Skokie, IL, October 9, 2003 - PayNet announces the Collections Effectiveness Index ("CEI") available exclusively to Members of the PayNet service. CEI enables PayNet Members to evaluate the success of their collections efforts on their accounts relative to the entire industry. CEI provides the ability to perform attribution analysis whereby senior management can gauge whether credit delinquency is a result of poor underwriting or resulting from ineffective collections. Benefits of this capability to senior management include the ability to target resources where they need to be applied most, resulting in improved productivity.

This new capability for the industry will be unveiled to senior executives, credit/risk managers, rating agencies, institutional investors, and M&A professionals by Thomas Ware, SVP of PayNet, during the afternoon at this year’s ELA Annual Conference in San Diego on Monday October 13th.

CEI is available exclusively to Members of the PayNet service through the Custom Portfolio Benchmark report. To learn more about becoming a Member of PayNet please contact membership@paynetonline.com.