RMAi Blog

AUGUST 22, 2024

With the encouragement of federal regulators, RMAI spent the better part of 2012 developing the RMCP and officially launched the program in March 2013. RMAI expanded its scope to include collection agencies, law firms, brokers, and most recently vendors, recognizing their individually diverse roles within the receivables management ecosystem.

Law Firms 147

Law Firms Credit and Collections Debt Collections Transactions 147

Lendio

MAY 6, 2024

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. If you’re trying to decide whether you should accept credit card payments, it’s never been easier. Why accept credit cards?

Credit Card Payments 98

Credit Card Payments Small Businesses Transactions Credit and Collections 98

Due

JANUARY 3, 2023

You might get asked similar questions by lenders when you apply for loans and credit cards. To find out, they might check your credit report. What are credit reports, why are they important and what is in them? What is a Credit Report and Why is it Important? Credit Reports vs. Credit Scores.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Abrigo

MARCH 4, 2022

billion by 2023, synthetic identity fraud impacts customers' experiences and creates costs tied to collections. The intent of creating the synthetic identity can vary greatly, from creating a credit profile to human trafficking. Piggybacking is a method of using an individual's credit for gain. Synthetic ID Fraud.

Credit Unions 78

Credit Unions Credit and Collections Transactions Cybersecurity 78

TreviPay

NOVEMBER 11, 2022

It’s a category rather than an industry, as B2B transactions occur across different business sectors. B2C transactions include everything from groceries to high-end luxury fashion. Most B2C payments take place on debit or credit cards. Collections. Collections in B2C could be a positive for B2C in many instances.

Credit and Collections 52

Credit and Collections Debt Collections Transactions 52

Fundera

AUGUST 1, 2018

But to qualify for debt financing, indicators like credit, revenue, and profits should be stable—which generally means the business model should be established and income should be accordingly predictable. For borrowers with exceptional credit, annual interest is in the range of 5% to 10%. Business Is a Job or Regular Source of Income.

Credit and Collections 111

Credit and Collections Small Businesses Deductions Default 111

Fundera

NOVEMBER 6, 2018

Shopify is known primarily as an ecommerce platform, but since 2013 it has also operated a POS system with a robust set of features. You can also accept a variety of other forms of payment with Shopify POS, including gift cards, store credit, split tenders, and partial payments. cut of each in-person credit card transaction.

Dashboards 45

Dashboards Credit and Collections Transactions Small Businesses 45