LexisNexis Risk Teams with Collection Agency ACT on Advanced Scoring Models

LexisNexis Risk & Information Analytics Group and Account Control Technology, Inc. (ACT) today announced a strategic alliance that will lead to enhanced collections solutions and improved debt recovery processes. The first phase of the alliance, currently underway, involves blending powerful LexisNexis’ analytics and breadth of data with the unique collections experience and insight of ACT.

“As an aggressive, growth-oriented company we are always looking for new ways to improve our recovery rates and client service,” said Don Taylor, president of ACT. “As a LexisNexis customer, we benefit from the quality of their analytics and wanted to find additional ways of leveraging their advanced technology. This alliance allows us to co-develop next-generation collections solutions while benefiting from the knowledge and expertise that both organizations have gained as leaders in collections technology.”

The new unique analytics solution combines LexisNexis debtor insight data with information and methodologies developed by ACT. The joint solution draws heavily upon the LexisNexis Risk & Information Analytics Group RecoverScore® solution, a scoring product that uses advanced data mining techniques to identify the most collectible accounts in a debt portfolio. Utilizing comprehensive public records, highly predictive non-credit data, and historical account-specific data, the RecoverScore solution helps collectors predict the likelihood of debt recovery as well as the quality of individual accounts.

“Through highly predictive analytic solutions such as the RecoverScore solution we have continually been able to help improve the recovery rates of countless collections agencies,” said Rob Fite, vice president of collection solutions for LexisNexis Risk & Information Analytics Group. “This alliance will enable us to further enhance our solutions while allowing us to gain valuable collections performance insight from one of the collections industry’s fastest-growing firms.”

In addition to the scoring model project, ACT will serve as a live test-bed for LexisNexis products, providing a steady stream of feedback on existing solutions and on those products with joint collaboration. In addition, LexisNexis will work with ACT to analyze and refine the company’s recovery processes.

Drawing on more than 30 years of experience in data management, LexisNexis Risk & Information Analytics Group provides analytics and strategy development; and relevant, current debtor information to increase recovery rates and limit legal liabilities. LexisNexis Collections Management Solutions offer collections professionals the following capabilities:

• Debtor Insight – Data & information Intelligence tools that combine data and logic to create a greater degree of debtor insight.

• Collections Analytic Tools – Solutions that allow firms to more effectively segment their portfolios and develop the most effective collections strategies to improve operations and better manage their debt portfolios.

• Collection Services – Services and capabilities to help enable key work flow processes for increased performance.

About ACT
Account Control Technology, Inc. was established in 1990 by integrating the extensive collections experience of its executive management team with the most innovative concepts, business practices and technology to become one of the most successful organizations in the collection industry. ACT ensures quality collection activity, maximum recovery and attentive client service by focusing its efforts on education related debt. The company is headquartered in Canoga Park, California, with Operations centers in Bakersfield, California and San Angelo, Texas. ACT is authorized or licensed to perform collections activities all 50 states and U.S. Trust territories.

About LexisNexis
LexisNexis® is a leading global provider of business information solutions to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK], LexisNexis serves customers in more than 100 countries with 13,000 employees worldwide.

About LexisNexis Risk & Information Analytics Group
LexisNexis Risk & Information Analytics Group is a natural extension of the core competencies and technologies proven in the LexisNexis online products from the past 30 years. The LexisNexis Risk & Information Analytics Group builds on the LexisNexis tradition as a trusted provider and custodian of quality information, and leverages new cutting-edge technology, unique data and advanced scoring analytics to create total solutions to address client needs.

LexisNexis Risk & Information Analytics Group is specifically designed to serve the multi-billion dollar risk information industry which is comprised of professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers, and other professionals.