Collection Recon

TransUnion Expands Offerings With Acquisition of Financial Healthcare Systems

Posted on 19. Oct, 2011 by Collections Recon.

CHICAGO, IL–(Marketwire – Oct 18, 2011) – TransUnion today announced it acquired Financial Healthcare Systems. The Denver-based company provides an Internet-based solution to the healthcare industry that informs patients about their out-of-pocket costs, in real-time, prior to treatment. The acquisition of Financial Healthcare Systems is in line with TransUnion’s strategy to accelerate growth within its existing businesses and diversify into new ones. Financial terms of the deal were not disclosed.

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TransUnion Study Finds One Out of Three Americans Do Not Save for Holiday Shopping Season

Posted on 05. Sep, 2011 by Collections Recon.

For many Americans, this is Back-to-School season, but for nearly all Americans who give gifts during the holidays, this should also be a time to start thinking about saving money now. Unfortunately, according to a new survey commission by TransUnion, nearly one third of Americans go into the holiday shopping season having not saved money for it, which could lead to starting 2012 with a major debt hangover and potentially harming their credit health.

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TransUnion Report Shows Credit Risk Declining for Sixth Straight Quarter; Driven by Fewer Delinquent Consumers and Lower Debt Levels

Posted on 31. Aug, 2011 by Collections Recon.

CHICAGO, IL, Aug 29, 2011 (MARKETWIRE via COMTEX) — TransUnion’s proprietary Credit Risk Index (CRI) declined for the sixth consecutive quarter as consumers continue to pay off their outstanding debt and maintain low delinquency levels on their credit obligations. Compared to one year ago, the 2Q2011 CRI for the U.S. decreased 1.9 percent to 121.22. The Credit Risk Index is benchmarked to 1998 consumer credit risk levels and measures changes in consumer credit risk within various market segments.

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Protecting Your Assets: TransUnion.ca Helps Consumers Protect Their Good Name Amidst Growing Concern of Identity Theft

Posted on 25. Aug, 2011 by Collections Recon.

New TransUnion.ca Study Finds More Than One in Three Canadians More Concerned of Identity Theft If you’ve ever been concerned about identity theft, you should know that you’re not alone. According to the Canadian Anti-Fraud Centre, more than 18,000 Canadians were affected by identity fraud in 2010 — an increase of nearly 22% from 2009′s [...]

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TransUnion “Pulse Poll” Reveals Untapped Opportunity in Hospital Point-of-Service Collections

Posted on 17. Aug, 2011 by Collections Recon.

According to a recent TransUnion Healthcare “pulse poll” distributed to more than 300 attendees of the Healthcare Financial Management Association’s (HFMA) Annual National Institute (ANI) conference, lack of preparedness and awareness on both sides of the payment equation are causing major challenges for point-of-service collections efforts.

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TransUnion Reports Second Quarter 2011 Results

Posted on 09. Aug, 2011 by Collections Recon.

TransUnion Corp (“TransUnion,” or the “Company”) today announced financial results for the quarter ended June 30, 2011. The Company reported revenue of $257.5 million for the second quarter, an increase of 8.5 percent compared to the second quarter of 2010. Of this increase, 1.4 percent was due to the impact of strengthening foreign currencies. Operating income was $60.5 million, an increase of 49.0 percent compared to the second quarter of 2010.(1) Net income from continuing operations attributable to TransUnion Corp. for the second quarter of 2011 was $23.2 million compared to a net loss of $27.0 million for the second quarter of 2010, an increase of $50.2 million. The increases to operating income and net income from continuing operations attributable to TransUnion Corp. were primarily due to expenses incurred in the second quarter of 2010 relating to the change in control transaction.(2)

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TransUnion: Consumers Made $72 Billion More in Credit Card Payments Than Purchases

Posted on 28. Jul, 2011 by Collections Recon.

Analysis Contradicts Belief That Balances Have Declined Primarily Because of Charge-Offs

CHICAGO, IL–(Marketwire – Jul 27, 2011) – A new TransUnion analysis found that consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010. This is in contrast to the belief that charge-offs (where creditors write off debt that they deem is uncollectable as a loss) were the primary driver of lower credit card balances.

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TransUnion Corp. to Announce Second Quarter Earnings

Posted on 25. Jul, 2011 by Collections Recon.

CHICAGO, IL–(Marketwire – Jul 20, 2011) – TransUnion Corp., a leading global provider of information and risk management solutions, will announce its financial results for the second quarter ended June 30, 2011, in a news release to be issued at the beginning of the day on Monday, August 8, 2011. The news release will be available on the Company’s website at http://www.transunion.com.

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TransUnion Selected by BlackRock Solutions(R) as Data Provider for Borrower Level Analysis of Its RMBS Portfolio

Posted on 21. Jun, 2011 by Collections Recon.

TransUnion announced today that its Consumer Risk Indicator solution has been selected by BlackRock Solutions® to provide deeper insight into mortgage portfolios for its clients. The solution, drawn from TransUnion’s anonymized credit data, is based on industry-leading, loan-level securities data from CoreLogic LoanPerformance.

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Navy Federal’s David A. Tillery Joins TransUnion’s Credit Union Advisory Board

Posted on 02. Jun, 2011 by Collections Recon.

VIENNA, Va., June 1, 2011 /PRNewswire-USNewswire/ — David A. Tillery, senior vice president at Navy Federal Credit Union, has been appointed to the TransUnion Credit Union Advisory Board.

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