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Wednesday, August 27, 2008

This Weeks Articles:

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TSYS SIGNS PROCESSING AGREEMENT WITH FIRST CITIZENS
Columbus, Ga., August 26, 2008 - TSYS announced today that it has signed an agreement with First Citizens Bank to exclusively manage its commercial and consumer credit card processing needs. The multi-year agreement also includes fraud detection services, as well as card and statement production.
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INSURED BANK AND THRIFT EARNINGS FELL TO $5.0 BILLION IN THE SECOND QUARTER
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $5.0 billion in the second quarter of 2008, a decline of $31.8 billion (86.5 percent) from the $36.8 billion that the industry earned in the second quarter of 2007. With the exception of the fourth quarter of last year, the latest earnings were the lowest for the industry since the fourth quarter of 1991.
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ALLIANCE DATA SIGNS NEW LONG-TERM PRIVATE LABEL CREDIT AGREEMENT WITH ORCHARD BRANDS
DALLAS, Aug. 27 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced it has signed a new long- term agreement with Orchard Brands, a portfolio company of Golden Gate Capital, to provide fully integrated private label credit services for specialty catalog brands, Old Pueblo Traders, Bedford Fair, Willow Ridge, Lew Magram, Brownstone Studio, Intimate Appeal, Monterey Bay Clothing Company and Coward Shoes. According to public documents filed by Charming Shoppes, the women's apparel specialty catalogs generated approximately $280 million in sales in 2007.
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CITIBANK SETTLES WITH STATE, TO REPAY MILLIONS
Citibank will refund millions of dollars to credit card customers and pay $3.5 million to the state of California to settle a lawsuit that accused the company of stealing funds from some of its customers who had died, gone bankrupt or fallen behind in their payments.
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117 BANKS IN TROUBLE, FDIC SAYS
WASHINGTON - The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued.
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THERE IS STILL SPACE AVAILABLE FOR THE RECOVERY MANAGEMENT STRATEGIES AND TECHNIQUES COURSE
The leader in Agency Management auditing and consulting is now taking registrations for the October session of Recovery Management Strategies and Techniques, a two-day classroom course designed to assist Creditor and Debt Buyer Recovery Managers with fundamental and advanced strategies, plans, and tools for managing an outside vendor recovery operation.

This course will bring real-world experience and answers to the challenges that Recovery Managers face in structuring and managing the external recovery operation. Topics covered will include Agency Selection, Placement Strategies, Performance Measurements, Contracts, Work Standards, Settlements, Auditing, Compliance, and Financial Issues.

This session is scheduled for will be October 7 - 8, 2008 in Chicago, IL at the Hyatt Rosemont (O'Hare Airport).

For more information and registration information contact: infoRMST@resourcemanagement.com or call Resource Management Services, Inc. at (562)906-1101
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FISERV CBS WORLDWIDE UPGRADES CORE BANKING SYSTEM
Fiserv CBS Worldwide, a business unit of Fiserv, Inc. (NASDAQ: FISV), today announced the availability of Product Packaging in release 9.0 of its leading, SOA-based International Comprehensive Banking System (ICBS) core solution.
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BANKS NOT FEELING URGE TO MERGE
NEW YORK (CNNMoney.com) -- With all the difficulties the nation's banking system has had to endure over the past year, it's a surprise that there hasn't been more of an urge to merge.
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MORTGAGE FRAUD STILL SOARING
NEW YORK (CNNMoney.com) -- With the housing market in turmoil and lending standards tougher than ever, you'd think that the kind of unscrupulous activity that helped plunge the industry into crisis would be a thing of the past.
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THE SUNRISE FAMILY OF COMPANIES, A BUSINESS SPECIALIZING IN, COLLECTIONS, FIRST PARTY CALL CENTER, CREDIT INVESTIGATION, BILLING, RECEIVABLES MANAGEMENT AND DEBT PURCHASE WOULD LIKE TO ANNOUNCE THE HIRING OF 30 YEAR INDUSTRY EXECUTIVE MR. LARRY ALDI.
Farmingdale, NY - August 25th, 2008 - The Sunrise Family of Companies, a business specializing in, collections, first party call center, credit investigation, billing, receivables management and debt purchase would like to announce the hiring of 30 year industry executive Mr. Larry Aldi. Mr. Aldi spent 11 years with Citicorp as Vice President/Agency Manager he then moved on to Academy Collection Services for 13 years and served as there VP of Marketing. Sunrise is proud to have him on board as there new Marketing Executive.
read more

WELLS FARGO SENIOR EVP OMAN TO RETIRE BY YEAR-END '09
Wells Fargo & Company (NYSE: WFC) said Senior EVP Mark Oman, head of its Home and Consumer Finance Group and a 30-year veteran of the company, plans to retire by the end of next year. Oman's group of businesses - Wells Fargo Home Mortgage, Wells Fargo Financial, and Card Services and Consumer Lending - will remain in its current form, continue as a Group to report to Oman, and continue to be headquartered in Des Moines.
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INDIANA ATTORNEY GENERAL STEVE CARTER TAKES ACTION AGAINST
(INDIANAPOLIS, IN) - Indiana Attorney General Steve Carter has filed a lawsuit against the country's largest mortgage lender, Countrywide Home Loans, Inc., and its parent company, Countrywide Financial Corporation. Carter alleges that Countrywide engaged in deceptive and misleading practices that led to borrowers obtaining potentially risky and costly loans. The lawsuit has been filed in Steuben County Court.
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CONSUMER ALERT: NEW FEDERAL TRADE COMMISSION RULE WILL LET TELEPHONE CUSTOMERS AVOID PRERECORDED TELEMARKETING CALLS
The Federal Trade Commission (FTC) has announced a new rule governing telemarketing calls that feature prerecorded messages. Beginning Sept. 1, 2009, telemarketing companies must obtain call recipients' written permission before contacting them with a prerecorded message. More immediately, effective Dec. 1, 2008, prerecorded telephone marketing calls must have an opt-out mechanism so that recipients can elect not to receive those unsolicited calls in the future.
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LARGE CANADIAN COMPANY AWARDS CONVERGYS CONTRACT FOR RELATIONSHIP MANAGEMENT SOLUTIONS
(Cincinnati and Ottawa; August 25, 2008) - - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that a leading Canadian company with millions of customers has awarded Convergys a new three-year contract valued at $15 million for its state-of-the-art Relationship Management Solutions.
read more

COMPTROLLER SEEKS WEAKER CREDIT CARD REFORMS
In an unusual move, the Office of the Comptroller of the Currency has asked other federal regulators to scale back a proposal to crack down on unfair and deceptive credit card practices.
read more

75% OF AMERICANS HAVE NEGATIVE VIEW OF ECONOMY - POLL
Americans' opinions on the health of the economy have worsened significantly over the last year, according to the results of a CNN poll released Monday.
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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:

Brokers

CONTRAX SYSTEMS, LLC
866-507-5320

Consultants

DEBT NERDS, LLC
443-736-9059

Debt Buyers

BELTWAY CAPITAL MANAGEMENT
615-883-1792

Debt Sellers

B& L RECOVERIES LLC
410-258-2016

CONTRAX SYSTEMS, LLC
866-507-5320

Incentives/Promotions

EVENTIVE MARKETING SOLUTIONS, INC.
Eric Cross
678-460-0440
More Information

Scoring/Scrubbing

CONTRAX SYSTEMS, LLC
866-507-5320

Software

PIASA (OWNED BY CONTRAX SYSTEMS)
866-507-5320

Training

KENNETH GRAYER & ASSOCIATES
888-786-6555

Industry Events

Debt Connection Symposium & Expo 2008
Resource Management Services, Inc.
San Diego Marriott Hotel & Marina
San Diego, CA
September 3 - 5, 2008
More Information

16th Annual Southwest Bankruptcy Conference
American Bankruptcy Institute
Four Seasons Las Vegas
Las Vegas, Nevada
September 4 - 6, 2008
More Information

2008 Home Equity Lending Conference
Consumer Bankers Association
Hilton Austin
Austin, TX
September 7 - 9, 2008
More Information

Bankruptcy 2008: Views from the Bench
American Bankruptcy Institute
Georgetown University Law Center
Washington, D.C.
September 12, 2008
More Information

Buyer / Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
September 25 - 26, 2008
More Information

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At A Glance Archive 2007 20062005

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At A Glance - Friday, November 14, 2008

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At A Glance - Friday, November 07, 2008

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