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.
Currently, equipment leasing and financing companies must rely on trade debt information and personal credit reports for extending long-term credit. The most relevant information, how a borrower is paying other long-term creditors, is not available to these lenders. As a result lenders often times make significant lending decisions without a full financial picture of the borrower. By aggregating critical payment history data, PayNet fulfills the primary need of helping members to make better credit decisions. Additional benefits include reduced information costs and greater access to credit for borrowers.
About the Equipment Leasing and Financing Association
Organized in 1961, the Equipment Leasing and Financing Association (ELFA) is a non-profit association that represents companies involved in the dynamic equipment lending industry to the business community, government and the media. 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 730 member companies and a staff of 27 professionals. At the close of 2006, the equipment finance market was estimated to be $600 billion. 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 CHR Plus.
Experian North America
With approximately 30 years of experience and more than 30,000 clients in North America, Experian combines our 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 our 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.
InfoCentricity
PayNet and InfoCentricity have partnered to develop industry specific credit scores to the commercial lending industry. This partnership's first joint product is the Transportation Score which is likely to revolutionize 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
LeaseTeam, Inc.
PayNet, Inc. is partnered with LeaseTeam, Inc. to develop software that can seamlessly extract the appropriate credit data from the LeasePlus accounting system for participants in the PayNet service. Working with LeaseTeam to deliver an extraction tool provides a zero cost, "plug and play" solution for LeasePlus users to participate in PayNet. Creating a universal extract also ensures accuracy of the data going into the PayNet database.
About LeaseTeam, Inc.
Incorporated in 1989, LeaseTeam, Inc. is the premier end-to-end software solution provider to the equipment finance industry. LeaseTeam's family of lease and loan accounting products offers an end-to-end software solution, pricing, proposal letters, credit applications, credit decision tools, documentation, funding, booking, servicing, and accounting. LeaseTeam is known for its stellar service and commitment to ongoing product investment.
LeaseTeam products are the software of choice for more than 250 equipment finance companies throughout North America. These clients want more than software applications - they demand integration, collaboration, and a software vendor capable of being a long-term business partner. They also expect top-notch support, consulting services, and ongoing research and development to ensure the future viability of the product they are implementing now. And LeaseTeam delivers! For further information, please contact a Business Development Manager or visit our Web site at www.leaseteam.com .
