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    Commerce Solutions – Carat

    Create payment experiences that help drive more commerce

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    Secure commerce and optimize payment and payout strategies

    • Payment Methods
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    Innovate and streamline gift and payroll card programs

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Alternative Credit Data

More accurately gauge customer cash availability and financial outlook to help approve more customers, manage and reduce risk.

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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.

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  • Real Time Validation
  • Single Customer View
  • Comprehensive Solutions
  • Achieve Compliance
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Real Time Validation Means Better Outcomes

Alternative Credit Data Impacts:


Credit Application Approvals

Establishing Loan Amount, Price and Terms

Managing Existing Accounts

Supplementing Existing Evaluation Processes

Supplementing Collection Activities

 

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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.

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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.

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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.

Visit Getassistance.telecheck.com

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.

Learn About the Nacha Rule

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.

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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.

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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.

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  • Gift & Payroll Card Solutions
  • Incentives & Rewards Programs
  • Digital ACH
  • Credit Card Terminals & POS
  • B2B Enterprise Payments
  • Payment Facilitators & Marketplaces

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.

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© 2022 Fiserv, Inc. Fiserv is a registered trademark of Fiserv, Inc. All trademarks referenced here are the property of the respective owners. Merchant services provided by First Data Merchant Services LLC, a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA; Deutsche Bank AG, New York, NY; PNC Bank N.A., Pittsburgh, PA; MVB Bank, Fairmont, WV; and Pathward, N.A., Sioux Falls, SD.

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