Global Debt Registry and NCB Management Services, Inc.
Announce Agreement - NCB to use GDR Chain of Title and
Consumer Access Portal
November 11, 2013
Wilmington, Delaware - November 11, 2013 – NCB Management Services
(NCB), a privately held national debt buyer and collection agency, and Global
Debt RegistrySM (GDRSM), the independent debt titling registry, announced they
have signed an agreement to use GDR’s ownership tracking system and
enhanced consumer access for NCB accounts. The agreement reflects an
increasing interest among banks, debt buyers, collection agencies and legal
collection firms to dramatically improve proof of ownership validation and chain of
NCB will use GDR’s registering and debt titling services for accounts they
purchase from original creditors and from other debt owners. GDR creates
unique identifiers for all registered accounts and tracks documentation and
information about debts in a highly secure, cost effective centralized repository.
GDR’s PCI-DSS compliant, patent pending processes ensure that debt owners
have full transparency regarding the chain of title of debts. Consumers will be
able to securely access the Registry to independently validate claims of
ownership by the debt owner once rolled out.
“NCB wants to ensure consumers can conveniently access information about
their accounts to validate ownership of a debt. We believe enhanced access to
information improves the consumer experience and helps both parties resolve a
past due debt,” said Marcelo Aita, President and Chief Executive Officer of NCB.
“In light of the recent regulatory focus by the CFPB, OCC and FTC surrounding
debt collection practices, we believe GDR’s chain of title tracking system
addresses many of the core issues that regulators want to see fixed. NCB’s
adoption of GDR reflects our commitment to proactively address these issues.”
“Before a consumer engages in a discussion about repayment of a debt, GDR’s
chain of title tracking system allows consumers to independently validate the
account-level information,” said Mark Parsells, Chairman and Chief Executive
Officer of Global Debt Registry. “NCB has broad relationships with the leading
banks in the United States and is regarded as an innovator and leader in
consumer focused collection. Their adoption of GDR’s chain of title,
documentation and consumer access services is another in a series of steps
taken by Marcelo and his team to enable a best in class customer experience for
the debt collection industry.”
NCB Management Services, Inc. is a national debt buyer and collection agency
successfully managing consumer debt portfolios since 1994. NCB has developed
into one of the top performing companies in the collections and recovery space
by relying on a customer centric approach to collections. NCB is trusted by some
of the nation’s most recognized financial services organizations to protect their
brand and mitigate headline risk through sound operational controls.
Global Debt Registry, founded in 2005, is the independent ownership-tracking
registry for the ARM industry. GDR’s patent pending account–level chain-of-title,
validation documentation and consumer access services enhance the value of
debt, improve regulatory compliance and help consumers verify debt collectors.
GDR tracks consumer debt including credit card, student, medical, auto and
personal loans. GDR is an independent organization led by senior executives
from the banking industry with deep experience in compliance and data privacy.
GDR is owned by a US based, $5 Billion private equity firm.