TransUnion Offers Special Pricing on Products and Services to Affected Hurricane Areas.CHICAGO -- TransUnion, a leading global information solutions company, today announced several actions it has taken to help businesses and government agencies respond to victims of the recent hurricanes along the Gulf Coast. These new initiatives are in addition to TransUnion's consumer educational efforts and the special designated toll-free number (877-680-7275) it set up last month. Following are a summary of the most recent actions TransUnion has taken: --Authentication Services: TransUnion will offer its authentication service free of charge through the remainder of 2005 to the Federal Emergency Management Agency The Federal Emergency Management Agency (FEMA) is the federal agency responsible for coordinating emergency planning, preparedness, risk reduction, response, and recovery. The agency works closely with state and local governments by funding emergency programs and providing technical (FEMA FEMA, n.pr See Federal Emergency Management Agency. ) as well as all levels of state government agencies in Alabama Louisiana, Mississippi and Texas. TransUnion's authentication process, which is part of its comprehensive suite of fraud and identity management solutions, can verify a person's identity without the use of paper forms of identification that could have been lost or destroyed during the disaster. This will ensure government-issued monetary aid gets to the right person in their time of need. TransUnion's authentication approach is consistent with guidance provided by the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. (OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). ), Federal Reserve, Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. (FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ) and Office of Thrift Supervision The Office of Thrift Supervision (OTS) was established as a bureau of the Treasury Department in August 1989 as part of a major Reorganization Plan of the thrift regulatory structure mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (12 U.S.C.A. OTS See Office of Thrift Supervision. . Please contact Tim Keller at tkeller@transunion.com for additional information. --Healthcare Assistance: TransUnion will offer a limited version of its Healthcare Revenue Cycle Platform free of charge through the end of the year to hospital and medical institutions in the hurricane-affected counties in Alabama The U.S. state of Alabama is comprised of sixty-seven counties. The oldest and newest counties in Alabama are Washington County (created June 4, 1800) and Houston County (created February 9, 1903), respectively. , Louisiana, Mississippi and Texas who are not currently using the technology. TransUnion's Revenue Cycle Platform is a tool for the healthcare industry that provides information on applicable financial assistance programs to hospitals and their patients at the time of medical treatment. The Web-based program helps to correctly identify self-pay patients who are eligible for discount, charity care, Medicaid, SCHIP SCHIP State Children's Health Insurance Program (State Children's Health Insurance Program) and other public assistance programs and then facilitates the process. Special discount pricing also is available on the standard version of the Healthcare Revenue Cycle Platform offers through the end of the year. Please contact Geoff Hakel at ghakel@transunion for additional information. --Real Estate Underwriting: TransUnion Settlement Solutions, TransUnion's real estate subsidiary, has modified its proprietary automated valuation model (AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there ), Collateral Market Value (CMV), to assist mortgage lenders when dealing with properties in the hurricane-affected areas, as well as future FEMA-declared disaster areas. The CMV report will now contain a warning message indicating that a subject property is in a hurricane-affected area. As expected, the confidence score for CMV will be adjusted to account for the uncertainty and volatility of local markets. These two modifications work in conjunction with TransUnion ePolicy(R), an automated product decisioning tool that can be tailored to lending institutions' policy changes and natural disasters when it comes to their underwriting guidelines. Please contact Bruce Schulkins at Bschulk@transunion.com for additional information. "TransUnion believes in helping people get the credit they deserve and is committed to assisting hurricane victims maintain good credit health," said David Emery, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "At a time like this, leveraging our resources, technology, expertise and information to quickly respond to consumers and those that serve them is a priority and the right thing to do." For more information about TransUnion's hurricane relief efforts and educational materials, log onto www.transunion.com. About TransUnion TransUnion is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers a broad range of financial products and services that enable customers to manage risk and capitalize on market opportunities. The company uses leading-edge technology coupled with extensive analytical capabilities to combat fraud and facilitate credit transactions between businesses and consumers across multiple markets. Founded in 1968, Chicago-based TransUnion employs 4,100 associates that support clients in more than 30 countries. Visit us at TransUnion.com. Graphics and/or photographs to accompany this release can be obtained by members of the media by contacting Jason Nierman (jnierma@transunion.com) at 312-985-3059 or Cliff O'Neal (coneal@transunion.com) at 312-985-2540. |
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