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."   » Continue Reading

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."   » Continue Reading

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."   » Continue Reading

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."   » Continue Reading

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.

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.   » Continue Reading

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."   » Continue Reading

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.   » Continue Reading

NYPay has announced its formation as "New York City's premiere networking forum for professionals in the payments industry."   » Continue Reading

TransUnion and Edgar, Dunn & Company have announced they are developing the PaymentDynamics 2006 Preferred Payments Study, intended to be the "first of its kind to combine consumer payment attitudes, behavior and credit information." Results from the study are expected beginning in the fourth quarter of 2006.   » Continue Reading

Damon Darlin reports for the New York Times on VantageScore, the recently introduced alternative to the long-standing FICO scores produced by Fair Isaac. According to the three credit bureaus that created VantageScore - Experian, TransUnion and Equifax, it improves risk prediction of future credit performance by weighing more factors. VantageScore also reportedly is more accurate at assessing consumers with "thin files" - having a short credit history.

TransUnion has announced RentBridge, a new patent-pending rental payment database that will gather and maintain rental payment history information to help apartment owners, property managers and other types of credit grantors make more informed risk, fraud and identity management, collections and marketing decisions.   » Continue Reading

TransUnion has announced Turnkey Triggers, "a new service that assists marketers in reaching prospective customers within hours of learning about changes to their credit profile that may predict newfound responsiveness to a targeted firm offer."   » Continue Reading

Advantage Credit has announced some results from a recent teleconference it hosted to explore the new VantageScore, a new consumer credit score jointly developed and introduced recently by Experian, TransUnion and Equifax.   » Continue Reading

TransUnion has announced it will be integrating the ID Analytics ID Score into its Fraud and Identity Management Services.   » Continue Reading

Eileen Alt Powell reports for the AP with more details about VantageScore, the new credit scoring system announced yesterday by the three major credit bureaus Equifax, Experian and TransUnion.   » Continue Reading

The nation's three consumer credit reporting companies -- Equifax, Experian and TransUnion -- have jointly announced the introduction of a new credit score called VantageScore they say will simplify and enhance the credit process for both consumers and credit grantors.   » Continue Reading

TransUnion has announced Common Point of Purchase, a new fraud detection service designed to identify merchants where magnetic stripe skimming may be occurring. A similar service has been available in Canada for five years.   » Continue Reading