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TransUnion Web Collect(SM) Adds New Layer of Efficiency When Recovering Debt

LAS VEGAS, NV--(Marketwire - February 9, 2010) - TransUnion introduced today at the Debt Buyers Association (DBA) International Annual Conference a new solution -- Web Collect(SM) -- to help collections departments and companies simplify collection payment efforts. Harnessing TransUnion's depth of decisioning technology and analysis, Web Collect is a complete and fully configurable, online debt payment solution developed to better streamline collections and recovery strategies.

As collections teams look for ways to get the most return on their investment, Web Collect adds a new layer of outreach and collection to reduce overhead costs and optimize the collections process. Web Collect emphasizes online collection methods, which can help lessen time and dollars spent with collection call centers, paper notifications and postage.

"Given the tight economic times, collections organizations and creditors understand the need to harness the power of decisioning technologies and apply it to the Web," said Scott Carter, group vice president in TransUnion's collections business unit. "With growing competition to retrieve debts, Web Collect does just that, providing another efficient collections channel."

Companies can use TransUnion's Web Collect with their existing company web site to provide ease of use for consumers in paying debt, offering multiple online payment options such as credit and debit cards, checking accounts, PayPal™ and Western Union/MoneyGram®. The solution provides a variety of instant activity reports and can quickly adjust collections strategies to get the most return on the dollar.

Collections organizations using the Web Collect solution are connected to TransUnion's data with more than 250 million records across the U.S. This data is available for adjusting revenue streams, collection strategies and content management.

"As consumers are leveraging the Internet for a variety of daily activities from shopping to banking to save time and money, collections organizations also see the need to move away from traditional, expensive collection channels to web solutions in order to produce stronger recovery results and to cut unnecessary expenses," said Dana Lynch, senior technical project manager in TransUnion's collections business unit. "With TransUnion's Web Collect, consumers have the convenience of using a configurable online payment method that fits best for them, while organizations can improve return results with little additional investment."

More information on Web Collect can be found at www.transunion.com/webcollect or by contacting Dana Lynch at dlynch@transunion.com or (812) 824-8202.

About TransUnion

As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents. www.transunion.com/collections

Contact: Dave Blumberg TransUnion E-mail: Email Contact Telephone: (312) 985-3059
Media Contacts

Consumer, Corporate and International

Clifton O'Neal
coneal@transunion.com

Credit Statistics, B2B and International

Dave Blumberg
 

 
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