Payzone gets new opportunities with Experian

Payzone has announced its partnership with Experian, the global information services company, which will allow the company to use Experian’s Risk Report. Also under the signed agreement Payzone will be enabled to use Commercial Delphi, a highly predictive risk index, developed by Experian, owing to which the Payzone will be able to see the a picture on a business, online and in real time.. 

Use of both the Risk Report and Commercial Delphi will enable Payzone to obtain accurate risk scores for non-limited customers. Hence, the company will be able to achieve a three-fold increase in the number of smaller retailers that meet its company credit policies by basing its credit decisions on Experian’s blended consumer and commercial business data rather than commercial data alone. 

“By integrating consumer and business information we are able to give Payzone a far more accurate picture of risk and the wider business interests and track records of those behind a non-limited business. This predictive power is not only vital to show you who you shouldn’t do business with, as Payzone’s experience illustrates, it’s also crucial in showing you who you should be doing business with,” said Tony Pullen, Managing Director of Experian’s Business Information division. 

Source: AllPayNews