A FDCPA case involving an account number visible through the clear window of an envelope which contained a debt collection letter has been denied a petition to rehear.
The defendant Dougalss V. Convergent Outsourcing had its petition rejected by the Third Circuit Court of Appeals in the US.
Source: Inside ARM, Patrick Lunsford
The International Monetary fund has requested Greece to impose strict rules on operation of the Center for Collection of Social Security Arrears.
The IMF is not happy with the progress of the collections and have doubts about the targets set for the end of 2014.
Source: ekathimerini.com –Â Roula Salourou
Apple has begun inroads into outdated payment networks with the launch of Apple Pay. The launch is timely with consumers been hit by security breaches and are likely to adopt products like Apple Pay.
It is a similar concept to Bitcoin. Will Apple Pay kill Bitcoin?
Source : Yahoo Finance
An interesting infographic from FICO points out that technology has given debt collectors a new power, ‘the ability to communicate in a customer friendly manner to the debtor better and faster’.
Click here to view this infographic
Source : fico.com
A white paper done by SunGard’s Avantgard, a provider of statistical scoring and corporate liquidity solutions shows how statistical models can improve medical debt collections. SunGard writes that statistical modeling triggers scores that can accurately predict payers and the amount to be collected. This enables healthcare providers and medical debt collectors devise a more targeted and…
