GCS Partners Greg Cohen and Albert Knowles have been elected to the 2015 IACC (International Association of Commercial Collections) Board of Directors. IACC is made up of commercial collection agencies, associate, law list and affiliate members. IACC serves members in the US and 25 other countries. Members of IACC recover millions of dollars annually for their…
The percentage of Americans having at least one account in a third party debt collection system has fallen to a post-financial crisis low in the fourth quarter of 2014.
The average balance of accounts in collection has also fallen for a second straight quarter.
Source: Inside Arm, Patrick Lunsford
Coming to terms that your business has grown beyond the functionality offered by Quickbooks, you will need a better way to consolidate financial reports and ability to format reports to meet business requirements.
Source: Business 2 Community, Marie Alonso
South Africa has a spending culture with low savings levels, which is evident in many segments of the population. With a low growth rate and a tough economic environment in South Africa, consumers have turned to accessible unsecured credit facilities. Data analytics can be used to predict the best possible date to collect debts from…
After completing a $75 million funding round, Bitcoin payment firm Coinbase has revealed it will open the first Bitcoin exchange in the United States.
The company has regulatory approval in half of the states already for this purpose.
Coinbase already offers exchange services in 19 countries.
Source: Tech Crunch, Jon Russell
British businesses are being hampered by late payments, where 60% of firms are having to wait for 60 days or more for payments. According to research done by Sage, 457 small businesses in the UK expressed that late payment had improved only marginally compared to 12 months ago. However it shows the continuous failure in…
A State Duma lawmaker and member of the ruling party in Russia has submitted a bill in parliament to introduce a temporary ban on the collection of mortgage debts in foreign currency. This bill has been drafted to prevent mass default of individual clients and public tension, protection of consumer rights and prevent the real…
