September 19, 2014 10:29 AM ET

Commercial Services and Supplies

Company Overview of AllianceOne Receivables Management, Inc.

Company Overview

AllianceOne Receivables Management, Inc. operates as a debt collection agency in the United States. It offers online payment services. It serves financial services institutions, public utilities, governmental entities, telecommunications carriers, retailers, and healthcare providers. The company was incorporated in 1999 and is based in Mendota Heights, Minnesota with an additional office at Bensalem, Pennsylvania. AllianceOne Receivables Management, Inc. operates as a subsidiary of AllianceOne, Inc.

1160 Centre Pointe Drive

Suite 202

Mendota Heights, MN 55120

United States

Founded in 1999

Phone:

651-255-2001

Key Executives for AllianceOne Receivables Management, Inc.

AllianceOne Receivables Management, Inc. does not have any Key Executives recorded.

AllianceOne Receivables Management, Inc. Key Developments

Capital One and Three Collection Agencies Agrees to Pay $75 Million to Settle Class-Action Claims

Capital One and three collection agencies agreed to pay $75 million to settle class-action claims that they called people on their mobile devices without consent. It's the large cash settlement in the 22-year history of the Telephone Consumer Protection Act. Under the no-fault pact, Capital One will contribute $72.5 million to a settlement fund. AllianceOne Receivables Management Inc. will pay $1,434,672; Leading Edge Recovery Solutions LLC will pay $996,205; and Capital Management Systems LP will pay $24,220. The companies were charged with using autodialers and/or pre-recorded messages in calls to cell phones without the consumers' express consent. They admit no wrongdoing in the settlement. Up to 30% (an estimated $22.5 million) of the settlement will pay the consumers' attorneys with the five lead plaintiffs in the class-action suit receiving less than $5,000 each. Capital One has reportedly changed its business practices since the claims surfaced. According to proposed agreement Capital One has developed and implemented significant enhancements to its calling systems designed to prevent the calling of a cellular telephone with an autodialer unless the recipient of the call has provided prior express consent.

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