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Wednesday, July 16, 2008
Mid-Week News:
DEBT CONNECTION SYMPOSIUM & EXPO® 2008 IS PROUD TO ANNOUNCE THE RETURN OF JIM BELUSHI
Your voice has been heard! After an overwhelming response to bring him back, Debt Connection Symposium & Expo® 2008 is happy to announce the return of Jim Belushi, the "According to Jim" star, and this year he is bringing the Sacred Hearts Band.
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WELLS FARGO EARNS $1.8 BILLION ON RECORD REVENUE; INCREASES DIVIDEND 10%
Net income of $1.8 billion compared with $2.3 billion a year ago. Diluted earnings per share of $0.53 compared with $0.67 a year ago.
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LIVEVOX AWARDED PATENT FOR CARRIER-GRADE HOSTED VOIP DIALER SOLUTION
San Francisco, CA. - LiveVox Inc., a provider of hosted dialer solutions, today announced the U.S. Patent and Trademark Office has awarded a patent for the company's carrier-grade, hosted-VoIP-dialer solution.
read more

VERIFACTS AND VERIFACTS RECOVERY NETWORK PARTNERS WITH BARTLEY VENTURES LLC TO OPTIMIZE SALES EFFORTS.
Sterling, IL - VeriFacts, industry skip-tracing experts, announced today a new strategic partnership with Bartley Ventures, LLC leading provider of outsourced sales solutions.
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BERNANKE: FANNIE, FREDDIE IN NO DANGER OF FAILING
WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing."
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MINNESOTA ATTORNEY GENERAL LORI SWANSON FILES SUIT AGAINST AFNI INC., AN ILLINOIS DEBT COLLECTION AGENCY
Minnesota Attorney General Lori Swanson today filed a lawsuit in Hennepin County District Court against AFNI, Inc., an Illinois debt collection agency, for attempting to collect debts from Minnesota citizens who stated they did not actually owe the debts and for failing to substantiate debt that consumers stated they did not owe.
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CONVERGYS TO ACQUIRE INTERVOICE, ENHANCING LEADERSHIP IN RELATIONSHIP MANAGEMENT
Convergys Corporation (NYSE: CVG) and Intervoice, Inc. (NASDAQ: INTV) announced today that the Boards of Directors of both companies have approved a definitive merger agreement under which Convergys will acquire Intervoice for $335 million in cash or $8.25 per share.
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THOROUGHBRED TITLE AGENCY, INC. CELEBRATES 20TH ANNIVERSARY
CLEVELAND, Ohio - Thoroughbred Title Agency, Inc. (TTA), an affiliate of Weltman, Weinberg & Reis Co., L.P.A. (WWR), is excited to announce its 20th anniversary.
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BFRAME SELECTS PAYMENT VISION® TO OFFER PAYMENT GATEWAY SERVICES TO CUSTOMERS OF ITS DEBT RECOVERY MANAGEMENT SYSTEM
GAITHERSBURG, Md. - BFrame Data Systems, one of the leading providers of receivables management software for the collections industry, announced today that customers of its debt recovery software, BFrame Debt Recovery Management System, will have access to the gateway services of Payment Vision®, the popular payment gateway powered by Autoscribe Corp.
read more

INTERACTIVE DATA, LLC (ID) LAUNCHES "ID CELL SUPPRESSION"
ATLANTA, Ga., July 16, 2008 - Interactive Data, LLC (ID), a leading provider of contact accuracy services, has launched ID Cell Suppression, a product that definitively identifies and suppresses cell phone numbers from caller lists.
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IN RESPONSE TO INDUSTRY AND MARKET ACTIVITIES, WASHINGTON MUTUAL PROVIDED THE FOLLOWING STATEMENT ON THE STRENGTH OF ITS CAPITAL AND LIQUIDITY POSITION:
SEATTLE - Washington Mutual, Inc. (NYSE:WM) "Washington Mutual recently raised $7.2 billion in capital and its tangible equity to total tangible assets ratio was 7.8% as of June 30. The company significantly exceeds all regulatory "well-capitalized" minimums for depository institutions. In addition, WaMu has current excess liquidity of more than $40 billion and a national franchise with approximately $150 billion in retail deposits. The company will provide a more detailed report on its capital position and liquidity, as well as the steps it is taking to work through the current environment, on its July 22 earnings call."
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Q-SOFT SELECTS PAYMENT VISION TO OFFER PAYMENT GATEWAY SERVICES TO CUSTOMERS OF ITS LEGAL COLLECTIONS SYSTEM, Q-LAW
GAITHERSBURG, Md. - Q-Soft LLC, one of the leading providers of receivables management software for the legal collections industry, announced today that customers of its legal collections software, Q-Law, will have access to the gateway services of Payment Vision®, the popular payment gateway powered by Autoscribe Corp.
read more

IKEA RENEWS NETWORK SERVICES CONTRACT WITH TELECASH
Frankfurt - TeleCash GmbH & Co. KG, one of the leading network service providers (NSP) for the processing of card payments in Germany and a subsidiary of global payment services provider First Data, and IKEA Deutschland GmbH & Co. KG have renewed their existing network service provider contract for cashless payments. Under the terms of the agreement, TeleCash will continue processing card-based payments at IKEA's 43 furnishing retail outlets and restaurants in Germany.
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NCO CUSTOMER MANAGEMENT RECEIVES 9TH ANNUAL CALL CENTER EXCELLENCE AWARD FROM CALL CENTER IQ AND IQPC
HORSHAM, PA - Call center leaders and organizations were honored at the Gala Dinner and Call Center Excellence Awards Ceremony, held June 24, 2008, during the 9th Annual Call Center Week in Las Vegas, NV. NCO Customer Management was honored with the top award in the Best Performance Leveraging the Customer Experience as a Strategic Business Driver category.
read more

PREDICTIVEMETRICS LAUNCHES CARDRECOVERY SCORE
TINTON FALLS, N.J. - July 2008 - PredictiveMetrics™; (PMI) a leading provider of statistical scoring solutions introduces CardRecovery Score™;, statistical model for recovering all types of consumer and commercial card debt. CardRecovery Score™; provides collectors with the unique ability to predict two outcomes.
read more

IAT PROVIDES CUSTOMERS WITH NEW TOOL TO MOTIVATE
Salt Lake City, UT - Lazy agents can hide no longer. After customers clamored for a real-time tool to motivate agents and impress clients, IAT created and just launched Display Center. It takes agent work-flow information generated from CT Center, IAT's site-premised dialing solution, and shows it on wall-mounted monitors where everyone can see it.
read more

PAULSON GOES TO CONGRESS TO SEEK AUTHORITY TO STAND BEHIND MORTGAGE FINANCE GIANTS, FINDS SOME SUPPORT BUT SOME CRITICISM AS WELL.
NEW YORK - Treasury Secretary Henry Paulson got some tough questioning from lawmakers on Tuesday when presenting his plan to prop up mortgage finance giants Fannie Mae and Freddie Mac.
read more

WELTMAN, WEINBERG & REIS CO., L.P.A. WELCOMES NEW ASSOCIATE KIRSTEN PEPPER TO THE CHICAGO OFFICE
Weltman, Weinberg & Reis Co., L.P.A., the nation's largest creditors' rights law firm based on revenue and placements according to Collections & Credit Risk magazine, welcomes new associate Kirsten Pepper.
read more

STATEMENT OF CHAIRMAN BARNEY FRANK ON HOUSING LEGISLATION
Washington, DC - House Financial Services Committee Chairman Barney Frank today released the following statement on pending housing legislation in the House of Representatives:
read more

DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent:
Portfolios For Sale
$6,868,684.00     Other
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?571  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690  

$614,057.00     Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?570  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690  

$1,052,448.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?569  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

$3,397,664.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?568  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

Agency
BYL COLLECTION SERVICES, LLC
877-840-8102

CBI-CREDIT BASE INTERNATIONAL SRL
39.0187-5361151

NATIONAL INVESTMENT ASSOCIATES, INC.
404-966-6786

Brokers
NATIONWIDE CREDIT RECOVERY,INC.
770-231-1815

Debt Buyers
FIRST COAST RECEIVABLES, LLC.
347-756-8515

SECURITY CREDIT SERVICES, LLC
662-513-5429

Skip Tracing
WWW.TRACKDOWNSERVICES.COM
718-715-1193

Industry Events
ACA International 69th Annual Convention & Expo
ACA International
The Westin Diplomat Resort & Spa
Hollywood, FL
July 23 - 26, 2008
More Information

Debt Connection Symposium & Expo 2008
Resource Management Services, Inc.
San Diego Marriott Hotel & Marina
San Diego, CA
September 3 - 5, 2008
More Information

2008 Home Equity Lending Conference
Consumer Bankers Association
Hilton Austin
Austin, TX
September 7 - 9, 2008
More Information

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At A Glance Archive 2007 20062005
At A Glance - Friday, October 10, 2008
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