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.
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.
Gain additional insights into the financial activities of consumers.2
Identify those with active bank accounts and history of successful transactions.1
Find the best within the lower-scoring segments. Effectively manage accounts.3
Millennials use credit differently than older populations. Understand their activity.4
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.
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.
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
TeleCheck is regulated as a consumer reporting agency under the FCRA. TeleCheck maintains policies and procedures which are designed to help consumers with filing report disclosures and purging derogatory data more than 7 years old. Visit getassistance.telecheck.com ›
Comply with the Nacha Web Debit Rule
Assist in providing bank account authorization, which is required under Nacha rules. We are recognized by Nacha as a preferred partner for Compliance, Risk, and Fraud Prevention with a focus on Payments and Financial Services.
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.