LAS VEGAS, Dec. 16, 2010 /PRNewswire/ -- Today, DataX [www.DataXLtd.com], the industry-leading real-time credit reporting agency and data-verification provider, and TranDotCom [www.TranDotCom.info], a leader in automated short-term loan transaction processing, announced a partnership that will offer real-time decision-making support services through the industry's leading loan management software for short-term financial solutions.
"DataX is pleased to have partnered with TranDotCom, whose commitment to the needs of the consumer finance industry is unparalleled. This partnership leverages the synergy between our companies and allows TranDotCom's clients to obtain superior risk management solutions through the market leading loan-management system," said Nanette Leonard, Executive Vice President of Business Development at DataX.
DataX, FCRA-compliant credit reporting agency, 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. DataX provides a comprehensive suite of real-time credit reporting, data verification and authentication services that benefit financial institutions and private equity lenders.
Through this joint venture, lenders are able to deploy and manage underwriting strategies configured to isolate and reject high-risk consumers and potential fraudsters while simultaneously identifying the most profitable borrowers.
"Our partnership with DataX provides ample opportunities to better refine the industry's lending protocol," said Joe Fitzpatrick, CEO and Founder of TranDotCom. "Joining forces will undoubtedly deliver the technology solutions the creditors and financial institutions are looking for when trying to lower lending risk and increase profitability."
TranDotCom has been providing software solutions for the consumer finance industry since 2000. Its Loan Management System is a highly flexible web-based software solution that provides the tools needed to operate a successful consumer finance lending business. Further, TranDotCom recently announced its new Line of Credit product and enhanced Installment solution that enables lenders to offer a more flexible loan product that will appeal to a large group of consumers.
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 TranDotCom Solutions, LLC
TranDotCom Solutions is a leader in automated consumer finance transaction processing, providing a full range of consulting, software, support and transaction processing services which allow lenders to be more competitive and highly efficient. TranDotCom Solutions understands and specializes in all of the components of consumer finance lending including payday advance and line-of-credit products. TranDotCom pioneered the industry's first web-based transaction management system and has been processing transactions since 2000, supporting storefront and online lenders in the United States, Canada, and the United Kingdom. TranDotCom may be reached at 678-433-1200 or firstname.lastname@example.org.
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.