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Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. Today, BPO typically refers to the outsourcing of “back office” functions such as software or systems coding, billing, payment processing, debt collection, customer relationship management, technical support, and even accounting or finance functions.

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Executive Change: Collection Agency MRS BPO Adds Chris Repholz as COO

MRS BPO, LLC, an industry leader in financial services, healthcare, cable, utilities and telecommunications debt recovery is happy to announce the addition of Chris Repholz as the company’s new Chief Operating Officer. Chris brings with him over 20 years of call center and collections experience, specializing in credit card, telecom, and mortgage debt collections.

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NCO Parent Company Selling Transworld Systems, Divesting Third-Party Collection Unit

Expert Global Solutions (EGS), a global leader in the Business Process Outsourcing (BPO) industry and parent company of ARM giant NCO Group, announced Monday that it has entered into an agreement to sell certain segments of its ARM business to private equity firm Platinum Equity. Financial terms of the pending transaction were not disclosed.