FICO survey finds consumer fears tied to bank fraud and identity fraud
Aug 30, 2017 Philip Burgess
By helping to reduce the overall rate of these incidents, ID Verify can ultimately boost consumer confidence and make them more likely to seek out consumer credit options.
Bitcoin may not be best for the underbanked
Aug 25, 2017 Philip Burgess
Bitcoin was once viewed as the perfect option for unbanked and underbanked consumers, many of whom have invisible credit. Increasing transaction fees call that assumption into question.
Alternative credit aids the underbanked
Aug 23, 2017 Philip Burgess
Using alternative credit checks allows retailers and businesses to more confidently provide credit to the underbanked and tap into this huge potential market.
Fannie Mae and Freddie Mac required to use alternate credit under new legislation
Aug 21, 2017 Philip Burgess
A new Senate bill would obligate government-sponsored enterprises Fannie Mae and Freddie Mac to accept alternative credit scores.
Increasing processing precision for same-day ACH payments
Jul 31, 2017 Philip Burgess
Microbilt's payment processing services have a risk verification database that identifies and reduces possible unauthorized and administrative returns for same-day ACH.