Commercial Collections Blog

Fair and Accurate Credit Transaction Act (FACTA)

The Fair and Accurate Credit Transaction Act (FACTA) is legislation protect businesses and consumers from identifty-thieves.  

FACTA applies to all businesses who maintain  consumer information for any business purpose.  Failing to properly secure and maintain the information can result in substantial fines and class-action litigation and has  no statutory limitation.  The legislation can hold a company financially responsible for the actual losses to individuals involved.

 

Debt Collection News

  • UMC Reports First Quarter 2018 Results

    April 25, 2018
    The basic weighted average number of outstanding shares in 1Q18 was 12,202,773,078, compared with 12,208,239,978 shares in 4Q17 and 12,208,239,978 shares ... Sales & Marketing declined 3.7% to NT$0.91 billion and R&D expense fell 5.4% to NT$2.92 billion, or 7.8% of net operating revenues.
  • Manhattan Associates Reports First Quarter 2018 Performance

    April 24, 2018
    Our transition to cloud continues as planned and while license revenue was soft due to some sales cycles extending, we performed well across all other revenue categories and our sales pipelines for both cloud ... Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017.
  • Manhattan Associates, Inc. (MANH) Tops Q1 EPS by 6c, Slight Beat on Revenues; FY18 EPS ...

    April 24, 2018
    Adjusted operating income, a non-GAAP measure, was $32.3 million in Q1 2018, compared to $46.3 million in Q1 2017. Cash flow from operations was $51.3 million in Q1 2018, compared to $61.3 million in Q1 2017. Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017 ...
  • DataServ Signs World Wide Technology As Newest Client

    April 24, 2018
    In addition, DataServ will apply Direct Ship automation, which allows distributors to take advantage of the benefits of direct shipping from a manufacturer to an end user without experiencing the pain of routing invoices through multiple channels and extended Days Sales Outstanding. "We are pleased to ...