Experian launches new collections product to help clients comply with changing regulatory environment
FirstSweepSM allows clients to identify a variety of accounts that need special handling, including bankruptcy and deceased
Las Vegas, Nev., Feb. 6, 2012 — Experian®, the leading global information services company, today launched FirstSweepSM, a comprehensive collections filtering product, at the 15th Annual DBA International Conference. FirstSweep is an affordable, standalone tool that helps collectors streamline workflow, reduce regulatory risk and decrease costs.
Experian’s FirstSweep provides clients with a flexible product that can be used as an initial step or throughout the account life cycle. Traditional solutions have forced collectors to seek out the information they need from multiple sources, often increasing their cost while decreasing efficiency.
“Our clients have been asking for new tools to help them operate their business efficiently and safely,” said David Ingram, senior marketing director, Consumer Information Services, Experian. “Experian’s FirstSweep offers a more accurate, up to date solution with a comprehensive view of the consumer in one place. The result is a tool that is poised to become the premier first step in every collector’s operational process.”
FirstSweep brings together a host of information available from Experian’s broad data assets, as well as information from the industry’s best providers to help collectors identify more sensitive accounts than ever before.
“In order to meet the increasing regulatory requirements on our business, we must obtain a wide variety of information about consumers. Having a tool that merges these data sources into one, allows us to operate our business more efficiently and reduce costs.” said Mike Cushing, executive vice president, business development, Fourscore Resource Capital and president, DBA International 2009-2010.
Benefits of FirstSweep include:
• The most complete set of information available from one tool within the industry
• Greater accuracy and data freshness than alternative sources
• Flexible integration with existing platforms and collection software
• Reduced risk of regulatory noncompliance
• Batch processing
• Monthly monitoring
Experian Public Relations
1 714 830 5192
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2011 was $4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.