PR – BankAtlantic Renews Credit Card Agreement with Barclaycard

Barclaycard US announced that BankAtlantic, one of the largest financial institutions headquartered in Florida, has extended its co-branded credit card agreement with Barclaycard. As part of the agent bank agreement, Barclaycard US will continue to provide BankAtlantic customers with a broad range of consumer, small business and student credit cards — branded under the BankAtlantic […]

PR – Resurgent Capital to Use Online Resources’ Web Collections Program

Online Resources Corporation (Nasdaq: ORCC), a leading provider of Web-based financial services, announced that Resurgent Capital Services, L.P. (“Resurgent”) has signed a multi-year agreement for its integrated suite of online collections and payment processing services.  Resurgent Capital is one of the largest managers of domestic and international consumer debt in the U.S. Resurgent will utilize […]

PR – SoundBite Communications Acquires Mobile Collect

Bedford, Mass.–based SoundBite Communications, Inc. (Nasdaq: SDBT), a leading provider of on-demand customer contact solutions, announced that it has acquired essentially all of the assets of Mobile Collect, Inc. in an all cash transaction of approximately $500,000 plus additional contingent consideration of up to $2 million based upon a certain percent of text messaging revenue.  […]

Builder Toll Bros. Profits Plummet and Other Financially Challenged U.S. Companies for Feb. 29

The items below are taken from the Credit Manager’s Weekly Summary of Financially Challenged Companies. A full issue contains information on more than 200 companies. Please visit the insideARM bookstore for information on subscribing to the Summary. Economic News According to the S&P/Case-Shiller home-price index, home sale values dropped 8.9% in the fourth quarter, the […]

TeleTech?s Overseas Operations Generate Revenue Growth

Business process outsource firm TeleTech Holdings Inc. (Nasdaq: TTEC) reported this week fourth quarter revenues of $373 million, up from $336.7 million a year ago. Full year revenue was nearly $1.4 billion, up 13 percent from 2006.  Englewood, Colo.-based TeleTech generated $153 million, or 41 percent, of its fourth quarter revenues from services performed for […]