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Customer Stops Paying; Now What?
Seven Risk Mitigation Techniques for Handling Customers in Financial Distress JOHN G SALEK AND DAVID SCHMIDT SEP 19, 2023 Most businesses put up with customers that are chronic slow payers. Many of these customers pay ... Read More
Phillips & Cohen Associates and NotifyNOW win Innovation of the Year Award
A technology offered by Philips & Cohen Associates (PCA) that gives the bereaved a simple route with which to notify utilities and similar organisations when a customer passes away has been named Innovation of the ... Read More
What Is Not AI In Collections?
On a recent webinar related to AI in collections, I heard a speaker say, “If you have an AI to . . . ”. I have never heard anyone say, “If you have a high ... Read More
AI gains momentum in core financial services functions
With 2.5 billion payment cards used in more than 200 countries and territories across the globe, Mastercard faces a gigantic fraud risk. Credit card fraud accounted for more than $32 billion in losses—or about 6.6 ... Read More
Collections Bureau of America, Ltd., Adopts Skit.ai’s Voice AI Solution to Enhance Account Penetration and Customer Experience
Skit.ai’s conversational Voice AI solution, which delivers fully automated, intelligent conversations at scale, has enabled the California-based debt collection agency to achieve a 27% increase in call volume so far. NEW YORK, NY (September 14, ... Read More