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Wednesday, February 25, 2009
Mid-Week Articles:
FTC OBTAINS COURT ORDER HALTING INTERNET PAYDAY LENDERS WHO FAILED TO DISCLOSE KEY LOAN TERMS AND USED ABUSIVE AND DECEPTIVE COLLECTION TACTICS
In a case filed by the Federal Trade Commission and the State of Nevada, a federal court has ordered a halt to certain practices by seven U.S.-based companies and an individual operating as part of an international Internet payday lending operation.
read more

LIVEVOX DATA REVEALS AGENCIES NEED TO IMPLEMENT RIGHT-PARTY SCRIPTING TO AVOID WASTING LABOR COSTS
Right-Party Connect data shows agencies require added line capacity to reach debtors
read more

NCO GROUP, INC. NAMED TO "TRAINING TOP 125"
HORSHAM, PA, - NCO Group, Inc. is pleased to announce that its Corporate Training and Development team, NCO University (NCOU), has been named to the Training Top 125, a prestigious annual ranking of organizations worldwide that excel at human capital development, as determined by "Training" magazine. NCO was one of 28 newcomers to this year's list.
read more

EBUREAU PARTNERS WITH DEBT COMPANY
Local risk-management business eBureau on Tuesday announced a new partnership with a debt collection software company.
read more

TELECOM INDUSTRY MAY SEE OVER $12 MILLION IN FINES
The FCC has proposed more than $12 million in fines for the telecommunications industry, after hundreds of carriers failed to certify that they are instituting proper protections of customer data.
read more

STARBUCKS SUED AFTER LAPTOP DATA BREACH
A Starbucks employee has filed a class-action lawsuit against the company following an October laptop theft and data breach
read more

BEYOND HEARTLAND: ANOTHER PAYMENTS PROCESSOR LINKED TO DATA BREACH
In addition to the well-publicized Heartland Payment Systems (HPY) data breach, an additional payment processor appears to have been hacked, affecting an unknown number of banking institutions, consumers and cards.
read more

CREDIT-CARD LOSS, DISCOUNTS CUT TARGET PROFIT BY 41%
NEW YORK (MarketWatch) -- Hurt by a loss in its credit-card business, discounts to draw thrifty consumers and by perceptions that its products cost more, Target Corp. said Tuesday that fourth-quarter profit tumbled 41%.
read more

EBUREAU AND ROYDAN PARTNER TO DELIVER ADVANCED SCORING SOLUTIONS
Innovative provider of information solutions offers ROYDAN customers powerful predictive scoring and skip tracing services
read more

AMERICAN EXPRESS TO PAY SOME U.S. CUSTOMERS TO CLOSE ACCOUNTS
American Express is paying some U.S. cardholders $300 to close their accounts as the company grapples with reduced spending by consumers and increased delinquency rates.
read more

SOUNDBITE COMMUNICATIONS AND INTELLIGENT BANKING SOLUTIONS PARTNER TO IMPROVE COLLECTION RESULTS FOR FINANCIAL SERVICES PROVIDERS
NEW LONDON, NH and BEDFORD, Mass. - Intelligent Banking Solutions, Inc. (IBS) and SoundBite Communications, Inc. (NASDAQ: SDBT) today announced a business partnership that enables community banks and credit unions to utilize proactive customer communications to reach consumers faster and collect more debt in a shorter amount of time.
read more

WASHINGTON AG SUES ALLEGEDLY PROFANE COLLECTION AGENCY
OLYMPIA, Wash. (Legal Newsline)-Washington Attorney General Rob McKenna is suing a collection agency his office claims insulted and harassed consumers.
read more

DISCOVER® SMALL BUSINESS WATCHSM: ECONOMIC CONFIDENCE REMAINS FLAT AMONG SMALL BUSINESS OWNERS; LITTLE RELIEF EXPECTED FROM STIMULUS PACKAGE
RIVERWOODS, Ill.--(BUSINESS WIRE)--Feb. 23, 2009-- Economic confidence among the nation's 22 million small business owners remained flat in February, gaining only a half-point over the previous month in the latest Discover® Small Business WatchSM. The monthly index rose to 71.9 in February from 71.4 in January.
read more

CONTROVERSIAL DATA-SECURITY RULES SLOW TO TAKE HOLD IN MASSACHUSETTS
New regulations on storing personal data have businesses up in arms - and not just in Massachusetts. But the state keeps delaying its compliance deadline.
read more

FAIR ISAAC AWARDED EIGHT NEW PATENTS
Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, today announced that it was awarded eight new patents in the last four months for inventions in fraud detection, search technology, rules management and bioanalytics.
read more

BUYER / SELLER 101 APRIL 22 - 23, 2009 CHICAGO CLASS HAS SEATS AVAILABLE
The Debt Marketplace, Inc. is committed to providing comprehensive industry resources for maximizing returns and controlling risk and announces that seats are still aveailable for its Buyer / Seller 101 course in Chicago, IL.
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
$2,787,122.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?671  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$17,000,000.00     Judgments
K2 Acquisitions, LLC
http://www.debtconnection.com/portfolio.asp?670  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?366  

Agency
BAYSIDE ASSET MANAGEMENT, LLC.
480-593-8744

PBC
720-200-0326

ATIPSHOP.COM INC
613-293-4029

Attorney
UNDERWOOD LAW FIRM (SERVICING MO & IL)
Gary R. Underwood
314-621-4940
More Information

Contact Solutions/Dialers
NATIONAL CREDITORS CONNECTION, INC.
800-300-0743

Debt Buyers
BAYSIDE ASSET MANAGEMENT, LLC.
480-593-8744

REPUBLIC FINANCIAL GROUP,LLC
810-599-5147

REGIONS FNC
214-741-2660

CONDOR STRATEGY CORP
954-540-6692

Software
SENTINEL DEVELOPMENT SOLUTIONS (ECOLLECTIONS)
Jeff Mains
877-395-8976
More Information

Industry Events

Technology & Security Conference
NAFCU: National Association of Federal Credit Unions
Planet Hollywood Resort & Casino
Las Vegas, NV
February 25 - 28, 2009
More Information

2009 PREPAID CARD EXPO
Prepaid Card Expo
Orlando World Center Marriott
Orlando, FL
March 9 - 11, 2009
More Information

2009 Community Reinvestment Act Conference
Consumer Bankers Association
Omni Shoreham
Washington, DC
March 9 - 11, 2009
More Information
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