Payments and Collections

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US online gaming reaches point of no return...

Despite recent coverage of the US elections virtually eclipsing the issue of online gaming, moves towards it were quietly progressing behind the scenes. Nevada, closely followed by Delaware, have now approved the nation's first interactive gambling licenses, while in August the Federal District Court for the Eastern District of...

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The clock’s ticking as new Euro rules expose bus...

European businesses risk losing billions of Euros as a result of failure to tackle simple payment errors according to a new Experian report. The switch to a single SEPA payment system – designed to simplify and streamline processing operations for domestic and international payments – will expose out-of-date account...

Read More The clock’s ticking as new Euro rules expose businesses to €20 billion payment bill
Microsoft adopts Experian’s SEPA payments services...

Microsoft has opted for Experian’s Bank Wizard Global to handle accurate and timely commission payments to Microsoft Corp.’s international network of re-sellers and supply vendors. Under new Single Euro Payments Area (SEPA) rules, the use of the International Bank Account Number (IBAN) to uniquely identify the bank and account...

Read More Microsoft adopts Experian’s SEPA payments services
Are lenders becoming too lenient?...

In the hope of strengthening customer relationships before the next market boom, many lenders have taken a proactive approach to dealing with customers struggling under the backlash of the recession, offering leniency on payment terms and allowing payment holidays....

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Is bad debt the price of growth?...

As the economy fluctuates between contraction and growth, those businesses getting ready for the latter must prepare to face a new set of challenges. In the past, the volume of sales coming in meant businesses could absorb a certain amount of bad debt without cause for concern and credit...

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Friction-free payments make online transactions worth ...

As far as consumer interactions and payments are concerned, friction simply slows processes which should be straightforward and efficient by adding seemingly unnecessary steps. Reducing friction increases both customer conversion and satisfaction leading to quicker...

Read More Friction-free payments make online transactions worth every penny