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Consumer Delinquencies Decline Significantly in Fourth Quarter 2012
Tuesday, 02 April 2013

WASHINGTON – Consumer delinquencies declined significantly in last year’s fourth quarter, with bank card delinquencies falling to levels not seen since the third quarter of 1994, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin.

OB10 supports e-Invoice standard ZUGFeRD for greater e-Invoicing adoption among SMEs
Thursday, 21 March 2013

London, 21 March 2013 – OB10, the e-Invoicing network, has taken another step towards making straight-through invoice processing available to companies of all sizes by supporting ZUGFeRD, a cross-industry standard for PDF invoices.

US Department of Veterans Affairs Financial Services Center Mandates Electronic Invoicing
Thursday, 14 March 2013

Atlanta, March 14, 2013 – The US Department of Veterans Affairs (VA) has finalized actions to mandate electronic invoice submission from suppliers to the VA Financial Services Center (VAFSC). The transition supports the requirements of the Improper Payment Elimination and Recovery Improvement Act signed by President Obama on January 10, 2013. The Federal Mandate is located in the Federal Registry at <> .

Winterhill Largo joins Irish banking crisis agency’s insolvency panel
Wednesday, 13 March 2013

Asset recovery and insolvency support group Winterhill Largo has been appointed to the panel of preferred UK insolvency practitioners for Ireland’s National Asset Management Agency (NAMA).

Aktiv Kapital Group delivers solid growth in 2012
Monday, 11 March 2013

The Aktiv Kapital Group, a leading investor and debt servicer in European and Canadian non-performing loans, posted strong results for the 2012 financial year, with 14% growth in revenues and 19 % growth in profitability.

New EU Payment Directive – good news for SME’s cashflow
Friday, 08 March 2013

The new EU Late Payment Directive which comes into force on the 16th March 2013 is good news for SME’s.  Used effectively in credit control procedures,  it will boost cash flow and profitability.

Late Payments in Russia Hit Worst Level Since October 2010
Thursday, 07 March 2013

MOSCOW — March 7, 2013 — FICO, the leading provider of analytics and decision management technology, and the National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, today released data showing that Russian borrowers’ credit repayments for January 2013 were at the lowest level since October 2010. The FICO® Credit Health Index fell 10 points to 109 on the scale, 2 points lower than October 2013 and 6 points lower than January 2012.

Equens processes billionth SEPA transaction
Thursday, 28 February 2013

Utrecht, the Netherlands, February 28, 2013 – Equens processed its billionth SEPA transaction last week. Since the launch of the SEPA Credit Transfer (SCT) scheme in January 2008 and the introduction of SEPA Direct Debit (SDD) in November 2009, transaction volumes have shown progressive growth. Although Equens’ systems have been prepared for large SEPA payment volumes since day one, it has taken five years to reach the mark of 1 billion SEPA transactions, as many market participants have not yet prepared themselves for the SEPA migration. There is therefore still a lot to do between now and the SEPA end date of 1 February 2014.

SIX Payment Services and Diners Club Italy sign a long-term merchant acquisition agreement
Wednesday, 27 February 2013

27th February 2013 - SIX Payment Services (Europe) S.A., the international provider of card-based payment solutions, and Diners Club Italia S.r.l., which belongs to Discover Network and Diners Club International, today announced the signing of a long-term merchant acquisition agreement for Italy. The purpose of the agreement is to promote the acceptance of Diners Club and Discover cards in Italy.

mCommerce redefines the way we will buy in the future.
Tuesday, 26 February 2013

The GSMA Mobile World Congress 2013 started yesterday in Barcelona and will run until 28 February under the theme "Redefining Mobile" in the Gran Via exhibition centre, , the Montjuic Exhibition Centre, with a spectacular 67,000 spectators increasing last years attendance. The event will have 1739 exhibitors confirmed the organiser and will be covered by more than 3,300 media. The event will provide Barcelona with revenue of over 300 million euros as well as the indirect income related to transport, catering and accommodation.

Banco do Brasil expands use of CGI’s CACS® Enterprise,
Tuesday, 19 February 2013

Fairfax, VA, February 19, 2013 - CGI Group Inc. (CGI), a leading provider of information technology and business process services, today announced that Banco do Brasil, the largest financial institution in Brazil and the 17th largest bank in the world, has expanded their use of the CGI Collections360TM software component, CACS Enterprise, in response to increasing volumes of business.  The flexibility and scalability of CACS enables the bank to process additional customers and quickly increase capacity while maintaining the same high levels of customer service.

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