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GLOSSARY

Debts or receivables

The schedule of work a Member RMA processes in order to try and collect debts (also known as a Workflow)

On-going debts being collected

Profitable enough to warrant a cost investment

The levels of professionalism in approach an RMA can demonstrate e.g the training of its agents, how data is protected by the RMA, how secure are its payments process and client money, once debts have been collected etc

The arrangement whereby debt collection services are offered on a “commission on collection” basis

Criminal records bureau checks

A company, an organisation or individual who places debts for collection onto the Metwork platform

Group of debts/accounts/receivables

The layout of the debt information (usually on an excel file) that is transferred to the RMA.

  • (a) The age of the debt. The older it is the more difficult it is to collect
  • (b) the quality of the contact data supplied. Is there a phone number, an email, a work telephone number, the full address available etc? The less the amount of contact data available the more the Member has to do to find it.
  • (c) The level of dispute around the debts. Are people refusing to pay because services haven’t been carried out or information hasn’t been supplied?
  • (d) Amount of work already processed to try and collect the debts. How many letters, emails and calls have been sent/made and have the debts been placed with another agency prior to placing on Metwork?

RMAs based in the same country as the debt placer.

Formal checking process to establish the business credentials of a party

Secure online facility provided by RMAs (Metwork members) that supplies information and analysis to the debt placer on the progress of their accounts.

Laws and guidance governing the work of collection agencies

A formal procurement process where multiple bidders are invited to submit a detailed proposal

Materials and know-how that specifically are the creation of a particular party and as such are subject to ownership rights.

The debt collection system that the RMA( Metwork Member) works on.

A Receivables Management Agency or RMA, better known as a debt collection agency who may place bids to collect your accounts.

A company, an organisation or individual who places debts for collection onto the Metwork platform.

A rapid procurement process. Usually sent to “preferred potential bidders”

Amounts of debt that have been collected

If no debt has been collected in that reporting period the RMA must record a 0, as opposed to not recording a figure.

One payment based on a forecast of how much debt will be collected

Group of debts/accounts/receivables

Would be considered by all interested parties as a “fair proposal” based on the information supplied

Debts or accounts

The amount of debt that a member RMA predicts will be collected.

Receivables Management Agency/ Metwork member

A formal procurement process where multiple bidders are invited to submit a detailed proposal.

An amount an RMA will charge for finding someone who has disappeared from an address

Sending the debt amounts and personal information to the RMA so they can start collecting them

A legal action resulting in a court judgment awarded against the defendant

To cancel a placement of debts already on the Metwork platform

The difference it costs a Member to collect a debt and the commission they earn from collecting it.

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The fresh 2025 Canadian Playing Convention finished that have number attendance and certainly will become renamed while the SBC Meeting Canada next season. More than 3,000 pros attended, plus better workers, affiliates, and authorities. Key topics integrated wagering, money, and you will cybersecurity, which have good networking and world venture during.

Ontario’s gambling on line market got the next-ideal week actually ever for the April, that have total funds getting together with $313.twenty-three mil. Internet casino cash set a different sort of record during the $242.8 mil, merely before ing Ontario’s Month-to-month Business Overall performance Report, become investigation away from providers productive since the ing other sites but excludes OLG’s online games and you will horse race.

Alberta’s iGaming Alberta Operate (Bill forty eight) has gone by their third studying and just need Royal Assent and you may official enactment to become laws. This makes Alberta the following Canadian province, just after Ontario, to help you launch a regulated online gambling . The bill is designed to move people out of unregulated, high-risk betting sites in order to safe, subscribed systems that have consumer protections.

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iGaming companies have lost almost $21 billion for the worth due to uncertainty as much as U.S. tariffs, having big brands like Caesars and you can DraftKings watching clear falls. For the Ontario, this is certainly resulting in worries about down investing, injuring both casinos plus the pony race globe. Along with, BetMGM try fined $110,000 by the Ontario’s regulator to possess breaking laws about how exactly they marketed the latest player signal-ups.

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