Enhanced customer insights help telecommunications, pay TV and utility companies manage risk in new and developing markets
Equifax (NYSE: EFX) announced that the National Consumer Telecom and Utilities Exchange, Inc. (NCTUE) has extended its Contractor Services Agreement with Equifax to support and manage the NCTUE database for another five years, through August, 2020. Under the agreement, Equifax will continue delivering NCTUE products and services, including member and non-member products such as: ADRS (Alternative Data Risk Score), XRS (Exchange Risk Score) and fraud solutions.
The Equifax-managed database helps telecommunications, pay TV and utility companies to manage their consumer credit risk by using the customer insights in the database to better evaluate potential exposure, such as the likelihood of timely payments. In turn, alternative scoring methods assess risk and help millions of unbanked and underbanked consumers in good financial standing to access credit services through telecommunications utility and pay TV payment histories.
The NCTUE is a consortium of over 70 member companies from the telecommunications, utilities and pay TV industries that serves as a credit data exchange service for its members. Holding over 400 million total accounts and 200 million consumer records, NCTUE provides information to its members regarding the credit risk of their current and potential customers.
Source: Equifax Press Release