Technology and segmentation play major roles in helping collections teams enrich contact strategies through the use of Machine learning and AI.
Buy Now, Pay Later (BNPL) is a rapidly growing payment format that has become seamlessly integrated into a range of services, products and facilities. Its ease of access has made it a popular choice of payment, which has meant an increasing volume of customers entering the collections process as a result.
Performance indicators are vital in providing perspective on the current state of business operations and offer valuable insight for future strategies.
Collections and recovery teams can now be at the forefront of improving brand reputation in an organization.
With a debt tsunami again looming large, organizations must use their pandemic learnings to make collections processes customer centric.
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Find out how financial services institutions can start using the collections process as a method of boosting customer loyalty.
For collections teams to implement customer centric processes properly, they need to be both intuitive and effective.
Consumers now have much more freedom to decide what channel of communication they’re contacted
The COVID-19 pandemic sparked huge disruption in almost every part of the economy - and the debt collection sector was no different.
The FDCPA is a federal law intended to eliminate anti-consumer practices in collections and recovery. But how exactly does it achieve this?
Now that the industry has had time to operate under Regulation F, what impact has it had and how have businesses adapted to the new restrictions?
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