TITLE

E-Payments Can Boost Debt Collectors' Cash Flows

AUTHOR(S)
Noser, Brett
PUB. DATE
December 2003
SOURCE
Bank Technology News;Dec2003, Vol. 16 Issue 12, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Delves into the need for debt-collection departments in U.S. companies to improve ways in expediting receivables and maintaining consistent cash flow in its operations. Percentage of delinquencies and overall household debt in the U.S., according to the American Banking Association and the U.S. Federal Reserve, respectively; Strategy of collecting due payments through an electronic payment option; Benefits of using efficient electronic-payment options.
ACCESSION #
11690580

 

Related Articles

  • Recent measures won't help those on the wrong end of a bad debt. King, Des // Packaging News;Oct2009, p16 

    In this article the author discusses the ill effects of bad debts by businesses in Great Britain. He considers the late payment for bad debts as disastrous for a company. He notes that bad debts results to another bad debts on the other end. Furthermore, he also states his disagreement on the...

  • DON'T GET BURNT BY BAD DEBT. Harris, Davis // Commercial Motor;4/6/2006, Vol. 203 Issue 5172, p52 

    This article provides information on how companies can avoid bad debts. After facing a single bad debt in 2003 and dropped its bad-debt insurance, Aberdeen, Scotland-based ARR Craib Transport now performs its own credit checks using a credit check agency. The company has also cut down to three...

  • Ruling sends warning to business owners. Charles, Rob // Inside Tucson Business;8/19/2002, Vol. 12 Issue 21, p5 

    Discusses Arizona Court of Appeals' decision concerning the collection of debt from the owners of dissolved business enterprises. Personal liability of business owners to creditors; Provisions of the Uniform Fraudulent Transfer Act; Protection of creditors.

  • IMC/CMRC Quarterly Review.  // Credit Management;Nov2002, p12 

    Cites a study by the Credit Management Research Center that fewer businesses are blaming their own systems or using disputes and queries as reasons for late payment of debts. Survey of over a thousand businesses from a range of sectors and company sizes; Percentage of companies using various...

  • Who's doing what in court? Sutcliffe, Jeremy // Credit Management;Nov2002, p39 

    Presents a statistical analysis of trends in the modification of legal procedures for commercial debt. Need for improving the enforcement system; Reduction of County Court warrants in the year 2000; Effect of the reduction on the County Court enforcement.

  • Would you credit IT? Sweet, Pat // Accountancy;Feb2000, Vol. 125 Issue 1278, p39 

    Unfortunately, 1999 saw the highest increase for five years in Small and Medium-sized Enterprise failures. Fortunately, online information services and credit management software combined can help reduce problems of bad debt and impaired cash flow that are frequently to blame. Over the past few...

  • An ever-stronger influence. Ebling, Paul // Accountancy;Feb2000, Vol. 125 Issue 1278, p81 

    The influence of Statement of Principles (SOP) provided by the Accounting Standards Board of England (ASB) over accounting practice is likely to grow in coming years. For example, now that the importance of the definitions of assets and liabilities has been established, through the work of ASB...

  • The global debt problem--a reality? Goddard, Michael // Credit Management;Oct2001, p32 

    Examines impact of increasing global debt on the credit manager. Reasons for the increase in corporate debt; Creation of new channels of credit supply; Phenomenon of debt deflation.

  • Looking Again At Whether Or Not To Sell Off Your Discharged Debt. Slater, Phillip // Credit Union Journal;5/29/2006, Vol. 10 Issue 21, p6 

    The article discuses the benefits brought by selling charged-off debt for credit unions in the U.S. It could cause reduction on the credit union's off-site file storage costs, immediate increase in their annual recoveries, avoidance of the possible problems with the Fair Debt Collection...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics