DataX Announces Partnership With EPIC Loan Systems

Joint Venture Provides Premium Lending Management Solution

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Feb 28, 2011, 08:00 ET

LAS VEGAS, Feb. 28, 2011 /PRNewswire/ -- Today, DataX [www.DataXLtd.com], the industry-leading real-time credit reporting agency and data-verification provider, and EPIC Loan Systems [www.EPICloansystems.com], one of the fastest growing loan management systems, announced a partnership that will provide turnkey solutions for lenders to process leads more effectively and mitigate risks through the industry's most comprehensive repository of information on non-prime borrowers.

"By bringing together EPIC's loan management systems and DataX's depth and breadth of data, our lenders now have access to additional resources which will continue to enhance their profitability and save them money with seamless integration for accurate real time lead evaluation," said Devon Cohen, President of EPIC Loan Systems.

The strategic partnership between DataX and EPIC provides integrated solutions to help lenders identify the most profitable borrowers, while simultaneously deploying and managing underwriting strategies configured to isolate and reject high-risk consumers and potential fraudsters.

EPIC Loan Systems' end-to-end solution for lenders processes leads and loans more effectively while automatically enabling lenders to monetize unused data. This loan management system was designed by successful veterans of the payday loan industry who understand the unique challenges that internet lenders face. EPIC offers its customers one of the most complete and integrated lead and loan management platforms in the industry.

"DataX continues to onboard new partners to provide clients with a full spectrum of solutions to, quite simply, decrease risk and increase profitability," said Nanette Leonard, Executive Vice President of Business Development at DataX. "Establishing these significant partnerships helps fine-tune the industry's best practices. Our company is elated to lead by example by managing risk proactively, safeguarding our clients' businesses and protecting customers from fraud."

As a Fair Credit Reporting Act (FCRA) compliant reporting agency, DataX approaches the non-prime borrowing segment with diligence toward responsible reporting and lending, while ensuring that lenders can accurately predict loan performance and proactively reduce charge-offs.

DataX specializes in developing industry leading risk analytics focused on the non-prime consumer. By leveraging the most advanced credit reporting in the market, its proven approach to fraud and risk management solutions extends well beyond any other resource.

About DataX, Ltd.

DataX, Ltd., a Selling Source, LLC company, specializes in developing industry leading risk analytics focused on positive decisioning. With the most advanced Credit Reporting bureau in the market, the DataX approach to fraud and risk management solutions goes beyond any other. Armed with this data intelligence, lenders can boost profitability through smarter decisions. For more information, visit www.DataXLtd.com.

About EPIC Loan Systems

EPIC Loan Systems was created by highly-experienced payday industry lenders who recognized the need for better, more efficient system technologies that could meet the rigors of today's more demanding economic, regulatory and online-based market challenges. The company is led and managed by an independent team of executives with more than 75 years of combined financial industry management experience. EPIC's end-to-end technological solutions have set a new standard for automating industry best practices and maximizing payday lender operational profitability. With a large team of full time developers and support staff in-house, EPIC is well equipped to ensure every client leading-edge systems performance and best-in-class service. For more information, please visit www.EPICloansystems.com or call 877-305-8742.

About Selling Source, LLC

Selling Source, LLC [www.SellingSource.com] is one of the largest integrated digital marketing companies in the United States. The company owns and operates branded web properties which generate significant organic traffic. It also provides extensive and customizable solutions to develop and manage brands, acquire consumers cost effectively and maximize return on investment for advertisers and publishers. Combining unparalleled consumer insight and media reach, Selling Source utilizes its industry-leading technology to offer scalable results in the areas of online and offline direct marketing, media buying, list management, data solutions, brand management, website solutions, search, display advertising, affiliate marketing and credit reporting. Selling Source is owned by London Bay Capital, a private equity firm based in San Francisco.

SOURCE DataX, Ltd.