We are delighted to announce that Cabot Financial have acquired the Credit Union business of XRS. Cabot Financial are Ireland’s largest provider of credit management outsource solutions to the Credit Union and financial services sector. This will provide our Credit… read more →

Payday lender Wonga is to pay more than £2.6 million in compensation to around 45,000 customers for “unfair and misleading debt collection practices”, the UK markets regulator has announced. The UK’s biggest payday lender was found to have sent letters… read more →

XRS are proud to announce a deal with Ballyphehane Credit Union to provide our legal collection system (LMS) to assist in their efforts to manage the legal collections function of the Credit Union in-house. This is the first such deal… read more →

Kieron Brennan is leaving to take over as boss at the National Association of Building Co-operatives, a charity that promotes the provision of social housing.

Half of the 6,600 legal letters sent out by AIB to borrowers in arrears of 90 days or more have resulted in engagement with the bank by the borrowers. Chairman David Hodgkinson told shareholders at the bank’s AGM that none… read more →

CREDIT unions are speeding up the roll-out of new electronic payment options and are in talks with Visa and MasterCard about providing debit cards for members.

Text messaging through RMS Online is now available to our Credit Union customers. The text messaging capability is fully integrated into the workflow, giving Credit Controllers a sophisticated texting tool that allows them to significantly improve the process of contacting… read more →

It is now possible to process card payments through RMS Online. The card payment capability is fully integrated into the Credit Control workflow, giving Credit Controllers a sophisticated pay-ments tool that reduces the resources required to collect money from members.… read more →

Tens of thousands of credit union members are being refused loans because half of all credit unions are under orders from the Central Bank to limit their lending. The lending restrictions are benefiting banks and moneylenders while undermining the member-owned… read more →

The registrar of credit unions has said credit control continues to be an issue in many credit unions around the country. Speaking at the association’s AGM, Sharon Donnery said around half of all credit unions are now subject to some… read more →