One-Stop Lender Solution to Accessing Credit Information

SKOKIE, Ill.--(April 30, 2010)-PayNet, Inc., a premier provider of risk management tools and market insight to the commercial lending market, announces a new benefit to streamline the credit decisioning process by providing full nationwide capabilities for Legal Name identification from Secretaries of State.

With this expanded capability, PayNet searches the information from all Secretaries of State across the entire U.S. using all variations of business name in the PayNet database; reducing the chance of missing filings in locations that the lender may not have known to search.

"We understand how important it is to have the correct Legal Name as filed with the Secretaries of State for the businesses lenders are financing," states Greg Jaros, Chief Information Officer, PayNet, Inc.  "PayNet's Legal Name broad United States coverage will clearly increase the quality of their documentation to ultimately reduce costs, increase accuracy and provide additional information about the borrower," notes Jaros.

PayNet's Credit History Report (CHR) currently provides lenders a comprehensive view of applicants needed to make their critical credit decisions, all in one report. In addition to Legal Name verification across the nation, lenders also have access to comparable Term Debt Payment History plus UCC Filings as well as Bankruptcies, Liens and Judgments matched into one credit view of a borrower/applicant.

PayNet Inc. is the premier provider of risk management tools and market insight to the commercial credit industry, collecting real-time loan information from more than 200 leading U.S. lenders and turning it into actionable intelligence. The company's proprietary database -- updated weekly -- is the richest and largest collection of commercial loans and leases, encompassing more than 17 million current and historic contracts worth over $740 billion. Using state-of-the-art analytics, PayNet converts raw data into real-time market intelligence and predictive information that subscribing lenders use to manage risk, lower operating costs, originate more loans and improve their business strategy. The company is based in Skokie, Illinois.  For more information, visit www.paynetonline.com.

EDITOR'S NOTE: Delaware Secretary of State provides limited information with the result that PayNet Legal Name provides approximately one-third of Delaware's incorporation listings.