Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:

TransUnion

Welcome to the News View for "TransUnion".

Here, on these archive pages, you'll find all of the articles on Payments News for TransUnion listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

Subscribe to Payments News!

October 29, 2013

Headline News from PaymentsNews.com - October 29, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami, Nov 4-7, 2013.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

February 01, 2013

February 22, 2012

U.S. Credit Card Delinquencies Fall Nearly 5% in 2011

TransUnion logo 140pxTransUnion has announced that "the national credit card delinquency rate (the ratio of borrowers 90 or more days past due) reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. Average credit card debt per borrower increased $239 from the same period last year to $5,204, though it too remains near record-low levels."

February 20, 2012

TransUnion Acquired by Advent International and GS Capital Partners

TransUnion logo 140pxTransUnion announced today that "Advent International and GS Capital Partners VI Fund, LP and certain of its affiliates (the "Sponsors") have signed a definitive merger agreement to acquire TransUnion from its current stockholders, including Madison Dearborn Partners and the Pritzker family business interests. The transaction, which is expected to close late first quarter or early second quarter of 2012, values TransUnion at over $3 billion. TransUnion President and Chief Executive Officer Bobby Mehta and the rest of the company's leadership team will remain with TransUnion."

February 13, 2012

ThreatMetrix and TransUnion Launch Enhanced Fraud Prevention Platforms

TransUnion logo 140pxThreatMetrix and TransUnion have announced a collaborative effort to incorporate features and functionality from their respective fraud prevention platforms.

“Today’s reality is that device identity is a critical component of a person’s overall online identity. The combination of personal and device identity verification now available through the TransUnion and ThreatMetrix platforms is good for consumers in that it can prevent unauthorized transactions if their online identity has been compromised,” said TransUnion’s Jeff Brown, vice president, Identity Risk Solutions.

November 15, 2011

Credit Card Delinquencies Increase, but Remain Near Record Low Levels

TransUnion logo 140pxTransUnion announced "the national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased in the third quarter for the first time since the fourth quarter of 2009, edging upward to 0.71%. Average credit card debt per borrower increased $63 in the quarter to $4,762, though it remains near record-low levels.

August 17, 2011

US Credit Card Delinquencies Hit New Record Low

TransUnion logo 140pxTransUnion has announced availability of its quarterly analyses of credit-active U.S. consumers finding that the "national credit card delinquency rate (the rate of borrowers 90 or more days past due) decreased for the sixth consecutive quarter, dropping to 0.6% at the end of the second quarter in 2011. This is the lowest mark observed in 17 years. Credit card debt per borrower increased $20 in the quarter to $4,699, though it remains near record-low levels."

July 27, 2011

Consumers Made $72 Billion More in Credit Card Payments Than Purchases

TransUnion logo 140pxA new TransUnion analysis has found that consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010.

"Many people in the financial services industry believe charge-offs have been the leading factor in declining credit card debt since the start of the recession," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit. "In fact, some have stated that charge-offs account for the entire change in card balances over the past two to three years. In reality, the dynamic is more complex. Our analysis shows that consumers have made a concerted effort to pay down their credit cards during these uncertain economic times."

March 29, 2011

Study Finds Consumers Continue Paying Credit Cards Before Mortgages

TransUnion logo 140pxTransUnion released a study that "reveals the divergence in payment patterns -- where consumers are increasingly apt to pay their credit cards before their mortgages -- has now occurred for three straight years. However, for the first time since the deviation began, the percentage of consumers who are current on their credit cards and at least 30 days delinquent on their mortgage payments has declined."

November 29, 2010

U.S. Credit Card Delinquencies Continue to Fall to 1999 Levels

TransUnion_logo-140px-erin@glenbrook.com,EMc.jpgTransUnion has announced the results of its quarterly analysis of credit card industry trends.

The national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards) decreased to 0.83 percent in the third quarter of 2010, down almost 9.8% over the previous quarter. Year over year, credit card delinquencies fell by 24.6%.
TransUnion's analysis also estimates that more than eight million consumers in the U.S. stopped actively using bank-issued, general purpose credit cards over the past year.

August 25, 2010

Credit Card Delinquencies Continue to Fall in 2Q

TransUnion_logo-140px.jpgAverage consumer credit card balances in the U.S. are the lowest in eight years, according to TransUnion's quarterly analysis of trends in the credit card industry. The 2Q Credit Card Quarterly Statistics show that the national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards) decreased to 0.92% in 2Q2010, down 17.1% over the previous quarter. Year over year, credit card delinquencies fell by 21.3%.

June 23, 2010

TransUnion, ID Analytics Introduce New Credit Optics Plus Score

TransUnion and ID Analytics have introduced a new credit risk score – ID Analytics Credit Optics Plus – that the two companies say "examines conventional measures of creditworthiness, willingness and ability to pay, in combination with a new dimension, stability, in a single solution. This powerful combination provides a 360-degree view of consumer behavior and enhances the predictiveness of credit decisions, often resulting in a performance lift for lenders." READ MORE »

February 03, 2010

More Consumers Making Payments on Credit Cards Before Mortgages

A new study by TransUnion confirms that the "new" payment hierarchy -- where consumers pay their credit cards prior to their mortgages -- is continuing, with the trend occurring more readily than ever before. READ MORE »

October 05, 2009

TransUnion Adds ID Analytics Solutions

TransUnion_logo-140px.jpgTransUnion and ID Analytics have announced that TransUnion will include ID Analytics' collections, credit, and identity risk solutions in TransUnion's portfolio of service offerings. According to the two firms, "ID Analytics' scores provide TransUnion customers with unique, real-time insight into consumers' fraud risk and creditworthiness across the entire lifecycle including origination, portfolio management and collections. The two companies are jointly delivering a suite of solutions that reduce credit losses, improve collection efforts, and reduce costs associated with fraudulent transactions." READ MORE »

July 09, 2009

TransUnion's Consumer Credit Risk Index Hits Record Level

TransUnion_logo-140px.jpgTransUnion has announced that it TransUnion Credit Risk Index, a statistic developed to measure the changes in average consumer credit risk within various geographies, increased 1.98 percent from 124.79 in the fourth quarter of 2008 to 127.26 in the first quarter of 2009. On a year-over-year basis, the Credit Risk Index increased 7.10 percent (from 118.83 in the first quarter of 2008), the largest increase for that time period in this decade. The Credit Risk Index is defined as the weighted average probability of 90-day delinquency or worse among consumers in a given region relative to the nation as a whole. READ MORE »

June 08, 2009

1Q09 Credit Card Delinquency Rates Up 11 Percent over 2008

TransUnion.com has released the results of its analysis of trends in the credit card lending industry for the first quarter of 2009 based upon approximately 27 million anonymous, individual credit files - providing a real-life perspective on how U.S. consumers are managing their credit health.

Nationally, the bankcard delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their bankcards) increased to 1.32 percent in the first quarter of 2009, up 9.1 percent over the previous quarter. Year over year, bankcard delinquencies increased 11 percent from 1.19 to 1.32 percent. READ MORE »

December 17, 2008

LifeLock Enters Into Agreement With TransUnion

LifeLock has announced that it has entered into "an agreement that will leverage TransUnion's secure, automated processes to expedite and enhance the delivery of identity theft services that LifeLock currently provides to its members." READ MORE »

December 10, 2008

US Credit Card Industry Trends from TransUnion.com

TransUnion.com has released the results of its analysis of trends in the credit card lending industry for the third quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion's Web site. READ MORE »

July 14, 2008

TransUnion Launches Payment Behaviour Score

TransUnion has announced the launch of Payment Behaviour Score - described as "a new score to improve the effectiveness of acquisition and portfolio reviews for credit card businesses. This scoring solution is designed to strengthen relationships with cardholders and enhance the portfolio management strategy for the credit card providers." READ MORE »

July 10, 2008

TransUnion Launches New Models Focused on Bankruptcy

TransUnion has announced newly updated TransUnion Account Management and TransUnion New Account scoring models claiming that "both models experienced improvements, over the previous versions, in their ability to identify bankrupt accounts -- in some cases by as much as 32 percent." READ MORE »

June 19, 2008

Meta Payment Systems Partners with Fiserv, TransUnion for iAdvance

Meta Payment Systems has announced it has contracted with Fiserv and TransUnion "to enhance the next generation of its award-winning iAdvance product. The partnerships enable Meta to expand its short-term, small dollar loan alternative that is accessed immediately on a MetaBank-issued prepaid card." READ MORE »

February 12, 2008

TransUnion and Edgar, Dunn Launch Revolver Model

TransUnion and Edgar, Dunn & Company have announced the Revolver Model, "the second scoring model to identify predictive credit behavior characteristics using survey-based data from the PaymentDynamics 2007 Preferred Payments Study. The Revolver Model helps financial institutions determine how consumers prefer to manage their credit card balances and enables banks to develop custom marketing offers accordingly."

READ MORE »

January 03, 2008

Fewer Consumers Expect to Pay Down Debt in 2008

TransUnion's TrueCredit.com has commissioned GfK Roper Public Affairs & Media to assess Americans' thoughts about their finances at the turn of the New Year. "The survey found that in 2007, one in four (25 percent) of all Americans missed making one or more on-time bill payments, with the bulk of those delinquencies occurring on Utilities (12 percent), Credit Cards (12 percent) and Medical Services (11 percent). Meanwhile, only 17 percent choose paying down debt as their top resolution for 2008, down notably from 22 percent in last year's survey."

READ MORE »

April 23, 2007

The Usage and Payment Preferences of U.S. Consumers

TransUnion and Edgar, Dunn & Company have announced initial findings from the PaymentDynamics 2007 Preferred Payments Study on consumer payment preferences, attitudes and behavior - concluding "that more consumers prefer debit cards than any other type of payment for point of sale purchases."

READ MORE »

January 30, 2007

Tracking Americans’ Credit Habits

TransUnion’s TrueCredit.com has announced results from two surveys it recently commissioned with GfK Roper Public Affairs & Media designed to gauge distinct aspects of consumers’ current credit habits. "TrueCredit.com found that 35 percent of consumers actually report purchasing less on credit this holiday season than last year, when the same question yielded 43 percent. Similar to the 2006 survey, four in ten (43 percent) say they have the same amount of credit card debt this year as last, with 11 percent reporting they have more debt and 29 percent reporting they have less."

READ MORE »

November 20, 2006

Who's News - Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Scott Coates has been named to lead product management and marketing communication for TransUnion's Canadian operations. Before TransUnion, Coates was manager of marketing strategy and analysis for Lexmark Canada Inc.'s consumer printer division.
  • Robert McCabe Jr. has been named Chairman of the Board of Goldleaf Financial Solutions.
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues, be sure to tell us about it.

October 24, 2006

TransUnion Joins Utica College’s Research Collaborative

TransUnion has announced that it has joined Utica College’s Center for Identity Management and Information Protection (CIMIP), a research collaborative composed of elite public and private sector organizations, including the Federal Bureau of Investigation, United States Secret Service, LexisNexis, IBM and three prominent universities. The organization is dedicated to using applied research to further a national research agenda on identity management, information sharing and data protection.

READ MORE »

October 12, 2006

Fair Isaac Sues Major Credit Reporting Agencies

Fair Isaac Corporation has announced that it filed a lawsuit yesterday in Federal Court in Minneapolis "alleging that the three national credit reporting agencies and a jointly owned entity have violated antitrust laws and engaged in unfair competitive practices." Fair Isaac alleges that "Equifax Inc., Experian Information Solutions Inc., TransUnion LLC and VantageScore Solutions, LLC, through their launch and marketing of the VantageScore credit scoring model, are jointly engaging in unfair and anti-competitive practices that harm the FICO credit score brand and goodwill that Fair Isaac has spent 50 years creating."

READ MORE »

August 02, 2006

TransUnion to Acquire Qsent

TransUnion has announced it is acquiring Qsent, a Beaverton, Ore.-based provider of contact and identity management services that support customer acquisition and retention, collections and recovery and identity resolution applications.

READ MORE »

Payments News on Facebook
Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2014 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates