ATLANTA, July 24, 2020 /PRNewswire/ -- Equifax®
(NYSE: EFX) has increased its leadership in commercial credit data
solutions with the acquisition of Ansonia Credit Data (Ansonia), a
leading provider of business credit, collections, and account
receivable data used by financial institutions and other creditors
and businesses focused on the transportation and logistics
industries. Ansonia will be integrated into PayNet, an Equifax
company that provides credit and analytics on small and medium
enterprises (SMEs) as part of the Equifax United States Information
Solutions (USIS) business unit.
Ansonia has more than $1.3
trillion in accounts receivable data from major industries
across North America, a
highly-regarded data asset in the transportation, logistics, and
invoice factoring receivables markets. Ansonia data complements the
Equifax commercial databases of small business loans, leases, and
lines of credit; including the Equifax Commercial Financial Network
(CFN) and PayNet database, which provide lenders with deeper
insights to make more informed financing decisions.
"Small and mid-sized businesses are the lifeblood of the
American economy and they rely on ease of access to capital to keep
their businesses running," said Sid
Singh, president, Equifax USIS. "Integration of Ansonia into
the Equifax USIS business provides us with a rich source of
customized intelligence to meet the needs of capital providers who
extend credit to transportation and logistics companies. Smarter
insights lead to smarter decisions. We are committed to growing our
commercial solutions with unique differentiated data sets - from
alternative data sources to accounts receivables - to power the
decisions that help businesses across industries thrive."
Since launching in 2006, Ansonia has grown rapidly. Today,
Ansonia covers seven million businesses across more than 140
industries. Each day, the Ansonia global database completes updates
to 25 million accounts, worth more than $700
billion in trade accounts receivable data.
"Equifax and Ansonia are aligned on the critical role data plays
in powering the main street economy," said Tony Kinninger, Founder and President of
Ansonia. "Our integration into Equifax gives us the additional
resources and capabilities we need to further scale and innovate
for financing teams focused on the transportation and
logistics industry. This is a fast-paced sector that relies on the
real-time verified data we provide. This combination will help our
customers to grow, better support their clients, and improve
their ability to manage risk."
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As
a global data, analytics, and technology company, we play an
essential role in the global economy by helping financial
institutions, companies, employees, and government agencies make
critical decisions with greater confidence. Our unique blend of
differentiated data, analytics, and cloud technology drives
insights to power decisions to move people forward. Headquartered
in Atlanta and supported by more
than 11,000 employees worldwide, Equifax operates or has
investments in 25 countries in North
America, Central and South
America, Europe, and the
Asia Pacific region. For more
information, visit Equifax.com.
ABOUT PAYNET
PayNet, an Equifax company, is the leading provider of credit
ratings on small businesses enabling lenders to manage credit risk,
grow earning assets and operate credit processes at a lower cost.
PayNet maintains the largest proprietary database of small business
loans, leases and lines of credit encompassing over 24 million
contracts worth over $1.6 Trillion. Using state-of-the-art
analytics, PayNet converts raw data into real-time marketing
intelligence and predictive information that subscribing lenders
use to make informed small business financial decisions and improve
their business strategy. For more information,
visit www.PayNet.com.
ABOUT ANSONIA CREDIT DATA
Ansonia is your next-generation business credit and collections
solution offering decisioning tools and over $1.3 trillion in accounts receivable data
from major industries across North America. See why 200+
factoring companies and 70% of North American Truckload, LTL and
3PLs provide data to Ansonia and/or use our business credit and
collections decisioning tools. Now with Ansonia's Dashboard
Portfolio Monitoring Tool get new insights, quickly expose hidden
data, portfolio histories, view trends, metrics and industry
comparisons. Integrations with the largest factoring software
providers allow factors to seamlessly pull and review Ansonia
Credit Reports without changing platforms as well as ease of data
submission to receive discounted report pricing. Your collections
process can take advantage of greater efficiency with Ansonia's
SaaS products to improve cash flow, lower labor costs and receive
early detection of rejected or short-pay invoices in third party
payment portals. No annual fee or long-term contracts — just
quality data and credit and collections intelligence you can
afford. For more information about Ansonia, please call 855-ANSONIA
(267-6642). Also, visit our website, like us on Facebook and
follow us on Twitter.
FOR MORE INFORMATION
Kate Walker for Equifax USIS
mediainquiries@equifax.com
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SOURCE Equifax Inc.