See the credit invisible
Assess, manage, and help reduce risk impact while authorizing 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
Alternative Credit Data impacts:
- Credit application approvals
- Loan amount, price, and terms
- Management of existing accounts
- Existing evaluation processes
- Collection activities
Create a single customer view with near-term data
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 drivers' 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
The value of Alternative Credit Data
63M
Number of underbanked U.S. 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 U.S. population score 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
Powerful, comprehensive solutions
Understanding and scoring the full scope of a consumer's behavior helps create a more precise picture of early risk and opportunity indicators compared to traditional scoring. Access account accuracy and status using bank information, allowing Nacha compliance.
Confidence Score
Confidence Score
Returns a score from 1 to 1000, indicating a measure of consumer payments behavior.
Micro Indicators
Micro Indicators
Returns a customized set of attributes, including counts, amounts, and dates of various information.
Account Validation
Account Validation
Returns a score indicating TeleCheck’s view of any bank information presented such as “Account Closed” or “Administrative Returns.”
Select up to 150 valuable data points
TeleCheck Micro Indicators enable a deep dive into elements that predict credit risk and consumer ability as well as 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
Tell us your vision and we'll bring the 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.
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.
