How can credit reports help?

The aim is to detect fraud attempts or customers with poor credit ratings in good time. Credit reports provide the necessary information for this, especially for new customers for whom no experience is available.

Payment disruptions can be countered by a classic credit check. Because if a person has already attracted negative attention, negative features can most likely be found in the database of a credit agency. Suitable measures in these cases are, for example. Security deposits or, in e-commerce, the exclusion of open payment methods. A quick check is particularly important in e-commerce. With our credit check online and in real time, you can check customers during the checkout.

In addition to checking for negative features, special attention should be paid to the existence of the persons to be queried in order to detect attempted fraud. Because whenever the existence of a person cannot be confirmed, the greatest caution should be applied and, in case of doubt, the secure payment methods should be insisted on! The address and identity verification components that some databases can provide are used for this purpose. Some address checks also include an automated correction of address data so that deliberate or accidental incorrect entries cannot impair the quality of the credit check.

Of course, payment disruptions can also occur with customers who do not yet have any negative entries. Conversely, there are people who have attracted negative attention in the past, but who are now among the “good payers”. Here, for example, within the credit check a scoring can help, which calculates statistical failure probabilities in order to distinguish between the “bad among the good” and the “good among the bad”. Other useful queries are account checks, (credit) card checks or GeoIP.

Basically, the more information there is, the more security!

Why do credit checks with creditPass?

The big problem with the credit check is that the negative features, address and identification information etc. are distributed to different providers, the so-called credit agencies (Schufa, CRIF, Creditrefrom Boniversum etc.) or some checks, such as account checks, are not available from all providers .

Therefore, creditPass enables a check based on a modular principle, ie all relevant checks from all renowned providers can be obtained online and in real time via just one interface and individually combined for each process.

In addition to the Online query mask enables creditPass direct connection an automated credit check with self-configurable logics, with which the optimal query combination is triggered in each case. Depending on the query results and other parameters (e.g. value of goods), the desired decision is then automatically generated (e.g. exclusion of open payment methods). The query sequence takes place online and in real time, so that the test, for example, can run in the background of an online order.

The aim of a credit check is the optimum between a) high turnover, b) low defaults and c) low additional costs. If your own system always had to be changed and new interfaces implemented for optimization, the additional costs would not be justifiable. With creditPass®, on the other hand, optimization through to fine adjustment can be done flexibly at any time. The same applies to malfunctions or maintenance work by a single credit agency. With creditPass® you can fall back on another provider as a makeshift or for an economic comparison.

• All renowned providers of personal information in Germany such as SCHUFA, CRIF, Creditreform Boniversum, infoscore and KSV1870 for Austria and Orell Füssli for Switzerland available
• International company information
• All other relevant query types such as Account checks and address verification
• Individual and flexible query and decision logics
• Information in seconds
• Available 24 hours a day – 365 days a year
• Basically no minimum sales and no minimum term
• Easy and quick integration across a wide range of Interfaces