With the economic cycle climbing uncertainly out of a recession, business managers face growth opportunities with new potential clients that need careful vetting. This is a special challenge for equipment leasing campanies and other small and medium sized businesses, where you trust your own assets to someone who may be either financially... [More]
Are your check verification procedures robust enough to keep the fraudsters at bay?
Online fraud is becoming a serious epidemic worldwide, and so far, it just keeps getting worse. In the last couple years, hacking attacks have quickly moved towards targeting personal consumer information, specifically for the purpose of enabling fraud. In fact, ac... [More]
When it is taken electronically or more commonly known, as a “customer-not-present” transaction. There are very few tools to manage risk for such transactions. At least in a face to face transaction the check acceptor has the option of real-time electronic verification and asking for some form of ID to verify the check writer owns the c... [More]
A CFPB examination of any lender generally involves a review of the collection practices of that lender. However, according to the CFPB Short Term and Small Dollar examination manual, companies which collect on their own behalf are not prone to certain pieces of the review. In order to qualify under this designation, the company must:
Collect paym... [More]
Apartment owners and property managers handling large numbers of rental units constantly face the hassle and risks posed by unpaid rent, criminal behavior, and other adverse circumstances. Dealing with these problems is inevitable, particularly for larger complexes, and the costs of tenant background checks, court costs and other lost revenues can ... [More]