A real-time individual prescreening solution for pre-approved credit offers

To help retail banks optimize and increase transactor, savings and borrower penetration, and as a result, deepen their customer relationships and expand profitability, Equifax offers a Prescreen of One—a real-time prescreening solution for pre-approved credit offers. Prescreen of One provides a complete picture of a consumer’s financial capacity that helps expand services beyond the deposit account.The solution works by integrating market-leading credit and ability-to-pay insight within the existing interface used by retail banking sales associates. Overdraft protection, credit card, auto financing and HELOC offers are delivered to the same screen as the deposit account decision – seamlessly streamlining offers at the new accounts deck, call center or online.
Benefits
CreditSummary
Powerful data in real time
Identify new revenue opportunities beyond the point of sale with integrated, real-time access to comprehensive sources of information about income, lifestyles, employment and much more from the full suite of Equifax Retail Banking Solutions. Maximize the value of every new deposit account by ensuring your customer-facing associates can access fresh, relevant consumer credit scores and upgrade recommendations within your existing user interface.
CrossSell
Efficient Process=Profitability
With Prescreen of One, improved profitability, efficiency and return-on-investment are achieved by the lack of additional IT support required to sustain the solution, as it easily works within existing retail banking system technologies.
Key Features
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      Get integrated, real-time insights and recommendations at the point of sale for prescreen offers. Access decisioning information for demand deposit accounts (DDA) and prescreened offers for additional services in seconds.
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      Affordable, pre-packaged delivery options or complex multi-tiered strategies provide a simple and affordable process upgrade.
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      No additional re-keying of data is required, since it automatically leverages data used in the initial account setup to expedite and streamline the return of decisioning information and prescreened offers.

Use Cases
Prescreen of One is for businesses that want to:
  • Identify credit-worthy consumers with high potential lifetime value
  • Create highly-targeted campaigns by marketing to consumers that fit your prospect profile
  • Extend the right offers when consumers are ready to buy

Prescreen of One is for:
  • Banking & Lending, Auto, Communications, Insurance when making firm offers of credit or insurance to consumers
  • Director of Marketing, Credit & Risk Management, Compliance Officer, and Fraud Managers

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