CHICAGO--(BUSINESS WIRE)--SubscriberWise®, a leading provider of analytics-driven subscriber decision management technology and the nation's largest issuing consumer reporting agency for the communications industry, announced today that the company has confirmed higher score ranges with the newest FICO 9 score. The latest scoring technology is designed to bypass paid collections and to treat medical collections less adversely than non-medial collections. The analysis follows a 10 day performance period of SubscriberWise’s award winning decision management technology. The analysis included 100 percent of the credit decisions with FICO Score 9.
SubscriberWise was the first organization in the nation to integrate FICO Score 9 for consumer originations. The first consumer initiated payment transaction that included FICO Score 9 was processed on Friday, November 21, 2014, one day after FICO announced availability at TransUnion. An Ohio man confirmed to have only medical collection accounts adversely impacting his FICO scores obtained a dramatic boost with the new scoring technology (http://www.prweb.com/releases/FICO9/SubscriberWise/prweb12346792.htm).
“Yesterday, I submitted a request at TransUnion to integrate the FICO 9 model for more than 40 SubscriberWise member operators across this nation,” said Howe. “I’ve also directed SubscriberWise’s chief systems engineer to authenticate system-wide software updates immediately following TransUnion’s confirmation of live production. I expect by week’s end that we’ll be fully integrated with FICO 9.
"The data is confirmed and the scores are unequivocally more equitable for consumers who are otherwise unfairly impacted by medical collections,” concluded Howe. “I’m optimistic that others will follow our lead and integrate this new scoring technology quickly. The credit consuming population – and the national economy – shouldn’t have to wait a moment longer.”
About SubscriberWise
SubscriberWise® launched as the first U.S. issuing consumer reporting agency exclusively for the cable industry in 2006. In 2009, SubscriberWise and TransUnion announced a joint marketing agreement for the benefit of America's independent cable operators. Today SubscriberWise is a risk management preferred-solutions provider for the National Cable Television Cooperative.
SubscriberWise contributions to the communications industry are today quantified in the tens of millions of dollars annually.
SubscriberWise is a U.S.A. federally registered trademark of the SubscriberWise Limited Liability Co.
