JPMORGAN, FIRST DATA DISSOLVING PAYMENTECH VENTURE JPMorgan Chase and First Data have agreed to end their global payments and merchant acquiring joint venture, Chase Paymentech Solutions, by the end of 2008. read more
DISNEY, CHASE RENEW MULTI-YEAR CREDIT CARD AGREEMENT, TO CONTINUE TRADITION OF REWARDS MAGIC BURBANK, Calif. & WILMINGTON, Del. - Disney Credit Card Services, Inc., a wholly owned subsidiary of The Walt Disney Company (NYSE:DIS) and Chase Card Services, a division of JPMorgan Chase & Co. (NYSE:JPM), will continue their successful card alliance, renewing their co-brand card agreement for the Disney Rewards(R) Visa(R) Card from Chase. read more
S&P PICKS AND PANS: FORD, UAL, US AIRWAYS, BEAR STEARNS, U.S. CELLULAR, COCA-COLA ENTERPRISES In another sign of pressure on the domestic auto industry, Ford plans to cut about 10%-12% of its salaried employees, according to an unconfirmed report in the Detroit News. Unlike recent worker reductions in order to expedite the savings, this appears likely involuntary. read more
REGIONAL BANK STOCKS TUMBLE AFTER KEYCORP. FORECASTS HIGHER CHARGE-OFFS IN 2008 NEW YORK (Thomson Financial) - Shares of regional banks dropped sharply Wednesday after KeyCorp. raised its full-year estimate for loan charge-offs, reigniting fears of more credit losses in the banking industry. read more
FTC PERMANENTLY HALTS 'PRETEXTING' SCHEME; DEFENDANTS BARRED FROM OBTAINING OR SELLING CONSUMERS' PHONE RECORDS TO THIRD PARTIES The Federal Trade Commission has put a permanent halt to an operation that allegedly obtained consumers' confidential phone records without their knowledge or consent and sold them to third parties. read more
MEDICAL GROUP TO REFUND $70K A Germantown clinic has agreed to refund patients $40 each as part of a settlement reached with the Maryland Attorney General's Office, which accused the practice of charging an illegal fee. read more
JUDGE RULES AGAINST DELL IN FRAUD SUIT A New York judge says Dell Inc. falsely advertised its promotional credit financing and warranty terms to customers. State Supreme Court Justice Joseph Teresi ruled Tuesday that Dell (NYSE: DELL) and an affiliate engaged in fraud, false advertising, deceptive business practices and abusive debt collection. read more
FTC WRAPS UP LARGEST FRAUD CRACKDOWN IN ITS HISTORY May 26, 2008 In the largest telemarketing fraud crackdown in history, authorities in the United States and Canada filed more than 180 criminal and civil actions against companies that allegedly used deceptive tactics to sell everything from extended car warranties to magazine subscriptions. read more
SUBPRIME CRISIS COULD STILL GET WORSE: HSBC CHIEF EXECUTIVE HONG KONG (AFP) - The chief executive of Europe's biggest bank said in Hong Kong on Tuesday that the industry's difficulties with products linked to subprime mortgages may not be over. read more
CREDIT AGENCIES BEING INVESTIGATED OVER PRACTICES America's three main credit rating agencies are being looked in to by the US Securities & Exchange Commission. read more
INDYMAC SHARES FALL AS ANALYST CUTS ESTIMATES NEW YORK - Shares of IndyMac Bancorp Inc. fell Tuesday morning as an analyst cut his earnings estimates and price target on the mortgage lender. read more
PAYPAL ADDS DELTA AIR LINES TO LIST OF MERCHANTS SAN JOSE, Calif. - PayPal has added Delta Air Lines (NYSE:DAL) to its long list of merchants that accept PayPal payments for online sales. read more
MYECHECK PARTNERS WITH EVERPAY MERCHANT SERVICES SACRAMENTO, CA, a leading provider of comprehensive alternative payment solutions to credit cards for internet, intranet, mobile commerce and brick & mortar platforms, today announced an agreement with Everpay Merchant Services allowing Everpay customers to accept MyECheck as a form of online payment. read more
SCOTIABANK TEAMS WITH BERKELEY PAYMENT SOLUTIONS TO LAUNCH VISA PRE-PAID CARD Hugely popular in the United States, prepaid Visa card payment solutions benefit companies seeking proven cost-effective payment solutions that extend their company's brand and resonate with employees, customers, and partners. read more
DEBT COLLECTION GETS A POLITE INDIAN TOUCH Americans are used to receiving calls from India for insurance claims and credit card sales. But debt collection represents a growing business for outsourcing companies, especially as the U.S. economy slows and its consumers struggle to pay for their purchases. read more
MRS ANNOUNCES NEW PROBATE MANAGER Nationwide Outsourcing Company Hires Christie Nicholson to Head Its Probate Division read more
BILL ME LATER PONDERS STOCK OFFERING Bill Me Later Inc. plans to add as many as 250 local workers and is also growing nationally as it moves toward a public offering with the financial backing of undisclosed local partners, its CEO said. read more
| DebtConnection.com is a searchable database of collection products and services. The following Updates and New Entries occured since the last At A Glance was sent: | | | Portfolios For Sale | $260,000.00 Consumer Loans International Credit Services, LLC http://www.debtconnection.com/portfolio.asp?558 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2773
$1,900,000.00 Credit Cards International Credit Services, LLC http://www.debtconnection.com/portfolio.asp?557 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2773
$8,600,000.00 Credit Cards International Credit Services, LLC http://www.debtconnection.com/portfolio.asp?556 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2773
$468,900.00 Credit Cards International Credit Services, LLC http://www.debtconnection.com/portfolio.asp?555 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2773
$3,073,947.00 Credit Cards International Credit Services, LLC http://www.debtconnection.com/portfolio.asp?554 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2773
$12,975,869.00 Credit Cards International Credit Services, LLC http://www.debtconnection.com/portfolio.asp?553 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2773
$8,473,836.00 Auto Deficiencies MATTIA & ASSOCIATES http://www.debtconnection.com/portfolio.asp?552 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?2999
$2,119,554.00 Credit Cards Argonaut Financial, LLC http://www.debtconnection.com/portfolio.asp?551 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?1826
$1,818,974.00 Credit Cards Argonaut Financial, LLC http://www.debtconnection.com/portfolio.asp?550 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?1826
$2,608,684.00 Credit Cards Argonaut Financial, LLC http://www.debtconnection.com/portfolio.asp?549 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?1826
| | Agency | NETQUEST RECOVERY SERVICES, INC. Randy Wade 877-300-9297 More Information
| | Debt Buyers | PARK FINANCE 469-484-5802
| | Legal Networks/Services | WINDSOR GROUP 469-484-5802
SEARCH-NET MANAGEMENT 212-447-5913
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Industry Events
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National Automotive Finance Assoc. Annual Non-Prime Auto Lending Conference
NAF Association
Renaissance Worthington Hotel
Fort Worth, Texas
June 4 - 6, 2008
More Information
2008 Collections Conference
Consumer Bankers Association
Hyatt Regency at Gainey Ranch
Scottsdale, AZ
June 4 - 6, 2008
More Information
Buyer / Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
June 5 - 6, 2008
More Information
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| At A Glance - Friday, March 14, 2008 |
| At A Glance - Wednesday, March 12, 2008 |
| At A Glance - Friday, March 07, 2008 |
| At A Glance - Wednesday, March 05, 2008 |
| At A Glance - Friday, February 29, 2008 |
| At A Glance - Wednesday, February 27, 2008 |
| At A Glance - Friday, February 22, 2008 |
| At A Glance - Wednesday, February 20, 2008 |
| At A Glance - Friday, February 15, 2008 |
| At A Glance - Wednesday, February 13, 2008 |
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| At A Glance - Wednesday, January 30, 2008 |
| At A Glance - Friday, January 25, 2008 |
| At A Glance - Tuesday, January 22, 2008 |
| At A Glance - Friday, January 18, 2008 |
| At A Glance - Wednesday, January 16, 2008 |
| At A Glance - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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