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Friday, August 15, 2008

This Weeks Articles:

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FAIR ISAAC LAUNCHES FRAUD ALERT NETWORK FORUM
August 14, 2008 - (Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today introduced the Fraud Alert Network Forum, an online community in which financial professionals share tips, techniques and experiences in dealing with increasingly sophisticated fraud schemes. The new forum (www.fraudalertnetwork.com), previously known as the CardAlert Fraud Forum, originally launched in 2002.
read more

FORECLOSURES SOAR DESPITE EFFORTS TO HELP
The magnitude of home foreclosures appears to be overwhelming the efforts of lenders to help distressed borrowers keep their homes.
read more

MORGAN STANLEY TO REPURCHASE AUCTION RATE SECURITIES
Morgan Stanley announced today that it will repurchase at par auction rate securities (ARS) that are held by its retail accounts and were purchased through the Firm prior to February 13, 2008.
read more

JPMORGAN CHASE TO SETTLE WITH STATE SECURITIES REGULATORS AND OFFER TO PURCHASE CERTAIN CUSTOMERS' AUCTION RATE SECURITIES
New York, NY - August 14, 2008 - JPMorgan Chase & Co. ("JPMorgan Chase") announced today that, as part of the Firm's ongoing commitment to its customers and as part of an agreement in principle to settle investigations by the New York State Attorney General's Office and the Office of Financial Regulation of the State of Florida (on behalf of the North American Securities Administrators Association ("NASAA")), it will offer to purchase at par auction rate securities ("ARS") that are held by individual customers and certain charities and small-to-medium-sized businesses and that were purchased through the Firm prior to February 12, 2008.
read more

DEBT COLLECTOR MAY ADD 700 JOBS
Capital Management Services L. P. has established a new, independent business, Center One Capital, which is operating as a customer service center for Delaware-based MasterCard and Visa issuer Continental Finance.
read more

CENTURY BANCSHARES, WELLS FARGO ANNOUNCE DEFINITIVE AGREEMENT
Wells Fargo & Company (NYSE:WFC) and Century Bancshares, Inc. said today they have signed a definitive agreement for Wells Fargo to acquire Century Bancshares and its banking operations in Dallas- Fort Worth, and Texarkana, Texas and Arkansas in a stock-for-stock merger. As a result of the acquisition, Arkansas will become Wells Fargo's 24th community banking state.
read more

NATION'S FORECLOSURE PLAGUE WIDENS
NEW YORK (CNNMoney.com) -- The foreclosure juggernaut lurched forward in July as banks took back 77,295 homes - up 8% in a month and 183% in a year, a report issued Thursday shows.
read more

FIRST DATA REPORTS SECOND QUARTER 2008 REVENUE GROWTH OF 10%
DENVER, Aug 14, 2008 (BUSINESS WIRE) -- First Data Corp. today reported its financial results for the second quarter of 2008. Consolidated revenues were up 10% to $2.2 billion. The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7% to $653 million.
read more

D & L RECOVERY, INC. IMPLEMENTS CR SOFTWARE'S STATE OF THE ART SYSTEM
Fairfax, VA, August 13, 2008 - CR Software LLC (CRS), the leading financial software solutions provider to collections entities, announces today that it has successfully completed installation of its CRS Collection Resource System at D & L Recovery, Inc., a full range provider of accounts receivable management and customer service outsourcing solutions to clients nationwide. Headquartered in Baltimore, Maryland, D & L Recovery, Inc. specializes in commercial, bank, medical, and retail debt collection. D & L Recovery, Inc. purchased the Collection Resource System due to its state of the art software capabilities. In addition to the powerful software to run all aspects of its business.
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FAST-GROWING FAMILY BUSINESS INVESTS IN CT CENTER FOR SITEPREMISED
Fast-growing family business invests in CT Center for sitepremised dialer benefits
Salt Lake City, UT, August 13, 2008-Mid-America ACB, a fast-growing medical collections agency in Joplin, Missouri, has chosen to add IAT's site-premised predictive dialer, CT Center, to
its game plan to help make their agents more productive and maintain their competitive edge.
read more

WELLS FARGO REPORTS A POSSIBLE BREACH
Wells Fargo & Co. is notifying about 5,000 people that their personal information might have been seen by someone using a bank access code illegally. A bank spokeswoman said yesterday that MicroBilt Corp., a consumer data vendor, told Wells Fargo on July 1 that there was unusual activity on one of the bank's access codes. The activity was particularly suspicious because Wells Fargo no longer uses that particular vendor for consumer information.
read more

TRANSUNION PARTNERS WITH CAREPAYMENT® TO HELP HEALTHCARE PATIENTS PAY OFF DEBT WHILE INCREASING HOSPITAL CASH FLOW
CHICAGO and PORTLAND, Ore., Aug. 13 /PRNewswire/ -- TransUnion announced today that users of its patented Revenue Manager(SM) healthcare solution will now have the option of using CarePayment®, a program offered and managed by Aequitas Capital Management, Inc. that will be accessible through TransUnion's Revenue Manager. CarePayment improves hospital cash flow and receivable yields by providing patients with a non-discriminatory, interest-free, hospital-branded finance card for their patients.
read more

JPMORGAN RACKS UP $1.5 BILLION IN MORTGAGE LOSSES IN 3Q
NEW YORK - Two days of hopeful news for the USA's embattled financial industry evaporated Tuesday after JPMorgan Chase (JPM) announced reduced earnings for the second quarter and warned that it had already taken $1.5 billion in mortgage-related losses so far in the third quarter.
read more

COUNTRYWIDE FACES FTC PROBE OVER LOAN SERVICING
NEW YORK (Reuters) - Countrywide Financial Corp, which was the largest U.S. mortgage lender before being acquired by Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz), faces a Federal Trade Commission probe into whether its loan-servicing activities violated federal law.
read more

AUDITOR: WA SHOULD IMPROVE DEBT COLLECTION EFFORTS
OLYMPIA, Wash. -- Eight state programs could reap about $160 million by capturing just half of their outstanding debt, and government should work harder to get that money, Auditor Brian Sonntag said Tuesday.
read more

DEBT CONNECTION SYMPOSIUM & EXPO® 2008 GOLF TOURNAMENT
There is still time for DCS 2008 attendees to sign up for the Debt Connection Symposium & Expo® 2008 Golf Tournament, planned for Tuesday afternoon, September 2, 2008 at the Riverwalk Golf Club.

San Diego's most convenient and centrally located golf course, Riverwalk Golf Club in Mission Valley promises a fun day of golf. Riverwalk Golf Club offers a classic golfing experience like no other. Steeped in a rich tradition of golf legends past, Riverwalk Golf Course entertained a myriad of golf's legends while hosting the PGA tour during the 50s and 60s. This San Diego golf course, formerly known as the Stardust Country Club, has been completely redesigned by Ted Robinson Sr. and son Ted Jr., who used more than half a million cubic yards of soil to turn the formerly flat golf course into 27 holes of undulating fairways, stunning waterfalls, and well-protected bentgrass greens.

The San Diego River is a prominent feature of Riverwalk's layout, contributing to the beauty and challenge of this San Diego golf course. Water comes into play on 13 of the 27 holes with a spectacular waterfall surrounding the green of the signature hole.

The price of $160 includes Greens Fee, Golf Cart, Range Balls and Box Lunch

Sign up today to play. For more information on the Golf Tournament please go to
http://www.dcs2008.com/golf.html.
read more

JPMORGAN APPOINTED SUCCESSOR DEPOSITARY BANK FOR BARCLAYS PLC ADR PROGRAMME
London, 11 August, 2008 - JPMorgan announced today that it has been appointed as the successor depositary bank for the American Depositary Receipt programme of Barclays PLC, a major global financial services provider.
read more

NCO GROUP ANNOUNCES SECOND QUARTER 2008 RESULTS
HORSHAM, PA, August 11, 2008 - NCO Group, Inc. ("NCO" or the "Company"), a leading provider of business process outsourcing services, announced today that during the second quarter of 2008 it had revenue of $405.0 million, a net loss of $14.8 million and EBITDA of $31.8 million.
read more

THE NEXT WAVE OF MORTGAGE DEFAULTS
NEW YORK (CNNMoney.com ) -- Prime mortgages are starting to default at disturbingly high rates - a development that threatens to slow any potential housing recovery.
read more

FIRST DATA WINS NORDSTROM BUSINESS
DENVER, Aug 12, 2008 (BUSINESS WIRE) -- First Data Corp., a global technology leader in transaction processing and information commerce, announced today it has entered into a new payment processing agreement with Nordstrom fsb, a wholly owned subsidiary of Nordstrom, Inc. and a federally chartered thrift savings bank.
read more

CREDIT SQUEEZE GETTING WORSE, BANKS SAY
WASHINGTON (MarketWatch) -- The credit squeeze worsened in the past three months, the Federal Reserve reported Monday, and most banks expect to keep a lid on credit for the next year at least.
read more

ASTA FUNDING REPORTS THIRD QUARTER AND NINE MONTHS FISCAL 2008 RESULTS
ENGLEWOOD CLIFFS, N.J., Aug. 11 /PRNewswire-FirstCall/ -- Asta Funding, Inc., (Nasdaq: ASFI), a consumer receivable asset management and liquidation company, today reported results for the three and nine months ended June 30, 2008.
read more

TRANSUNION APPOINTS NEW PRESIDENT OF INTERNATIONAL DIVISION - ANDREW KNIGHT
CHICAGO, Aug. 11 /PRNewswire/ -- TransUnion today announced the appointment of Andrew Knight to president of its international operations. Knight takes the place of Ralph Sorice who retired following a 25-year career at TransUnion. Knight will report directly to Bobby Mehta, president and CEO of TransUnion.
read more

TNB CARD SERVICES BROADENS PROCESSING PARTNERSHIP
Dallas - August 11, 2008 - The benefits of instant card issuance, 24/7 member service and support, stronger fraud protection, and rewards are why East Texas Professional Credit Union is converting the processing of its more than 17,000 debit and ATM cards to TNB Card Services.
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

$442,566.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp? 581
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp? 1826

$2,193,979.00     Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp? 580
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp? 1690

$1,579,906.00     Consumer Loans, Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp? 579
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp? 1690

$5,028,523.00     Credit Cards
Pacific Healthcare Services, Inc.
http://www.debtconnection.com/portfolio.asp? 578
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp? 3122

$3,649,296.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp? 576
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp? 1826

Agency

TYMPANA LIMITED
(888) 830-5973

NIAGARA CREDIT SOLUTIONS, INC.
888-841-3131

AARGON
702-948-7420

PROFESSIONAL RECOVERY PERSONNEL
763-560-1148

NRA GROUP,LLC
800-360-9953

COOK & ASSOCIATES, LLC
601-584-6696

SOUTHERN CREDIT ADJUSTERS, INC
252-977-0125

GREENTREE ACQISITIONS LLC
425-303-2552

CABFI GROUP, INC.
787-775-8060

Debt Buyers

PROFESSIONAL RECOVERY SYSTEMS, LLC
Seth Hill
800-308- 5101
More Information

PRIDE FINANCIAL
609-954-0724

FOURSCORE RESOURCE CAPITAL, LLC
952-253-6300

Debt Sellers

PROFESSIONAL RECOVERY SYSTEMS, LLC
Seth Hill
800-308- 5101
More Information

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CBCINNOVIS
610-696-6064

Training

NEXT LEVEL
419-697-6112

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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

At A Glance - Wednesday, November 05, 2008

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At A Glance - Friday, October 24, 2008

At A Glance - Wednesday, October 22, 2008

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