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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.

An important People: A snapshot out-of European App Company

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Decoding the new Electronic Dice: A-deep Diving on Western european Gambling enterprise Software Team

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NetEnt/Evolution: The Live Local casino Powerhouse

Advancement Gaming’s acquisition of NetEnt solidified the updates because a prominent push regarding the Eu online casino market. Progression is especially recognized for its real time agent games, which offer users having a genuine gambling establishment experience. Its live casino choices, offering actual buyers and you can streamed in the high definition, are very increasingly popular, particularly in Spain. NetEnt’s history includes a collection from higher-creating slot video game, further building Evolution’s complete offering. Their work with ine platforms and you will development, have they at the forefront of the. Its commitment to regulatory conformity and you will responsible gaming strategies is additionally an option factor in its achievements inside the managed Western european sector.

Microgaming: The brand new Seasoned and you can Pioneer

Microgaming, a leader on the on-line casino industry, has an extensive video game collection and an extended-reputation history of high quality and you may ines arrive into multiple networks, and are known for its progressive jackpot slots, which offer members the ability to victory existence-altering amounts of cash. Microgaming continues to comply with the switching ent of new games mechanics. The strong exposure on the Foreign-language markets reflects the dedication to delivering a varied and you will enjoyable gaming experience.

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