Wed.Jun 26, 2024

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TRAKAmerica Acquires KnovaOne

Account Recovery

Global expansion to bring innovative, efficient, and compliant solutions to clients and service providers facing cost challenges and capacity constraints. BONITA SPRINGS, Fla., June 25, 2024 — TRAKAmerica (Data Search NY Inc.) is pleased to announce the acquisition of KnovaOne, a fast-growing business process outsourcing company with demonstrated legal and accounts receivable management industry experience.

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Small Business Late Payment a growing issue for 1 in 5 SMEs

UK debt collections

New research from Premium Credit has shown that late payment issues are easing for SMEs but still remain a concern. Its Insurance Index, which monitors insurance buying and how it is financed, found one in five (20%) of firms reporting a growing problem with late payment of bills with 5% warning the issue has become much worse. That is substantially down on the 28% of firms saying late payment problems had worsened in the past 12 months which included 7% saying it had become much worse when the

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Daily Digest – June 26. Judge Awards $14k in Damages, Attorney’s Fees in FDPCA Default Judgment Over Missing Dispute Flag; AI Taught To Interpret Human Emotions in Real-Time

Account Recovery

Judge Awards $14k in Damages, Attorney’s Fees in FDPCA Default Judgment Over Missing Dispute Flag AI Taught To Interpret Human Emotions in Real-Time Court Approves $3.

Judgment 147
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Court Approves $3.65M Settlement in Convenience Fee Suit

Account Recovery

A District Court judge in Pennsylvania has approved a $3.65 million settlement in a class-action lawsuit involving convenience fees charged by a student loan servicer to consumers making payments.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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21 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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AI Taught To Interpret Human Emotions in Real-Time

Account Recovery

Finnish researchers have developed an AI model that interprets human emotions in real-time, a breakthrough that holds significant implications for professionals in the credit and collection industry, according to a published report.