Collections & Credit Risk

Technology

• Vendor News: Persolvo Reaches Several Milestones

  Collections & Credit Risk | February 2, 2012

  Persolvo Data Systems, a provider of Web-based settlement software and analytics designed to locate, identify and settle accounts enrolled in debt settlement programs, announced Wednesday that it reached several milestones in 2011.

• Prepaid Phone Card Marketers Agree To $2.32M Settlement

  Collections & Credit Risk | February 2, 2012

  An operation that marketed prepaid calling cards to immigrants will pay $2.32 million as part of a settlement to resolve charges that they made false claims to consumers about the number of minutes of talk time the calling cards would deliver.

• Billing Scheme Operators Settle FTC Charges For Nearly $10M

  Collections & Credit Risk | February 1, 2012

  The FTC has stopped an operation targeting payday loan seekers that charged for worthless programs without consumers' consent.

• Banks to Use Social Media Data For Loans And Pricing

  Collections & Credit Risk | January 27, 2012

  There are plenty of reasons to call MovenBank Corp. Ltd. a bank of the future. Perhaps most intriguing, it will use social media information to inform its credit decisions.

• Voice Biometrics Poised For A Bigger Role In Fraud Prevention

  Collections & Credit Risk | January 27, 2012

  Voice biometrics has had its share of starts and stops as a fraud-prevention and personal authentication tool in the past decade.

• Online Fraud Costs Rose In 2011, Visa Unit Says

  Collections & Credit Risk | January 25, 2012

  The dollar volume of online fraud rose last year, but actual incidents of fraud dropped, according to a report released Jan. 24 by CyberSource Corp., a unit of Visa Inc.