FactorTrust and Answers, Etc. Partner to Provide Integrated Risk Scoring and Software Solutions for Alternative Financial Solution Providers.

May 12, 2008
Source: FactorTrust.com

MARIETTA, GA and FORT WORTH, TX, May 12, 2008 – FactorTrust, Inc., a leading Credit Reporting Agency (CRA) and provider of consumer risk management and identity verification services for Alternative Financial Services providers serving the under-banked consumer market, and Answers, etc., a leading provider of hardware and software solutions designed to service any financial service client, today announced a strategic partnership to provide alternative financial services providers an integrated solution for loan management and consumer risk management services.

The integration of FactorTrust's LendProtect solution and Answers, etc.'s, financial services software solutions will be available to clients in the payday loan, installment loan, buy here/pay here auto lending, and other financial service sectors. The integration will provide clients a seamless, single source solution for loan management and consumer risk assessment.

“We view Answers, etc. as not only a market leader but also as one of the industry's most sophisticated providers of loan management software and hardware. Therefore, this partnership is of great value to FactorTrust from both a tactical and strategic standpoint” said Greg Rable, FactorTrust CEO.

“Answers, etc. is committed to delivering our clients best-in-class services that will maximize their profitability. Our partnership with FactorTrust enables our clients to leverage FactorTrust's expertise and predictive analytics without requiring additional interfaces or change to their current systems “said Scott Merritt, Answers, etc., President.

About FactorTrust:

FactorTrust is a leading Credit Reporting Agency (CRA) and provider of consumer risk management and identity verification services for Alternative Financial Services providers serving the under-banked consumer market. FactorTrust's LendProtect solution effectively predicts risk by combining consumer credit data with public record, and alternative data sources to provide a comprehensive view of each consumer's credit history and identity. FactorTrust's industry leading position and rapid growth are attributable to the quality of our service, our focus on serving our customers and the belief that our ultimate success is directly tied to the success of our clients.

For more information, visit www.factortrust.com

About Answers, etc.:

Answers, etc. is dedicated to the demands of the financial services industry. Since 1989, Answers has developed check cashing and payday advance software tailored to the needs of various financial service providers including check-cashing stores, payday lenders, banks, grocery stores, and convenience stores. Today, with over 6,000 teller stations currently in place across the U.S., Canada, and Europe, Answers has become a leader in this competitive market. Answers' PowerCheck32 software serves as a point-of-sale for processing check cashing, payday advances, lottery tickets, phone cards, stamps, etc. while our hardware provides the robust multi-user network environment needed to run financial service centers seamlessly. With a well-trained and dedicated staff of technicians and programmers, Answers is geared toward total customer support to allow business owners to focus on growth of their operations.

For more information, visit www.answersetc.com