FACTORTRUST PARTNERS WITH ECASH SOFTWARE ON PROPRIETARY DATA, SCORES

ATLANTA—FactorTrust®, The Alternative Credit Bureau™, announced today an enhanced partnership with eCash Software, a leading software solutions company for small lending institutions, in delivering integrated proprietary data and scores to its lending customers.

FactorTrust’s proprietary database of underbanked and near-prime consumers (those with credit scores of 700 or below) has more than 250 million transactional data records collected in real time. eCash previously implemented FactorTrust’s Military Lending Act (MLA) solution in its verification processes, and is now fully integrating this real-time data across its entire platform. In addition, eCash is also incorporating FactorTrust’s risk-scoring capabilities, further strengthening eCash customers’ ability to more effectively evaluate the creditworthiness of their consumers.

“Lenders are continually faced with the challenge of how to effectively and intelligently manage risk in this market,” said FactorTrust CEO Greg Rable. “By partnering with us, eCash benefits from the analysis of loan performance data we gather daily on millions of underbanked consumers. This not only provides their lender customers with instant lending decisions, but also gives consumers the credit they deserve.”

“Our continued, enhanced partnership with FactorTrust means more value to our customers in finding and doing business with the right consumers,” said eCash Software CEO Scott Putnam. “FactorTrust’s expertise in understanding this market has proven extremely beneficial over the years and our partnership is certainly an asset we pass on to our existing and potential customers.”

FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about consumers.

July 18-19