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Collections Industry
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| One Bad Apple Dont Spoil the Whole Bunch |
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| On Monday, July 7, insideARM reported that Nickie Bradley, the owner of a collection agency based in Florida, is facing 10 years in prison for purposely failing to remit over $100,000 that her agency, H.W. Ketchum Collection Agency, collected for Mississippi State University ("Collection Agency Owner Faces 10 Years for Stealing from Client," July 7).The firm had been in business for 27 |
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| Topic: Collections Industry |
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| Industry veterans announce formation of Delta Outsource Group, Inc. |
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| Lake St. Louis, MO: Industry veterans Jim Peacock, Jackie Warner and Nick Jarman announce the formation of Delta Outsource Group, Inc. Delta Outsource Group, Inc. provides collection and receivable management programs catering to the financial services industry. With over 50 combined years of experience in the ARM industry, each member of the team brings complementing backg |
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| Topic: Collections Industry |
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| ARM Professionals Look For Cost Containment in Health Care Reform |
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| As health care reform advances on Capitol Hill with the approval Tuesday of a Senate Finance Committee bill, account receivables management professionals are weighing in on what they would like to see happen.ACA International told insideARM that the top message it is receiving from its members is that they want lawmakers to focus on containing health care costs. But they also would like to see a s |
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| Topic: Collections Industry |
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| NY Attorney General Wins $200,000 Suit Against Debt Settlement Firm |
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| New York Attorney General Andrew Cuomo Thursday announced that his office has won a lawsuit against a national debt settlement company that bars the company from doing business in the state unless it posts a $500,000 performance bond to protect consumers. The decision also imposes fines and penalties of about $200,000 on the company.A lawsuit was filed in May alleging that Phoenix-based Nationwide |
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| Topic: Collections Industry |
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| Firstsource awarded Payment Card Industry Data Security Standards Certification |
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| MUMBAI, INDIA and NEW YORK, NY -- Firstsource Solutions, a global provider of business process outsourcing (BPO) services, today announced they have received the Payment Card Industry Data Security Standards (PCI DSS) certification. The PCI DSS is a set of comprehensive requirements for enhancing payment account data security and is intended to help organizations proactively protect customers&rsqu |
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| Topic: Collections Industry |
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| Executive Change: Payments Industry Exec Joins Online Resources |
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| Chantilly, Va.-based Online Resources Corporation (Nasdaq: ORCC), a leading provider of web-based financial services, announced that Stephen R. Winston has been named senior director of payment industry relations for the company’s eCommerce Services unit. Mr. Winston is the primary liaison between Online Resources and key industry organizations, including the payment networks. Mr. Winston |
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| Topic: Collections Industry |
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| Intrum Justitia Acquires Canadian Collection Agency |
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| A small collection agency based in New Brunswick, Canada said Monday that it has been acquired by a subsidiary of European accounts receivable management giant Intrum Justitia. It will be Intrum's first office in North America. Saint John-based Eastern Collection Services Ltd. told local paper the New Brunswick Business Journal that it had been bought out by Intrum Justitia Iceland. According to |
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| Topic: Collections Industry |
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| Velocity Reports 24% Rise in Net Income |
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| Debt buyer and legal collection firm Velocity Asset Management (AMEX: JVI) reported Friday first quarter net income of $656,716, an increase of 24 percent from $529,808 in the first quarter of 2007. Revenues were $3.8 million in the first quarter of 2008, up nearly 25 percent from $3.0 million in the same period a year ago. Wall, N.J.-based Velocity earned 2 cents a basic and diluted share, compa |
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| Topic: Collections Industry |
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