ChoicePoint Introduces DEBTOR Discovery and Signal IVS.Business Editors & High Tech Writers Credit Card Collection Conference LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev.--BUSINESS WIRE--Oct. 30, 2000-- Two New Information Products Provide Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Industry Real-Time Solutions for Locating Debtors and Verifying Identity Applicant Information ChoicePoint Inc. (NYSE NYSE See: New York Stock Exchange : CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) announced today at the Credit Card Collections Conference the launch of two new tools that provide financial service professionals a complete solution for reducing fraud, finding more debtors, recovering funds and raising portfolio profitability. DEBTOR Discovery(SM), a debtor locating product, and Signal IVS ivs - INRIA Videoconferencing System. A video-conferencing tool for the Internet based on the H.261 video compression standard. http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html. (SM) (Signal Identity Validation Service), an automated identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or product, are real-time solutions specifically developed to enhance the collection and applicant processes. Both products query ChoicePoint's 10.5 billion public records database, the largest commercially available repository of public records in the country, and offer access to on-line, off-line, system-to-system, and batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. . DEBTOR Discovery DEBTOR Discovery significantly reduces the number of accounts that are charged off to bad debt by increasing the ability to locate debtors while decreasing the search time. Using complex algorithms to link and cross-reference various sources of data, DEBTOR Discovery provides phone numbers and identifies relatives, assets and business affiliations to locate delinquent debtors. "DEBTOR Discovery tracks down debtors that other systems may miss," said Kimberly Bean, director of banking and financial services for ChoicePoint. "Its ability to deliver comprehensive, up-to-date information about an individual enables businesses to dedicate more time to talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to debtors rather than looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. them." DEBTOR Discovery, a browser-based system, accesses data in an easy point-and-click manner. In addition to the standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. interface, the product permits the searching and running of multiple reports simultaneously, as well as the ability to cut and paste To move an object from one location to another. When the operation is complete, there is nothing left in the original location. It may refer to relocating files from one folder to another or to relocating selected text or images from one document to another. information from the browser directly into other open documents. DEBTOR Discovery uses the same technology employed by law enforcement to locate criminals nationwide. In Beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the , the product gave one major collection department a 50 percent lift in actual right-party contact over competitive locator data - even on accounts over 150 days past due. And a national retailer experienced a 35 percent right-party contact rate, even after using multiple competitors and paying an outside collection agency. Signal IVS Complementing DEBTOR Discovery is Signal IVS, an on-line workflow automated identity verification product that verifies self-reported client information quickly and efficiently. The Signal IVS technology reduces the amount of time spent manually researching mismatches between applicant and credit bureau reported information. Its automated, robust data sources and flexible access helps businesses reduce risk and more efficiently manage business processes. "Signal IVS streamlines the identity verification application processing, reduces client acquisition costs and identifies misrepresented consumer information that may indicate fraud," said Bean. Using proprietary analytics, Signal IVS examines key elements of applicant reported information, such as name, address, and phone number. By cross-referencing the input data against ChoicePoint's data warehouse, Signal IVS identifies matches, discrepancies and near matches by returning a series of Yes/No flags on over 50 key indicators. These indicative flags give businesses the ability to easily integrate the Signal IVS solution directly into their legacy environment and provides them with flexibility in customizing business logic to meet their own unique requirements. Developed in conjunction with one of the largest credit card issuers in the nation, Signal IVS was able to validate applicant name matches for 50 percent of the addresses that would typically have required manual intervention. About ChoicePoint ChoicePoint is the leading provider of credential verification and identification services for making smarter decisions in today's fast paced world. The company serves the information needs of insurance, business, government and individual customers, including Fortune 1000 corporations, lenders and professional service providers, and federal, state and local governments. ChoicePoint is committed to the responsible use of information and the protection of personal privacy as fundamental planks of the Company's business model. ChoicePoint is a trademark and DEBTOR Discovery and Signal IVS are servicemarks of ChoicePoint Asset Company. |
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