Thu.Dec 01, 2022

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Nordis Technologies Launches Enhanced Text Messaging in Partnership with Solutions by Text

Account Recovery

CORAL SPRINGS, FLORIDA and DALLAS, TEXAS, November 30, 2022—Nordis Technologies continues to build its leadership in integrated omnichannel customer communications management and digital and print delivery with expanded text messaging capabilities through its new partnership with Solutions by Text (SBT). Nordis Technologies’ clients can now compose and send one-time and recurring, compliant text messages using the company’s patented Expresso™ CCM platform, enabled … The post Nordis

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You Got Laid Off: What to Do With Your Money

Nerd Wallet

When you’re laid off, you’re not going to be in the clearest state of mind to take care of your financial life. It can be challenging to do much of anything at first, says Pamela Capalad, a New York-based certified financial planner. “But you have to deal with the financial stuff.” To safeguard your finances, Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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FTC Sues, Obtains TRO Against Alleged Debt Relief Scam That Bilked Millions from Consumers

Account Recovery

The Federal Trade Commission has filed a lawsuit and obtained a temporary restraining order shutting down a network of eight companies engaged in a credit card debt relief scheme and the three individuals that own and operate them. The defendants are charged with violating the Telemarketing Sales Rule and unfair and deceptive acts or practices … The post FTC Sues, Obtains TRO Against Alleged Debt Relief Scam That Bilked Millions from Consumers first appeared on AccountsRecovery.net.

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Know your options: Basic debt collection tools

Collections Law

Getting payment on late debt is not always an easy task. Thankfully, businesses do not need to go through this process on their own. Business owners can work with legal counsel to help locate and collect that money. At the Law Offices of Alan M. Cohen LLC, we have nearly 50 years of combined legal experience working to help our clients get the money they are owed.

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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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Judge Grants MTD in FDCPA Case Over Creditor ID in Letter, Volume of Calls That Were Allegedly Harassing

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss, ruling that a collector saying it “was willing to accept” an amount to settle a debt is not confusing to a least sophisticated debtor regarding the identity of the creditor to whom the debt was owed, and that the plaintiff did … The post Judge Grants MTD in FDCPA Case Over Creditor ID in Letter, Volume of Calls That Were Allegedly Harassing first appeared on AccountsRecovery.net.

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Getting to Know Maria Soria of Gulf Coast Collection Bureau

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. 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. … The post Getting to Know Maria Soria of G

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4 Key Metrics for Measuring Digital Campaigns in Accounts Receivable

PDC Flow

Every debt collector knows the struggle of getting consumers to answer their phones. Digital campaigns can better engage people who want to pay without requiring them to answer a call. But you need to collect certain key metrics to know these new tactics are working. Collecting and analyzing your data will help you understand how your business is performing and forecast future engagement and revenue.

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Expert: Tech Layoffs Really Are Rising, and Here’s Why

Nerd Wallet

Layoffs are making headlines again, but they’re concentrated in just one sector: tech. And those numbers are spiking, with November’s toll three times October’s, according to Layoffs.fyi, which tracks layoffs in the tech industry. In fact, since the start of 2022, more workers in tech have been laid off than in 2020 and 2021 combined. Anna Helhoski writes for NerdWallet.

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HOW TO DETERMINE DEBT CAPACITY FOR A COMPANY

Debt RR

Most businesses will eventually need to borrow money or enter into a lease agreement. Whether it’s venture capital to get new technology off the ground or a lease for office equipment, financial transactions like these happen. There’s nothing wrong with this – it’s a standard course of business in many industries. In fact, some industries thrive on utilizing their debt efficiently to make the most of their cash flow.

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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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Holiday Survival Strategies From 5 Financial Educators

Nerd Wallet

For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his shopping list in December. “It very much eases the burden,” he says, making his December. Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com.

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50% rise in car parking fines issued

UK debt collections

Drivers across the UK have suffered from a 50% increase in the number of parking fines and tickets issued by private companies. According to new analysis of data released by the Driver and Vehicle Licensing Agency (DVLA), a record 2.7 million tickets were issued between April and June this year. This is an increase from 1.8 million in the same period in 2021.

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Discover Unveils 5% Bonus Categories for Q1 2023: Grocery Stores, Drugstores, Streaming

Nerd Wallet

For holders of eligible Discover credit cards, the start of the new year will again be a good time to stock up on groceries. From Jan. 1 to March 31, 2023, cards like the Discover it® Cash Back and the Discover it® Student Cash Back will be able to earn 5% cash back on combined. Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article Discover Unveils 5% Bonus Categories for Q1 2023: Grocery Stores, Drugstores, Streaming originally appeared on NerdWallet.

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Will Inflation Lead to More Bankruptcies?

Luftman, Heck & Associates.

Inflation is at record highs. Many are struggling to cover daily living expenses due to the current costs of gas, groceries, utilities, mortgage payments, and other regular monthly bills. One effect of inflation is an expected rise in bankruptcy filings in 2023. Although bankruptcy declarations have declined recently, credit card debt is at an all-time high as consumers struggle to absorb costs.

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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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What Are Bump-Up CDs and Step-Up CDs?

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. A fixed interest rate is a central feature of many certificates of deposit. When you open a CD at. Spencer Tierney writes for NerdWallet.

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Data-driven credit management software for customer segmentation and customer management

On Guard

Using credit management software makes it possible to bring together all customer information and generate a comprehensive customer profile. It also enables automatic profiling and segmentation. This creates a 360° view of customers, reducing risks of unpaid invoices and improving predictability of cash flow. And therefore, in the long run, customer satisfaction, or customer experience.

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Should I Refinance My Car During a Recession?

Nerd Wallet

Refinancing a car during a recession could be a good idea, but your personal situation will determine if auto refinancing makes sense for you. A recession — defined by the National Bureau of Economic Research as a significant decline in economic activity spread across the economy and lasting more than a few months — is. Shannon Bradley writes for NerdWallet.

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Bankruptcy Filings Among Crypto Exchanges: Is This a Sign of the Future?

Troutman Sanders

In this episode of The Crypto Exchange , Troutman Pepper Consumer Financial Services Partner Ethan Ostroff welcomes back Deborah Kovsky-Apap to discuss the recent FTX bankruptcy and other bankruptcy-related developments in the crypto space. Ethan and Deb dive into the recent news that has shook the entire crypto world and how this may affect the crypto landscape going forward.

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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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Flight Delay Compensation: What You Should Get If You’re Stuck

Nerd Wallet

Whether you’re on the way to the airport or have already boarded your flight, there’s never a good time to find out about flight delays or airline cancellations. While your first priority should be to figure out your backup plan, you might also be wondering if you’re entitled to any kind of compensation. Turns out. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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What Is an FSA Card, and How To Use It?

Payment Savvy

If you have or are about to receive access to your Flexible Spending Account, you may need some basic information regarding FSA debit cards and how to use them. This will help you understand the benefits and limitations of FSA funds and how you can manage them in your day-to-day life. In this article, we will explain what exactly an FSA card is, how to use it, and answer some common questions regarding this payment method.

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What Is Hawaiian Elite Status Worth?

Nerd Wallet

Airline elite status is worth more than just bragging rights. The perks — including bonus miles, checked bag waivers, entry into airport lounges and free seat upgrades — have real cash value. NerdWallet has analyzed various airlines’ elite status benefits by adding up the estimated value of these perks to determine the value of each. June Casagrande writes for NerdWallet.

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Thousands of small firms go bust owing millions in bounce back Covid loans

Collection Industry News

More than 16,000 businesses which took out a type of government-backed Covid loan have gone bust without paying the money back, the BBC has found. Hundreds of directors, who got loans they were not entitled to, have also been disqualified. The cost to the taxpayer of these insolvencies could be as much as £500m, and is likely to grow as more companies go under.

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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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Is Now the Right Time for Your Business to Buy Real Estate?

Nerd Wallet

For small businesses hoping to establish or expand their brick-and-mortar presence, it may seem like a bad time to sink cash into a commercial property purchase. Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and global conflict. Inevitably, this will.

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There are 7,060 collections agencies in the U.S.—here’s what to do you if your credit card debt is sent to one

Collection Industry News

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days. But if you’ve let it go unpaid for months, your issuer could pass it on to one of over 7,000 third-party collections agencies in the U.S.

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PRESS RELEASE: Only 5% Of Companies Receive ‘Fast Payer Award’

CICM

Only 5% of the 5,158 UK’s largest companies that report payment terms have qualified for the 2022 award from Good Business Pays. The award recognises big businesses that pay at least 95 per cent of their invoices on time and within 27 days or less, over the last 12 months. Since 2019, almost a quarter of the UK’s largest companies have stopped reporting their statutory duty to report on the payment terms. 29 th November 2022, London: Good Business Pays has revealed the 270 companies to be awarde

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How to Negotiate with Debt Collectors

Collection Industry News

Whether you owe a debt or not, getting a phone call from a debt collector is never a pleasant experience. And it’s one that may be happening more frequently in recent months. The hiatus that some states and companies put on debt collection activities at the height of the pandemic has largely ended, and debt collectors have resumed business as usual.

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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?