Negotiating with debt collectors is a tough pill to swallow, but especially for young adults building a nest egg and trying to establish good credit. These are especially difficult times for them considering the high cost of a college education, real estate and autos. Millennials are up to their ears in debt according to a…
DetailsInsiders know that the credit management industry is an ever-evolving and growing trade. With regulation changes, current credit market conditions and new best-practice business approaches, the International Association of Credit Portfolio Managers (IACPM) serves as an informative resource for credit portfolio managers and other industry stakeholders. The international non-profit organization serves financial businesses and institutions around the…
Details
Petaluma, California (May 4, 2017) — Optio Solutions, an accounts receivable management firm, furthered its tradition of community giving by participating in the 2017 Collectors Challenge, a month-long program launched on April 1 by ACA International to raise money for the ACA Education Foundation. Optio employees donated a total of $1455 to the Collectors Challenge…
DetailsBusinesses can pay a heavy price for in-house debt collection operations. Regardless of the success rate, internal production costs of time, labor and collections technology divert critical resources towards indebted consumers and away from revenue growth. Companies with delinquent consumer accounts that aim to funnel all resources towards profitability may benefit from the services of…
Details
The Payment Card Industry Security Standards Council was established in 2004 as an alignment of individual data security programs operated by Visa, MasterCard, American Express, Discover and JCB. The council developed the Payment Card Industry Data Security Standard (PCI DSS) to promote “cardholder data security and facilitate the broad adoption of consistent data security measures globally.”
DetailsBacked by a sharp increase in consumer confidence, the retail industry continues to see a rise in sales and retail credit cards. In Q3 2016, retail cards reached 125.3 million among United States consumers, TransUnion research reported. As retailers benefit from the revenue produced by extending credit to customers, increasing vulnerability to retail credit card…
Details