There’s a new address verification software solution on the market for mid-market telecommunications and utility companies.
Power Pack for Telco and Utility leverages unique data assets and advanced analytics to help mid-sized providers quickly validate a business’s identity and make more informed decisions around account deposit determination.
Equifax officials said that using this solution, telco and utility companies gain a more comprehensive view of a businesses’ financial profile to improve application screening, streamline the service activation process and reduce write-offs.”By providing both business identity verification and payment risk information, we have equipped mid-market telco and utility companies with an easy, inexpensive way to make informed decisions about potential business customers,” said Dan Csont, chief marketing officer of Equifax Commercial Information Solutions, in a statement.
Csont said that Power Pack for Telco and Utility pulls together only the most relevant information into one, easy-to-understand format. According to company officials, business identity verification and access to multiple data sources are especially valuable for telco and utility companies which have significant annual write-offs due to fraud and non-payment. Address verification software has its place.
Power Pack for Telco and Utility, company officials said, enables businesses to make better application and risk decisions by integrating data from Equifax and third-party sources. With access to Equifax’s extensive data and proprietary risk scores as well as identity verification solutions, telco and utility companies can efficiently confirm the identity and past payment history of new applicants.Power Pack for Telco and Utility offers customers a number of add-on features such as Business Failure Risk Rating, which predicts the likelihood of business failure through formal or informal bankruptcy within a 12-month period.
Also available is Business Fraud Advisor, a fraud solution used to validate the identity of a business and verify application data while identifying applications with the highest likelihood of fraud.
Source:-http://www.tmcnet.com/channels/address-verification-software/articles/130395-address-verification-software-adapted-telco-utility-leverage.htm
