Account Scoring
Account scoring represents the process of establishing the probability of collecting on an account. Account scoring is an inductive part of managing portfolio risk. Many organizations use internally developed models and/or third party vendors that specialize in account scoring to score their accounts.
Find out how the CollectOne software suites scoring engine can help your organization manage portfolio risk. Learn More...
Accounts Receivable Management (ARM)
The management of an organization's outstanding money. Generally, the outstanding amount due is from a credit account. A receivable account is applicable to most any industry. In today’s business environment, accounts receivable management software is the most productive way to manage the accounts receivable lifecycle.
The CollectOne software suite can automate the management of the receivables lifecycle and help your organization maximize productivity. Learn More...
Accrued Interest
Accrued interest is interest due on an account that has been earned, but not yet paid by the debtor.
Accrued interest can be managed as part of the receivables life-cycle using the CollectOne software suite.
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Amortized
To amortize is to repay a loan, in regular installments, over the agreed-upon term of the loan.
The CollectOne software suite can automate the management of the receivables life-cycle and help your organization maximize productivity. Learn More...
Asset Sales
Asset sales occur when a credit grantor sells written-off accounts to a debt buyer who then attempts to collect on the delinquent debt.
CollectOne offers an award winning suite of products for the management of delinquent accounts. Learn More...
Automated Clearing House (ACH)
Automated Clearing House (ACH is the acronym) is the leading electronic network for financial transactions in the United States. ACH processes large volumes of both credit and debit transactions which are originated in batches. Rules and regulations governing the ACH network are established by NACHA (The Electronic Payments Association™), formerly the National Automated Clearing House Association, and the Federal Reserve (“The Fed”).
ACH credit transfers include direct-deposit payroll payments and payments to contractors and vendors. ACH debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills. Businesses also use ACH to collect from their client’s online, rather than accepting credit or debit cards.
Debit transfers also include new applications such as the Point-of-Purchase (POP) check conversion pilot program sponsored by NACHA. Fed ACH is the Federal Reserve's centralized application used to process ACH transactions. Both the governmental and the commercial sectors use ACH payments. The Electronic Payments Network (EPN) is the only private sector ACH Operator in the United States.
The Federal Reserve Banks are collectively the nation's largest automated clearinghouse operator, followed by the EPN. EPN and Reserve Banks rely on each other for the processing of some transactions in which either the Originating Depository Financial Institution (ODFI) or Receiving Depository Financial Institution (RDFI) is not its customer. These interoperated transactions are settled by the Reserve Banks.
The CollectOne software suite can provide you with the technology to efficiently manage payment processing for your receivables in real-time. Learn More...
Automatic Stay
An automatic stay is an injunction that stops lawsuits, foreclosures, garnishments and all collection activity against the debtor the exact date a bankruptcy petition is filed.
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