Transunion Unveils Collection Prioritization Service

Chicago, IL ? TransUnion, a global information solutions company, announced today the availability of TransUnion Collection Prioritization Service, a new consolidated, overnight process to prioritize and optimize collection activities.

TransUnion Collection Prioritization Service offers a complete package of recovery solutions that leverages highly predictive data and expert analytic capabilities to provide the critical information and decisioning strategies needed for managing collection portfolios. TransUnion Collection Prioritization Service identifies uncollectable accounts, rank-orders accounts most likely to be recovered and offers the largest number of credit characteristics available in the market today.

?Collectors need a quick, efficient solution to identify the best recovery options for their entire debt portfolio, plus the expert guidance to help implement the solution, and TransUnion delivers on both,? said Michael O?Connell, senior director of Product Management, TransUnion. ?TransUnion Collection Prioritization Service delivers information in 24 hours and offers 180 credit characteristics ? the most in the market today ? to use in determining the most predictive data for each account.?

TransUnion Collection Prioritization Service was originally developed as a custom solution for a small number of customers and proved so successful it was enhanced and is now available as a standard offering. The new service combines the collections-specific attributes of six TransUnion products and is enhanced when customers utilize TransUnion?s world-class analytics capabilities. Key data such as address, telephone number, employment information, social security number, bankruptcy or deceased indicator, a collection recovery score and predictive credit characteristics are all available.

With corporate resources stretched thin in today?s ultra-competitive marketplace, new strategies for success are required. TransUnion Collection Prioritization Service delivers actionable workflow strategies via an automated decision engine to help collectors reduce time spent and expense incurred when they use individual data products from a variety of companies, keeping the focus on recovery efforts. TransUnion also offers expert analytical services to provide insight and interpretations of the data returned and how it can best be applied to a specific portfolio.

?TransUnion Collection Prioritization Service was specifically designed to optimize collection efforts for both credit grantor?s in-house departments and third-party collections agencies, and has already proved successful with initial customers. TransUnion is confident this new service will provide the bottom-line benefits many customers are searching for in today?s economic climate,? added O?Connell.

TransUnion is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers a broad range of financial products and services that enable customers to manage risk and capitalize on market opportunities. The company uses leading-edge technology coupled with extensive analytical capabilities to combat fraud and facilitate credit transactions between businesses and consumers across multiple markets. Founded in 1968, Chicago-based TransUnion employs 3,000 associates that support clients in 24 countries. Visit us at www.transunion.com.