Debt Resolve Joins Fair Isaac’s ScoreNet Network

Debt Resolve, Inc., the leading provider of patented online collection technology, announced today that it has entered into a partnership with Fair Isaac Corporation and joined Fair Isaac’s ScoreNet® network. The ScoreNet network is the leading communications platform in the collections and recovery industry.

The partnership is very strategic to the collections and recovery markets and will provide Debt Resolve and ScoreNet clients’ seamless access to leading collection and recovery products and services. It also enables Debt Resolve to half the time required to integrate ScoreNet clients onto the Debt Resolve platform.

Fair Isaac’s Debt Manager, RMS, and Placements®Plus clients, along with all other ScoreNet network partners now have access to Debt Resolve’s patented system. The DebtResolve system provides an easy-to-use platform for the online collection of debt, connecting all parties involved in the settlement of debt, including lenders, third party collection agencies and debt buyers. This partnership gives ScoreNet users a further channel to access delinquent and charged-off accounts, and combined with Fair Isaac’s analytic models, clients can optimize placement and channel distribution strategies, enabling improved collections at lower costs.

Reciprocally, by connecting to the ScoreNet platform, Debt Resolve’s clients will have easy access to ScoreNet’s array of collection and recovery services. For instance, Debt Resolve clients now have the ability to store, view and forward images of documents through ScoreNet's Document Storage and Presentment service. Additionally, ScoreNet’s Event-based Trigger service can be utilized to identify and quickly react to changing account characteristics from a variety of data sources.

James D. Burchetta, Chairman and CEO of Debt Resolve stated: “This partnership is a great advantage for collection and recovery organizations wanting better quality bundled services. In addition, Debt Resolve is excited about the partnership and the opportunity to work with Fair Isaac’s long-standing customers. We know that prospective clients will respond eagerly to the news that they can significantly reduce the time needed for implementation, while at the same time reducing their set-up costs. We look forward to working with organizations not currently customers of either company that desire greater efficiencies in their debt collection and recovery processes.”

Eric Herson, Vice President - ICN Leader of Fair Isaac Corporation said: “This is a great opportunity for both sets of clients to leverage both companies’ technologies and services. Having efficient access to this additional channel through their existing network investment will make our clients more effective and efficient in their Collections and Recovery efforts. This partnership will dramatically reduce the current cost to clients of having to negotiate each type of service individually."