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Merchant Solutions
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Commerce Solutions - Carat
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Create payment experiences that help drive more commerce.
- Omnichannel Solutions
- eCommerce Solutions
- Global Currency Solutions
- B2B Payments
- Payment Facilitator & Marketplaces
Value Added Solutions
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Secure commerce and optimize payment and payout strategies
- Payment Methods
- Payment Optimization
- Security & Fraud
- Payouts / Disbursements
- Pay by Bank Account
- Alternative Credit Data
Prepaid Solutions
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Innovate and streamline gift and payroll card programs.
- Gift Solutions
- Payroll Card Solutions
- Incentives & Rewards
Introducing Carat Omnichannel Ecosystem
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- Resources
- Support
- Partners
- Developers
See the Credit Invisible
Assess, manage and help reduce risk impact while gaining the ability to authorize more credit-qualified consumers. Built on the TeleCheck database, alternative credit data creates a single customer view based on their identity and bank account information.
Real Time Validation Means Better Outcomes
Create a Near Term Data Single Customer View
Near term alternative credit data solutions are built on transactional data from the last 24 hours to 90 days. This single customer view is built by uniting approximately 350 million driver’s licenses, 192 million social security numbers and 450 million bank account numbers.
Real-time cash availability
Ability and willingness to pay
Risk and cash assessment
Real-time API access to data
FCRA Regulated
Driving the Value of Alternative Credit Data
48.9M
Number of Underbanked US Adults
Gain additional insights into the financial activities of consumers.2
7-10%
Of Consumers are Credit Invisible
Identify those with active bank accounts and history of successful transactions.1
28%
Of US Population Scorse Below 650
Find the best within the lower scoring segments. Effectively manage accounts.3
35%
Points Millennials Score Below Average
Millennials use credit differently than older populations. Understand their activity.4
Comprehensive Solutions
Understanding and scoring the full scope of consumers’ behavior creates the clearest picture of early risk and opportunity indicators compared to traditional scoring. Use of micro indicators enhances and eases segmentation. Access account accuracy and status using bank information, allowing Nacha compliance.
Confidence Score
Returns a score from 1 to 1000, indicating a measure of consumer payments behavior.
Micro Indicators
Returns a customized set of attributes, include counts, amounts and dates of various information.
Account Validation
Returns a score indicating any bank info presented such as “Account Closed” or “Administrative Returns."
Select Up To 150 Valuable Data Points
The real-time component that captures consumer payment performance, TeleCheck Micro Indicators enable a deep-dive into a combination of elements that predict credit risk and consumer ability and willingness to pay. Gain insight that goes beyond typical data attributes with over 150 Micro Indicators available for custom analysis and modeling.
Specific Micro Indicator Examples
Number of approved transactions: last 24 hours
Dollar value of approved transactions: last 90 days
Number of days since most recent unpaid transaction
Number of days since most recent transaction
Dollar value of internet transactions: last 24 hours
COMPLIANCE
FCRA Compliance
TeleCheck is regulated as a consumer reporting agency under the FCRA. As such, TeleCheck maintains policies and procedures which are designed to, among other things, help provide consumers with files report disclosures, reinvestigate disputes and purge derogatory data more than 7 years old.
COMPLIANCE
Comply with the Nacha Web Debit Rule
Assist in providing bank account authentication which is required under Nacha rules. We are recognized by Nacha as a preferred partner for payments and financial services.
MODEL AND ATTRIBUTE GOVERNANCE
TeleCheck Governance Process
TeleCheck Micro Indicators data attributes are subject to rigorous governance, focusing on data quality and relevance as well as appropriate documentation.
Tell Us Your Vision. We Can Build a Solution.
We will work with you to understand your business needs and show you how to best leverage our solutions to make your vision a reality.
Scalable Solutions for Modern Commerce
Turn payments into a competitive advantage. Our comprehensive portfolio of global, end-to-end solutions are designed to help you grow revenue, increase efficiency, and build customer loyalty.
Sources: 1. Consumer Finance Protection Bureau, “Who are the Credit Invisibles?” 2016. 2. FDIC, “National Survey of Unbanked and Underbanked Households” 2017. 3 Experian, “650 Credit Score, Is it Good or Bad?” 2020. 4. Experian, “Millennial Credit Scores Lag Behind Other Generations” 2020.