The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
WHY CONVENIENCE FEES ARE NOT A GOOD SOLUTION FOR COLLECTION AGENCIES
- Convenience fees are a controversial topic in the ARM industry. And judging by the interest and inquiries from individuals in the business who attended a webinar last week on the topic, there is a lot of confusion as well. The webinar, sponsored by BillingTree, aimed to provide an overview of how convenience fees work, and the circumstances under which they can, and can not, be charged.
FCC MOVES FORWARD WITH REASSIGNED NUMBER DATABASE WHILE CONSUMER ADVISORY COMMITTEE ENDORSES CALLER ID AUTHENTICATION SYSTEM
- The Federal Communications Commission is moving forward on multiple fronts to combat the proliferation of robocalls made to consumers. It announced it will vote at its next meeting on the creation of a reassigned number database, which will help companies know if a phone number has been relinquished by one individual and given out to someone else. Along with the reassigned number database, the FCC’s Consumer Advisory Committee, has announced its endorsement of the creation of an authentication system for Caller ID systems, to prevent callers from spoofing their phone numbers.
NEW SERVICE AIMS TO MENTOR NEXT GENERATION OF COLLECTION AGENCY OWNERS
- Aron Tomko wants to be guy who wants to make it easier for new participants to start up an collection agency or debt buying operation. Tomko, who runs Bayview Solutions, LLC, is starting a mentoring program that aims to help inform and educate individuals about how to establish a collection agency or debt-buying operation. His first project is a free kick-off call tomorrow that will share highlights of the program and answer questions about the industry. More information about the program is available here.
WORTH NOTING: Among all the red carpet coverage, Rita Moreno wore the same dress to the Oscars last night that she wore to the same event nearly 60 years ago … The top moments from the Oscars … The dilemma of when to report a data breach … Your customers have eight seconds for you. How to capture their attention … How to eat well spending only $50 a week … Everyone is writing about France McDormand and her “inclusion rider” … The fastest-growing cities in America … Amazon is in talks with banks to create checking account products for its customers … The most expensive house in America is on the market for $500 million … Why the human brain loves to be lied to … Why women are ruder to other women than men are to women … Shoes that let you order pizza.
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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
