Business Partners

Equipment Leasing and Financing Association

PayNet, Inc. is working under an exclusive endorsement from the Equipment Leasing and Financing Association (ELFA) to develop a payment information data repository (PayNet) to provide commercial equipment lessors better information for making credit decisions. The agreement calls for ELFA marketing support and visibility with the ELFA membership.

About the Equipment Leasing and Financing Association

Organized in 1961, the Equipment Leasing and Financing Association (ELFA) is the trade association representing financial services companies and manufacturers in the $521 billion equipment finance sector. ELFA’s diverse membership consists of independent leasing companies, banks, captives, financial services corporations, broker/packagers and investment banks, as well as service providers like accountants, consultants, equipment managers, executive recruiters, insurance companies, lawyers, publishers, and software providers. ELFA promotes the equipment lending industry as a major source of funds for capital investment in the U.S. Headquartered in Washington, D.C., ELFA is a national organization with more than 500 member companies. Visit ELFA at www.elfaonline.org.
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Experian Business Information Solutions

PayNet and Experian Business Information Solutions have partnered to create a comprehensive credit report for PayNet Members. This report consists of the PayNet’s proprietary Term Debt Data combined with Experian’s UCC and Public Record Filings. We call this report Credit History Report Plus.

Experian North America
With approximately 30 years of experience and more than 30,000 clients in North America, Experian combines unsurpassed data with the knowledge, expertise and creativity to help companies build successful relationships with their customers. Experian also provides U.S. consumers with the tools and services to help them understand, manage and protect their personal credit profiles.

Credit Services
Credit Services offers value-added solutions to help clients optimize their processes in targeting, acquiring, managing and maximizing interactions with their customers. These solutions enable clients to profitably grow customer relationships using Experian’s information assets and expertise in risk management and credit marketing. Many of Credit Services’ products and solutions are regulated by the Fair Credit Reporting Act, which protects consumers’ rights by limiting access to their credit reports.
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InfoCentricity

PayNet and InfoCentricity have partnered to develop industry specific credit scores for the commercial lending industry. This partnership’s first joint product is the Transportation Score which revolutionized both Class 8 and medium-duty truck and trailer lending. Developed jointly by InfoCentricity and PayNet and using the largest data pool of transportation loans and leases ever complied, this new score is not only empirically derived and statistically sound, but also a true credit professional’s score, looking at the factors and issues that experienced lenders know drive performance in the real world. This score incorporates other attributes beyond traditional delinquency data. For example, the score distinguishes between owner-operators and fleets and it makes a distinction between private fleets and for-hire fleets. Even further, just for example, the score knows that public utilities are less of a risk than food wholesalers, and that these, in turn, are less of a risk than debris haulers. The score also takes into account what type of equipment the applicant uses and in what proportion, as medium-duty and Class 8 operations have very different risk profiles. In addition the score considers applicant time in business and business size, as well as trends, both in originations (looking for rapid expansion) and in delinquency, considering delinquency now, delinquency recently, and delinquency ever.

About InfoCentricity

InfoCentricity provides software and analytic services to help companies turn information into intelligence, giving businesses the competitive edge they need to thrive in today’s economy. Founded in February 2000, InfoCentricity develops powerful, user-friendly, and cost-effective analytic software that specifically addresses the real-life challenges of today’s business intelligence professional. InfoCentricity helps businesses across all industries, including financial services, specialty retail, telecommunications, life sciences, and manufacturing, to sift through enormous amounts of information and derive meaningful insights – at the speed of business. Whether your organization is big or small, InfoCentricity has a solution that will help you get everything you can out of your data. Combine the power and speed of XENO with the human intelligence of InfoCentricity’s Analytic Services – and start making better decisions today! InfoCentricity is headquartered in Novato, California. www.infocentricity.com