RMAi Blog

AUGUST 14, 2024

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

SAP Credit Management

JANUARY 25, 2023

They contain the journal entries for all business transactions that are posted to them. Leverage Group Reporting’s existing abilities to manage and orchestrate global data collection processes for currencies, quantities, and texts for ESG scenario.

Revenue Recognition 166

Revenue Recognition Credit and Collections Transactions 166

RMAi Blog

DECEMBER 13, 2024

CFPB expressed concern over social media influencers on platforms like TikTok and Instagram spreading misinformation about debt collections. The consumer didnt pay the providers bills, and eventually the provider retained a collection agency which reported the debts to credit reporting agencies. 1692, et seq.

Credit and Collections 130

Credit and Collections Debt Collections Credit Reporting Agencies Collector 130

Gaviti

SEPTEMBER 6, 2023

Contact your customer success manager or email us at info@gaviti.com Join our webinar on Sep 13th to learn more about the new Cash Application module >> Credit Application Management: Empowering Risk Management and Visibility Avoid high risk customers from the start and monitor ongoing risk as they build a relationship with you.

Cash Applicator 98

Cash Applicator Credit Application Collector Bad Debt 98

RMAi Blog

MARCH 14, 2023

This is a very expansive definition which would include medical debt charged on a credit card, including a bottle of Tylenol purchased from a grocery store. RMAI is strongly opposed to this bill and is working with our Colorado lobbyist and other industry trade associations to get an exemption for credit card debt.

Collector 100

Collector Law Firms Credit and Collections Debt Collections 100

Abrigo

JANUARY 24, 2024

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve. These include the ability to accept a payment without posting.

Credit Unions 88

Credit Unions Credit and Collections Transactions Cybersecurity 88

SAP Credit Management

AUGUST 29, 2023

Each month ill review articles, research papers and webinars, and provide you with a brief summary of the most important papers, what they contain, what they may mean and try to draw some parrels between them. Clause extraction follows closely at 39%, indicating a focus on leveraging AI for more efficient contract review and understanding.

Transactions 120

Transactions 120

SAP Credit Management

FEBRUARY 8, 2023

Demo: SAP Product Footprint Management – Calculate Freight Transport Footprint Manage Data app: Configure master and transactional activity data for your transport footprints. Leverage Group Reporting’s existing abilities to manage and orchestrate global data collection processes for currencies, quantities, and texts for ESG scenario.

Dashboards 149

Dashboards Transactions 149

SAP Credit Management

SEPTEMBER 5, 2023

We support the Mass Changes for: sales orders, sales orders without charge, sales scheduling agreements, sales contracts, debit- and credit memo requests, and customer returns. With this application, the classic VA01 SAP GUI transaction is renovated into an SAP Fiori application for an intuitive user experience.

Credit and Collections 181

Credit and Collections Order to Cash Transactions Default 181

RMAi Blog

APRIL 12, 2023

The following bills of concern are a sample of the legislation that RMAI is currently engaging on behalf of the industry: California AB 1414 – This bill would exclude consumer credit accounts from the definition of “book account” which would force all litigation through a contract theory for litigation. NPAS, Inc. ,

Law Firms 100

Law Firms Collector Credit and Collections Default 100

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. Has your credit union started your annual process for updating your anti-money laundering/countering the financing of terrorism (AML/CFT) risk assessment?

Credit Unions 78

Credit Unions Cybersecurity Credit and Collections Transactions 78

SAP Credit Management

AUGUST 29, 2023

The remaining 5% of the requests will consist of heavier operations, such as the checkout, or operations impacted by housekeeping activities or contention, such as Garbage Collection. You can also watch this webinar , which provides an introduction to Dynatrace for SAP Commerce Cloud. Several long running requests (i.e.

Transactions 160

Transactions 160

Abrigo

MAY 30, 2023

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

DECEMBER 27, 2022

After the fraudster receives the fee, the investment transaction is never executed. Or they claim their targets have won a foreign lottery or sweepstake, which they can collect for a "fee." Watch the webinar. Lending & Credit Risk. The letter may be sent by mail, fax, or email. Update and adjust. Keep me informed.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

DECEMBER 4, 2020

The first rule in the NPR is the Recordkeeping Rule , which requires financial institutions to collect and retain information on certain funds transfers and transmittals. The current threshold for covered cross border transactions is $3,000 and the proposed rule would reduce the threshold to $250. Watch Webinar. Learn More.

Credit and Collections 78

Credit and Collections Transactions Credit Risk 78

Waystar

MARCH 21, 2023

Point-of-service collections in healthcare grow more complex — and more critical — each day. Use these four tips to improve your collections at the time of care. Point-of-service collections in healthcare tip: 1. Share the costs Co-payment collections are a necessity. Can’t wait for a new blog each week?

Credit and Collections 52

Credit and Collections Deductions Transactions 52

Abrigo

SEPTEMBER 29, 2022

Essential technology for modern lending and credit departments. Learn more about what they are and how they help banks and credit unions gain needed efficiency in the loan administration process. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Stay up to date on credit risk.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Transactions 78

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

FICO Blog

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends. FICO Admin.

Debt Collections 52

Debt Collections Credit and Collections Collector Transactions 52

Abrigo

SEPTEMBER 23, 2024

Takeaway 2 The sensitive nature of the information they collect means it's vital for banks and credit unions to have cybersecurity measures in place to protect their assets and reputations. Banks and credit unions handle sensitive financial data and transactions that affect millions of customers and businesses.

Cybersecurity 78

Cybersecurity Credit Unions Credit and Collections Default 78

Abrigo

SEPTEMBER 15, 2022

You might also like this webinar, "How to manage a high-performing construction loan portfolio." The researchers also found that banks are more likely to deny draw requests when projects have negative inspection reports, supporting the idea that information collected during monitoring is important to banks’ decision-making. Whitepaper.

Default 78

Default Credit Risk Credit and Collections Credit Scoring 78

Abrigo

JULY 30, 2019

Why is writing effective credit memos so vexing? Given that a credit memorandum is one of the most critical documents in the life of the loan, it would seem like a straightforward process. However, lenders, credit analysts, and other banking staff frequently seek tips for writing better credit memos.

Credit Risk 60

Credit Risk Credit and Collections CECL Credit Unions 60

Abrigo

MAY 18, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." How broad a field does loan review need to plow to unearth potential credit risks and assess overall credit quality? Scope in loan reviewing What is the scope of an adequate loan review?

Credit Risk 78

Credit Risk Credit and Collections Default Credit Scoring 78

Abrigo

JANUARY 7, 2021

The most important thing is to get your financials prepared,” Catherine Marx, District Director for the SBA’s Connecticut District Office, said during a webinar hosted Jan. Lending & Credit Risk. Credit Analysis Training. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk.

Credit Risk 78

Credit Risk Credit and Collections Small Businesses Transactions 78

Abrigo

APRIL 19, 2022

You might also like this webinar on assessing global cash flow. Takeaway 2 Ensure you have collected all of the pertinent data. Without the necessary tax schedules, cash flow numbers can be greatly skewed due to using paper transactions that change ‘income/expenses’ for tax purposes but have nothing to do with actual cash flow.

Credit Risk 78

Credit Risk CECL Credit and Collections Transactions 78

Abrigo

JULY 27, 2023

How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech in the banking sector. Takeaway 3 Banks and credit unions considering regtech should make sure their provider is adaptable and their institution is ready for implementation. What is regtech?

Credit Unions 78

Credit Unions Credit and Collections Transactions 78

Abrigo

JULY 27, 2023

How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech for banks. Takeaway 3 Banks and credit unions considering regtech should make sure their provider is adaptable and their institution is ready for implementation. What is regtech?

Credit Unions 78

Credit Unions Credit and Collections Transactions 78

Abrigo

JULY 25, 2023

Takeaway 1 Unlike ACH transfers and personal payment options like Venmo, FedNow transactions can complete core clearing and settlement within seconds. FedNow transactions, by contrast, allow credit transfers to complete core clearing and settlement almost immediately, within seconds.

Credit Unions 78

Credit Unions Credit and Collections Transactions 78

Abrigo

JUNE 23, 2023

You might also like this on-demand webinar on the new CFPB small business data collection rule Watch Takeaway 1 Banks and credit unions often face challenges implementing data warehouses and are not pleased with the result. Stay up to date on the CFPB 1071 data collection rule and other lending compliance topics.

Credit and Collections 78

Credit and Collections Credit Risk Credit Unions Dashboards 78

Abrigo

AUGUST 30, 2022

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. You might also like this webinar on commercial lending strategy. Learn more about credit risk in a rising-rate environment in this video podcast. Knowing the why.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

APRIL 2, 2024

You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement good business strategies to attract new customers and build on existing relationships. While banks collect various metrics, two critical items to track are business development (BD) activities and referrals.

Credit Risk 68

Credit Risk Credit and Collections Credit Unions Small Businesses 68

Onguard

AUGUST 9, 2023

Which FinTech technologies are transforming the credit management process? Digital transformations: the future of credit management Big data & AI Expectations of big data and artificial intelligence (also known as artificial intelligence or AI) have been high for years. The world of finance isn’t left behind in this regard either.

Credit Management 52

Credit Management Credit and Collections Invoice Amount DSO 52

Abrigo

JULY 10, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud. Here are several suggestions for tightening security.

Credit Unions 60

Credit Unions Cybersecurity Credit and Collections Transactions 60

Fundera

AUGUST 2, 2017

Who it’s for : Anyone struggling to learn accounting concepts such as debits and credits or accrual vs cash basis accounting. Types of topics covered include understanding the various settings and workflows in QuickBooks accounting software to best practices in billing and collections. GrowthForce Editor, Stephen King CPA, CGMA.

Bad Debt 75

Bad Debt Small Businesses Credit and Collections Transactions 75

Fundera

NOVEMBER 10, 2017

Over the last few months, I’ve been collecting a list of questions from webinars and in-person events. I know you can add bank accounts to the QuickBooks bank feed, but can you add credit cards? First, you want to make sure that you’ve matched/added all of the transactions that have been downloaded to the bank feed.

Accounting Firms 68

Accounting Firms Credit and Collections Transactions 68

Gaviti

FEBRUARY 5, 2024

This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions. Pre Collection” Status : Enhanced internal Invoice Approval Feature.

Cash Applicator 52

Cash Applicator Dashboards DSO Credit and Collections 52

SAP Credit Management

JANUARY 27, 2023

Analytical Integration Cards on Fiori Launchpad The ‘ Procurement Overview ‘-app provides analytical and transactional cards to monitor business critical situations. The product sourcing overview page provides these insights with navigation option to the transactional Fiori apps for sourcing projects and supplier quotations.

Transactions 145

Transactions 145