. The key to understanding any time-barred debt situation is to know and understand the rules at play before making any decisions or payments. What is a Time-Barred Debt?

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Recession vs. Depression: How Do These Economic Terms Compare?

Nerd Wallet

Recessions and depressions are similar in that they both signal a downturn in the economy. But depressions are far less common and indicate a more severe, widespread impact. Recession definition Compared with depressions, recessions are easier to define. In fact, a nonprofit organization called the National Bureau of Economic Research, or NBER, continually tracks business.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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Whitepaper | Payment methods in 2022

On Guard

Paying and getting paid in B2B – this is how we do it! Cash flows (incoming and outgoing) are a key factor in your organisation’s health. Continuously negative cash flows ultimately lead to unwanted payment problems. That makes it vital to maintain a healthy cash flow. When your customers pay you on time, you can also pay your suppliers on time.

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What to Do When Southwest Delays Your Flight

Nerd Wallet

It’s no secret that flight delays have been on the rise lately as more travelers are eager to get away. These unexpected flight delays can be stressful and can negatively impact your vacation. If you’re flying with Southwest Airlines soon, you may wonder what to expect if delays occur. Southwest Airlines flight delays can and. Natasha Gabrielle writes for NerdWallet.

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Court Denies Motion to Dismiss FDCPA Suit Based on Pleadings Statements of a Previous Lawsuit

Troutman Sanders

In Louis v. Deshmukh , Civil Action No. 21-19902 (D.N.J. July 27, 2022), the District of New Jersey denied a motion to dismiss a putative class action, asserting claims under the Fair Debt Collections Practices Act (FDCPA) based on statements made in the pleadings in an earlier state court litigation. Plaintiff Cathelene Louis incurred a debt to a dentist, which was referred for collections to defendant Amit Deshmukh, doing business as Desh Law LLC (Desh Law).

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How Much Does Car Detailing Cost?

Nerd Wallet

On average, a car detail can range from $50 to $300, depending on the services you choose. By researching the types of services you need, you’ll find a detailer who fits your budget. Detailing is simply maintenance for your car’s features that you touch and see every day — and it’s part of the total. Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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The Power of Optimization: Solving a Dire Water Access Problem

Fico Collections

Home. Blog. FICO. The Power of Optimization: Solving a Dire Water Access Problem. The SEIO-BBVA prize for best applied contribution in operations research goes to a team including FICO’s Selene Silvestri. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Oliver Bastert. Vice President, Product Management. expand_less Back To Top. Tue, 08/30/2022 - 09:30.

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What Are Articles of Incorporation and How to File Them

Nerd Wallet

As an aspiring entrepreneur, you might have a lot of plans about starting a business. But officially launching your business requires more than just a great idea. To create a new corporation, you’ll need to file articles of incorporation. Articles of incorporation, also known as certificate of incorporation or corporate charter, are a legal document.

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Are Your Invoices Delaying Customer Payments?

AGA

From The Virtual Credit Manager. The Importance of Timely, Complete and Accurate Invoices. While it is true that accurate invoices are sometimes lost or paid slowly, a major cause of delinquent receivables is failing to meet the customer’s invoicing requirements. Government agencies, big box retailers or other large customers often have invoicing requirements that may differ from the industry norm.

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Walmart Seeks To Dismiss Lawsuit By FTC Over Money Transfers

Collection Industry News

The Associated Press, August 29, 2022. NEW YORK (AP) — Walmart filed a motion on Monday to dismiss a lawsuit by the Federal Trade Commission in June that accused the nation’s largest retailer of allowing its money transfer services to be used by scam artists, calling it an “egregious instance of agency overreach.”. In its lawsuit, the FTC alleged that for years, Walmart failed to properly secure the money transfer services offered at its stores, stealing “hundreds of millions of dollars” from cu

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Corporate Profit Margins Widen Despite Inflation

NACM

U.S. corporate profit margins grew in Q2 to the widest in 72 years, according to Wells Fargo. They found that nominal profits for GDP rose 6.1% (not annualized) during the quarter on a pre-tax basis, "the fastest pace in a year." Not only that, the $175 billion gain in profits in Q2, "lifted overall corporate profits to a record $3.0 trillion."Furt.

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80% of Financial Advisors Say U.S. Recession Is Coming

Collection Industry News

Susannah Snider, CFP®, August 29, 2022. When it comes to the question of whether Americans are in a recession –or headed for one in the near future – financial advisors are pessimistic. In a survey of close to 300 financial advisors who participate on SmartAsset’s SmartAdvisor matching platform, 80% of respondents said that Americans are already in a recession or would enter one in the next 12 months.

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TV production sector sees sharp rise in Business Insolvency

UK debt collections

Companies involved in the TV production sector has seen a sharp rise. UK film and TV production company insolvencies have jumped 69% in the past year, from 67 to 113 according to new research from Mazars. The research found that many of those insolvencies were of financially weaker production companies that missed out on last year’s UK film & TV industry boom as they couldn’t recruit staff.

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Florida TCPA Action Survives Motion To Dismiss

Collection Industry News

David O. Klein, 29 August 2022. In a recent Florida putative class action, Pariseau v. Built USA, LLC, plaintiff alleged that defendant violated the Telephone Consumer Protection Act(“TCPA”) as well as the Florida Telephone Solicitation Act (“FTSA”), by sending unsolicited text messages advertising a sweepstakes contest. Here, plaintiff claimed “never [to have] invited or consented to the text message” and had also registered the cell phone number in question with the National Do-Not-Call Regist

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?