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 [...]
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 [...]
IAT announced that Recovery Services of America (RSA), a results-oriented recovery resource for debt collections, has chosen CT Center as their new Predictive Dialing solution. RSA fills a niche for being “big enough to handle any placements but small enough to care.” They are known for handling collections with compassion, and for treating all clients, [...]
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. [...]
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 [...]
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 [...]
Austin, Texas-based Gila Corp., through its business unit Municipal Services Bureau (MSB) has been chosen by the State of New Mexico to provide outsourced collection services. “We expect that MSB will help us find solutions to improve recovery rates and reduce delinquencies rates as they do for all their clients,” said Cynthia Pacheco, Director of [...]
StarTek, a business process outsourcing provider, reported fourth quarter revenues of $65.7 million, up 11 percent from the same period a year ago. Net income came in at $430,000, compared with $1.2 million in the fourth quarter of 2006 The company in the quarter opened a new office in Victoria, Texas, and announced the expansion [...]
Strong revenues from its acute care and behavioral health businesses helped UHS post solid fourth quarter profits.
Collections industry vet Greg Ousley reacts quickly to pull woman from burning house.