Upcoming Nacha Rule Differentiates Among
Unauthorized Returns for Debits

The next National Automated Clearinghouse Association (Nacha) rule change takes effect April 1. The change will attempt to better distinguish among reasons that customers declare debits as unauthorized.

Buyers claim ACH debits as unauthorized for a variety of reasons, including transaction dates or payment amounts, Nacha said. A buyer also might not recognize the party withdrawing money from its account or state it never authorized a withdrawal. Continue reading…

Five-Year Fraud Scheme Raises Questions
About Scam Protection

The sentencing of former MGT Construction executive, Patrick Lindsey, for a five-year fraud scheme has Chris Ring, of NACM’s Secured Transaction Services, considering ways material suppliers or subcontractors could have protected themselves better in this situation.

Over the five-year period, Lindsey served an integral role in the large-scale corporate accounting fraud scheme designed to conceal the fact that MGT Construction was more than $20 million in debt. Continue reading…


Business Law & Credit Law

With the legal environment of business constantly changing, it is imperative to have a solid understanding of the laws that affect business and credit.

Business Law covers various legal aspects of business. Module topics include Law and the Legal Environment, Contracts, and Sales and Lease Contracts. Each one of these topics is broken down into multiple modules for in-depth instruction.

Credit Law is designed to teach business credit professionals about the legal aspects of business credit. Module topics include business organizations, commercial transactions, and government regulation and compliance. Eighteen of the 23 one-hour modules require a passing quiz grade to advance to the next module. Many of the modules feature guest speakers who provide valuable information and real-time examples.ENROLL ME TODAY!

Proposed Texas Bill Would Change State’s Mechanic’s Lien Process

If the legislation passes, sending it might not be an option, Baird cautions. “If subcontractors and suppliers continue to send the second month notice, it may give upstream parties a potential claim for tortious interference with their business practices.” These types of claims often occur when a defendant wrongfully interferes with the plaintiff’s contractual or business relationships.

Some of the bill’s more positive aspects include the extension of filing deadlines for fund-trapping notices on retainage and for liens and notices to the next business day after a holiday or weekend can make collection efforts easier. Continue reading…

3D Technology Could Overhaul Construction Industry

When you think of commercial construction materials, supplies of concrete, brick, steel and wood stored in warehouses and shipped on demand would likely come to mind. Today, you can add a mix of materials generated on demand and on-site from 3D printing.

“Three-dimensional (3D) printing is an additive manufacturing process that creates a physical object from a digital design. The process works by laying down thin layers of material in the form of liquid or powdered plastic, metal or cement, and then fusing the layers together,” as defined by Investopedia. Continue reading…

Participate in FCIB’s monthly survey and receive the benchmarking report

Monthly, the survey focuses on 4 countries in a region to benchmark items such as common payment methods and terms AND whether creditors are experiencing payment delays.

WIIFY? Gain invaluable insights as participants share their experiences and advice about selling into a particular country.


Apr 27
11 AM ET An Exporter’s Perspective of Incoterms

Speaker: Phillip Poland, DHL Global Forwarding
Duration: 60 minutes

Financial Modeling:
A Glance into a Company’s Financial Future

Companies need income statements, balance sheets and cashflow statements in USD amounts in addition to at least three years of historic annual financials, she said. Then, it’s about developing assumptions.

Some credit professionals might wince at “assumptions” because assumptions in credit can lead to trouble, such as assuming a customer is creditworthy or assuming a customer will pay on time, she added. However, financial modeling assumptions are more like “broad considerations” similar to a country’s or industry’s growth prospects and the availability of liquidity. Continue reading…


Apr 13
11 AM ET. Drive Fast and Effective Collections

Speaker: Sarah-Jayne Martin, YayPay
Duration: 60 minutes | Complimentary provided by YayPay

Stepping into Leadership: Continuing Education
with NACM’s Certification Programs

International designations are comprised of the Certified International Credit Professional (CICP) and the top-level International Certified Credit Executive (ICCE). To earn the CICP, candidates must successfully complete the International Credit & Risk Management online course and exam.

“A designation indicates a commitment and passion for the profession,” said Ed Bell, CBA, CICP, ICCE, senior manager for Grainger’s credit administration. “It also indicates you have been properly trained in the principles of credit, which are not really taught in college courses.” Continue reading…Remind Me When the Survey is OpenView the March Report

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