Payments pattern

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Payments pattern

Describes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old.

Payments Pattern

The likelihood of a company to receive its accounts receivable by a certain point in time. That is, if most accounts are paid in 10 days and a certain account is unpaid after 25 days, the payments pattern would state that the account is unlikely to be paid in 26 days.
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In Program for Evaluating Payment Patterns Electronic Reports, or PEPPERs, CMS takes segments of a facility's billing records, analyzes them and compares with others in the state; with others in the payment jurisdiction, which is the Medicare audit contractor; and with the national averages.
The biggest shift in Anna's payment patterns came last month when she went to her condo association's website to pay her fees.
Payment patterns have been changing fast and we re seeing growing numbers of first-time defaulters in many markets, said David Lightfoot, vice president of product management for FICO.
Avention Spending & Risk is built on real transaction data, providing visibility into spending and payment patterns and trends that are not obtainable through any other financial reporting.
The Payments Council predicts that the number of payments made through Paym will have reached around one billion by the end of 2018, taking into account factors like levels of mobile phone ownership and payment patterns.
The report, produced by MasterCard Advisors, explores the evolution of consumer payment patterns in 33 countries from five regions, representing more than 85 oer cent of global GDP, taking in both developed and developing nations, using a single methodology.
The report tracked the evolution of consumers' payment patterns in 33 developed and developing countries from five regions, representing more than 85 per cent of the global gross domestic product.
For 2012, insurance companies that choose not to elect to use their own payment patterns must use the industry averages published in Rev.
We've been noticing steady improvement in consumer payment patterns (in the Pacific Northwest) for pretty much the last year.
Mortgage payment patterns have shifted, and some borrowers are intentionally defaulting on their mortgages because they believe it is in their best financial interest, and because they believe the consequences will be minimal," said Andrew Jennings, chief analytics officer at FICO and head of FICO Labs.
Thus, we pay out less than would be indicated by the historical payment patterns over a large group of claims.
We also advise clients to use payment performance data to identify companies' payment patterns and worsening payment trends, which are strong indicators of reduced cash flow, which can then lead to possible insolvency.