Analytics

A Virginia collection agency erroneously mailed thousands of letters last week for medical bills that likely already were paid, according to officials with Carilion Clinic in Roanoke, Va. The letters went to patients of New River Valley Radiology, which joined Carilion in 2009.

Online merchants are dealing with hundreds of thousands of fraud attempts each day, but they say the various fraud-prevention tools at their disposal are helping them fight off the attacks.

Small merchants often have only the foggiest notion of what constitutes a secure electronic payment, so a security vendor specializing in Payment Card Industry data-security standards compliance is providing a primer on the subject.

More consumers are saying yes to new credit lines as lenders slightly loosen loan standards they cinched tight in the wake of the recession. But the market is unlikely to see a return to runaway credit card debt.

A regional credit union in Florida burned a few years ago by high counterfeit card losses says it has cut its actual losses to one-third what they were before deploying a fraud-prevention service earlier this year.

Defendants in a debt collection operation that allegedly sought payment for bogus magazine subscription debts have settled with the Federal Trade Commission.

Phoenix Managed Networks has secured the services of a Canadian payments company to distribute routers and software for its PaySecure fraud-prevention service, the payment network services provider announced May 15.

A tokenization services vendor has shifted its emphasis from the core to the edge of retailers’ computer systems and is seeking independent sales organizations to promote its product.

UK firms have sped up their late bill paying processes, according to the latest figures from market watcher Experian.

Payments technology company Jumio has secured an additional round of funding led by a division of Citigroup Inc.

The Payment Card Industry Security Standards Council plans to begin training and certifying integrators and resellers of payments-security software to address data security gaps software installers may cause, the council announced May 10.

ACA International announced Wednesday it "strongly disagrees" with a National Consumer Law Center (NCLC) report on student loan collections, calling it an "inaccurate portrait of debt collection created to further its agenda."

Hospital operator Tenet Healthcare Corp.'s first quarter earnings fell 20.5% reflecting mainly higher bad debt expenses, despite an estimated 2% rise in revenues.

As automated clearinghouse volume increases, securing ACH payments is becoming more difficult, particularly because mobile-payment providers and businesses are increasing their use of ACH payments to achieve speedy processing.

As automated clearinghouse volume increases, securing ACH payments is becoming more difficult, particularly because mobile-payment providers and businesses are increasing their use of ACH payments to achieve speedy processing.

Consumer confidence was flat in April, as more people saw their personal finances improving, while the effect of higher gas prices may have contributed to declining attitudes about the overall economy, according to the Discover U.S. Spending Monitor, a poll that tracks economic confidence and spending intentions for nearly 8,200 consumers.

Establishing a data center in Amsterdam will allow Iovation Inc. to provide faster fraud protection for its European clients. But it also will put the online security provider in the heart of a growing global fraud menace.

Wells Fargo plans to give its underwriters more control in approving mortgages that it retains in its own portfolio, as the bank tries to add high-quality assets to its balance sheet.

There are more signs of an improving credit landscape heading into the second quarter, according to consumer data from Equifax's March National Consumer Credit Trends Report. Home finance remains an exception to the boost.

Shareholder dissent over pay practices grew a bit in 2012. Outright majorities rejected executive compensation plans in advisory votes at three of the 132 institutions covered in this sortable table, compared with one in 2011. Meanwhile, the percentage garnering less than 75% support grew to 9.8% in 2012 from 9.1% in 2011.