POWERFUL CREDIT APPLICATION PROCESSING & FRAUD PROTECTION ONLINE
Equifax launches eDecision its new online credit application,
scoring and fraud protection solution
London, May 11, 2004 – Equifax Ltd has launched eDecision, its new online credit application processing and scoring solution offering businesses a powerful new tool to help protect against bad debt and fraud. eDecision provides instant online lending decisions with objectivity and consistency, and is flexible enough to adapt to changing business needs, ensuring companies can remain competitive in today’s difficult market.
Providing access to both consumer and business data, eDecision has been developed utilising Equifax’s vast experience and knowledge of application processing and scoring systems, creating standard templates and business models for all but the most complex of business systems.
A powerful consumer risk score is provided through Risk Navigator, Equifax’s market leading consumer information system. For a business score, eDecision utilises the Equifax ScoreCheck and automated credit limit systems, enabling businesses to make fast, reliable and consistent lending decisions – whether their customers are consumers or businesses.
Furthermore, protection against application fraud is available through Equifax Protect Service, which provides a simple but robust company fraud risk rating and FraudScan, Equifax’s consumer fraud detection system to cross check applicant supplied data.
Michael Shannon, group executive, Equifax Europe comments, “Businesses today face the challenge of avoiding risk without compromising customer service and jeopardising business relationships, which is why they need to be able to make fast, informed lending decisions. eDecision has been designed to do just that, providing a fast, reliable and cost effective application processing and scoring solution enabling businesses to respond rapidly and with the minimum of risk to customer demands.
“The launch of eDecision is a result of years of experience and expertise in consumer and commercial credit data management and is a clear reflection of our ongoing commitment to bringing businesses a range of high quality products to help them manage their business.”
ENDS
May 2004
