Equifax and Exchange Solutions Partner to Help Financial Institutions, Telecommunications Companies Improve Sales Effectiveness
September 14 2009 - 11:20AM
PR Newswire (US)
New Solution Enables Increased Account Acquisition and
Cross-Selling with Greater ROI ATLANTA and BOSTON, Sept. 14
/PRNewswire-FirstCall/ -- Equifax Inc. (NYSE: EFX) and Exchange
Solutions, Inc. (ESI) have formed a partnership to deliver joint
solutions powered by ESI's innovative technology and Equifax's rich
data and analytic capabilities. These new solutions will enable
clients to more effectively engage in a two-way dialogue with their
customers to identify opportunities for attracting a greater share
of their customers' business. This new collaboration capability
will provide companies with a powerful new approach to account
origination and cross-selling that also better addresses the needs
of the customer. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO) "In these
challenging economic times, financial institutions and telcos must
find new ways to improve the customer experience and build stronger
relationships," said Dann Adams, President, Equifax Consumer
Information Solutions. "Our relationship with ESI provides these
companies with an innovative way to collaborate directly with their
customers to drive more profitable outcomes at every point of
interaction. This has the potential to transform the way businesses
and customers work together in financial services and many other
industries." The ESI customer-company collaboration platform
enables a personalized two-way exchange between customers and
businesses during interactions in web, call center or in-store
channels. ESI's web 2.0 platform includes software applications
called "exchange agents" that help the customer work with the
company to obtain special product and service benefits in return
for giving the company more of their business - ensuring a
"win-win" outcome. Financial institutions and telcos can use this
capability to help their customers qualify for preferred benefits
such as better pricing, service levels and loyalty incentives.
These benefits can be sourced by the various functional departments
within the client enterprise and/or from partner companies. The ESI
platform also provides the necessary account tracking, fulfillment
and settlement capabilities needed by the client to monitor,
administer and settle the exchange agreements formed during the
interaction with the customer. The new solution integrates ESI's
technology with Equifax's extensive data and leading credit risk
decisioning solution, InterConnect. Leveraging robust reporting and
business rules technology, InterConnect allows financial
institutions to easily edit and optimize business rules during a
company-customer interaction. For financial institutions faced with
rapidly changing market demands, this new class of solution gives
them the ability to: -- Accelerate account acquisition and increase
new business revenues -- Manage credit risk and cross-sell
decisions across multiple product lines -- Improve customer
satisfaction through an innovative new customer experience --
Achieve a competitive advantage through faster speed-to-market "We
look forward to bringing this powerful capability to the
marketplace," said Alan Grant, Chief Executive Officer, ESI. "The
performance improvement solutions we can deploy with Equifax will
help our clients increase the profit generated from each customer
interaction by engaging them in a way not possible before. This
solution will be of interest to companies seeking breakthrough
competitive advantages and new ways to improve customer
relationship profitability." ESI's innovative performance
improvement solution has garnered recognition from industry
influencers such as Gartner Research, which has called ESI a "cool
vendor" that "will catch the attention of innovative C-level
business executives." As part of their relationship, ESI and
Equifax plan to offer a range of pre-packaged performance
improvement solutions targeting key industries such as banking,
retail and telecommunications. For more information about the
Equifax and ESI relationship, visit http://www.equifax.com/ or
http://www.exchangesolutions.com/. About Equifax Inc.
(http://www.equifax.com/) Equifax empowers businesses and consumers
with information they can trust. A global leader in information
solutions, we leverage one of the largest sources of consumer and
commercial data, along with advanced analytics and proprietary
technology, to create customized insights that enrich both the
performance of businesses and the lives of consumers. With a strong
heritage of innovation and leadership, Equifax continuously
delivers innovative solutions with the highest integrity and
reliability. Businesses - large and small - rely on us for consumer
and business credit intelligence, portfolio management, fraud
detection, decisioning technology, marketing tools, and much more.
We empower individual consumers to manage their personal credit
information, protect their identity, and maximize their financial
well-being. Headquartered in Atlanta, Georgia, Equifax Inc.
operates in the U.S. and 14 other countries throughout North
America, Latin America and Europe. Equifax is a member of Standard
& Poor's (S&P) 500 Index. Our common stock is traded on the
New York Stock Exchange under the symbol EFX. About Exchange
Solutions, Inc. (http://www.exchangesolutions.com/) Exchange
Solutions, Inc. (ESI) is a leading provider of customer-company
collaboration solutions utilizing intelligent software agents.
Companies use the ESI GiveGet platform and "exchange agent"
deployment capabilities to enable customers and prospects who agree
to give more of their business to the company to get enhanced
product or service benefits in return. ESI's web 2.0 solution can
be used to identify win-win exchange agreements during
company-customer interactions in web, call center and in-store
channels. ESI's SaaS deployed platform provides companies with a
low risk, high return on investment way to drive significant
increases in channel sales productivity with minimal upfront
investment. ESI has offices in Boston, Massachusetts and Toronto,
Canada. http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
http://photoarchive.ap.org/ DATASOURCE: Equifax Inc. CONTACT:
Jennifer Costello, Equifax Inc., +1-404-885-8907, ; Dan Cornwell,
Exchange Solutions, Inc., +1-781-693-0316, Web Site:
http://www.equifax.com/
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