DebtConnection.com 5/15/2009

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Friday, May 15, 2009

This Weeks Articles:

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ACT NOW FOR DCS2009 EARLY BIRD PRICING! ENDS TODAY
"Explore, Discover, and Connect" AND SAVE WITH EARLY BIRD SPECIAL PRICING at Debt Connection Symposium and Expo 2009 in Puerto Rico, September 15th - 17th.
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CREDIT CARD MELTDOWN HITS BANKS
Next up for ailing mega-banks: a credit card meltdown. No surprise here, really; Americans have overused credit cards for years, trusting always in unending economic expansion and plentiful employment to guarantee their ability to service consumer debt.
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SOUNDBITE COMMUNICATIONS REPORTS FIRST QUARTER 2009 FINANCIAL RESULTS
BEDFORD, Mass. SoundBite ommunications, Inc. (NASDAQ: SDBT) today announced its financial results for the first quarter of 2009. First quarter revenues were $9.4 million, a decrease of 11% from the same quarter in 2008. Loss per share was $0.07 versus a loss per share of $0.10 in the same quarter of 2008.
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TSYS TO PROVIDE TRAVEL BANK WITH JAPAN'S FIRST VISA PREPAID CARD
Columbus, Ga. and Tokyo - TSYS announced today that it would begin processing Visa-branded prepaid cards for the Japanese market in July 2009. The prepaid cards will be issued by Travel Bank Inc., a financial services company that is part of the JTB Group. Consumers can use the cards to make payments at Visa merchants when traveling overseas or to withdraw cash from Visa ATMs.
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NOBLE SYSTEMS TAKES CLIENTS ON
Atlanta, GA – Noble Systems Corporation, a global leader in innovative contact center technology solutions, hosted its 2009 Users Group Conference this week in Atlanta, Georgia. The theme of the 8th annual event was Mission: Optimization.
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TRANSUNION INTRODUCES FIRST GENERIC CREDIT SCORE TO HONDURAS
TEGUCIGALPA, Honduras, -- TransUnion announced the introduction of the first generic credit score for Honduras, helping banking and financial institutions to better evaluate the credit worthiness of Hondurans. TransUnion Score Predictivo will predict the likelihood of a consumer becoming past due (90 days or more) on one or more lines of credit, including credit cards, personal, home and auto loans within the next 12 months. This scoring model represents the second one introduced by TransUnion into countries where no generic scoring system existed. The first one was in India in November 2007.
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FORECLOSURES JUMP IN APRIL BUT REPOSSESSIONS FALL
Foreclosures in April exceeded even March's blistering pace with a record 342,000 homes receiving notices of default, auction notices or undergoing bank repossessions, according to a regular industry report.
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ATTORNEY GENERAL COOPER BACKS NEW LIMITS ON DEBT COLLECTORS
The state Senate on Tuesday tackled a loophole in consumer protection laws that left out businesses that buy bad consumer debt, then turn up the heat trying to collect.
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FTC HELPS ENTITIES THAT HAVE LOW RISK OF IDENTITY THEFT COMPLY WITH "RED FLAGS" RULE
To help entities that have a low risk of identity theft – such as businesses that know their customers personally – the Federal Trade Commission has created a template that guides such businesses and organizations in developing written identity theft prevention programs to comply with the Red Flags Rule. "Create Your Own Identity Theft Prevention Program: A Guided 4-Step Process," is available at www.ftc.gov/bcp/redflagsrule/get-started.shtm.
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VISA, MASTERCARD HAVE RAISED CREDIT CARD PROCESSING RATES
Despite a continuing recession, Visa and MasterCard increased their processing rates in April.
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SMALL BUSINESS OWNERS STILL HURTING, BUT GAINING OPTIMISM
The fundaments of their businesses are still bad, but for the first time since last year small business owners are hopeful that economic conditions will soon improve, according to a new survey by the National Federation of Independent Business.
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WELLS FARGO IS LARGEST HOME LENDER IN 1Q
Wells Fargo & Co. retained the No. 1 position as the nation's biggest home loan originator, according to MortgageDaily.com.
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EBUREAU AND CDS SOFTWARE COMBINE EFFORTS TO DELIVER POWERFUL JOINT
ST. CLOUD, Minn. eBureau, an innovative provider of predictive scoring and information solutions, today announced a new partnership with CDS Software, a provider of CollectOne, a single source debt collection solution. Under the partnership, the firms have successfully integrated eBureau's powerful eScore and eLink information services into CDS Software's widely implemented CollectOne software. This successful integration offers CDS Software's over 300 CollectOne clients, direct access to scoring and skip tracing apabilities through CDS Software's award-winning debt recovery software.
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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:

Portfolios For Sale

$92,323,668.00     Consumer Loans
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?701
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$2,300,000.00     Other
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?699
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$41,217,304.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?698
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$3,861,614.00     Commercial
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?697
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$2,510,388.00     Commercial
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?696
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

Agency

ARGUS FINANCIAL SERVICES, INC.
866-865-0311

RELIANT RECOVERIES INC
888-333-1095

Debt Buyers

APPLIED INCOME SCIENCES, LLC
Peter Bennett
415-373-6981
More Information

NAM KEE LAND AND INVESTMENT LTD.
4038633881

Risk Management/Metrics

CL VERIFY LLC
727-373-2500

Scoring/Scrubbing

CL VERIFY LLC
727-373-2500

Skip Tracing

CL VERIFY LLC
727-373-2500

Industry Events

Buyer/Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
June 11 - 12, 2009
More Information

Recovery Management Strategies & Techniques
Resouce Management Services, Inc.
Hyatt Rosemont
Chicago, IL
June 16 - 17, 2009
More Information

Debt Connection Symposium and Expo® 2009
Resouce Management Services, Inc.
El Conquistador Resort & Golden Door® Spa
El Conquistador, Puerto Rico
September 15 - 17, 2009
More Information

Recovery Management Strategies & Techniques
Resouce Management Services, Inc.
Hyatt Place Ontario Mills
Ontario, CA
October 6 - 7, 2009
More Information

Buyer/Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
October 13 - 14, 2009
More Information

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