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Wednesday, May 28, 2008
Mid-Week News:
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.
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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

Industry Events
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 Archive 2007 20062005
At A Glance - Friday, November 14, 2008
At A Glance - Wednesday, November 12, 2008
At A Glance - Friday, November 07, 2008
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At A Glance - Friday, March 28, 2008
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At A Glance - Friday, March 14, 2008
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At A Glance - Friday, March 07, 2008
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At A Glance - Friday, February 29, 2008
At A Glance - Wednesday, February 27, 2008
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At A Glance - Friday, February 08, 2008
At A Glance - Wednesday, February 06, 2008
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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