News Room

Clarity Services, Inc. Enhances Clear Bureau Lite™ to Help Lenders Make Better Underwriting Decisions

Press Release 03/04/2014

CLEARWATER, FL-March 4, 2014- Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces its enhancement of Clear Bureau Lite™.

A robust and cost effective product, Clear Bureau Lite™ arms lenders with multiple benchmarks and other variables to assess risk, and now allows providers the flexibility of choosing three different scores to help meet their underwriting needs.

“Our providers have expressed their interests in using the FICO score, so we listened to them and have made this happen,” said Lan Luangsouphom, director of product management at Clarity Services. “We are excited that we can now give our clients the ability to choose three scores from seven to [...]

By |Tuesday, March 4, 2014|News Room|0 Comments|

Clarity Services, Inc. Takes Identity Verification to the Next Level

Press Release 02/11/2014

CLEARWATER, FL – February 11, 2014 – Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces its newest product, Clear Location™.

A unique fraud detection tool, Clear Location™ compares addresses provided by an applicant during an online transaction against locations that can be captured by other methods. More specifically, Clear Location™ works by calculating the distances between the applicant’s home address, work address, IP address, and mobile phone location to identify anomalies.

“Clear Location™ takes identity verification to a whole new level,” said Lan Luangsouphom, director of product management at Clarity Services. “Now a fraudster can’t steal an identity from someone across the country or across [...]

By |Tuesday, February 11, 2014|News Room|0 Comments|

Clarity Services, Inc. Announces Fraud Signature Indicators, The Newest Technology in the Battle Against Fraud

Press Release 10/31/2013

CLEARWATER, FL – October 31, 2013 – Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces its newest tool in the fight against fraud, Fraud Signature Indicators.

Based on findings from Clarity’s fraud team, Fraud Signature Indicators identify loan applications that have the characteristics or “signature” of a known fraud perpetrator. Unlike traditional rules and models, these signatures are targeted to specific fraud patterns and behaviors, and are flexible enough to account for changes in the fraudster’s behavior, yet specific enough to minimize or eliminate false positives.

The indicators, which will be an addition to Clarity’s Clear Fraud™ report, will alert lenders if a current inquiry [...]

By |Thursday, October 31, 2013|News Room|0 Comments|

nonPrime101.com Helps Researchers and the Public Better Understand Non-Prime Consumers

Press Release 10/16/2013

CLEARWATER, FL – October 16, 2013 – Clarity Services, Inc., the leading credit bureau providing fraud detection and credit risk management solutions for Middle America, introduced nonPrime101.com in August 2013 to help provide access to research studies and articles focused solely on non-prime consumers.

“Clarity believes the first step in helping non-prime consumers is understanding their credit usage patterns,” said Tim Ranney, president of Clarity Services. “nonPrime101 provides empirical data that is not just insightful data, but valuable information.”

Downloadable articles and studies from Clarity’s independent research are updated regularly, along with a weekly blog, which features raw data, comments, and current independent projects that Clarity is working on.
To download documents, read the blog, or subscribe [...]

By |Wednesday, October 16, 2013|News Room|0 Comments|

Clarity’s New Clear Presentment™ Product Could Save Consumers an Estimated $115 Million a Year in NSF Fees

Press Release 8/12/2013

CLEARWATER, FL – August 12, 2013 – Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces its newest tool in the fight against fraud, Fraud Signature Indicators.

Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces performance results for its ACH pre-screening product, Clear Presentment™.

In the small dollar credit industry, the primary method of credit loan proceeds and debiting payments from consumers has been through the use of the Federal Reserve ACH network. Recently, banking regulators have grown increasingly concerned regarding the NSF return rate in the batches of ACH debit transactions being processed.

“It’s [...]

By |Monday, August 12, 2013|News Room|0 Comments|

Clarity Services Announces Clear Fraud™, The Next Generation of Fraud Products

Press Release 08/07/2013

CLEARWATER, FL – August 7, 2013 Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, announces its newest product, Clear Fraud™.

Clear Fraud™ is part of the next generation of fraud products from Clarity. Like its predecessor, Clear Subprime ID Fraud™, Clear Fraud™ goes beyond traditional identity verification to help lenders profile applicants that are unlikely to pay as a result of fraud.

“We are excited to offer our clients the new Clear Fraud™ product just in time for peak season. Its new score significantly outperforms both the Clear Subprime ID Fraud™ score as well as other general use fraud scores,” said Lyndi Mulder, director of product [...]

By |Wednesday, August 7, 2013|News Room|0 Comments|

ACH Presentment™ Will Help Lenders Reduce Failed ACH Pulls

Press Release 08/01/2013

CLEARWATER, FL – August 1, 2013 – Clarity Services, Inc., a real-time credit bureau providing fraud detection and credit risk management solutions for Middle America, will launch ACH Presentment™ to assist lenders in evaluating consumer accounts prior to an ACH pull and, in the process, lower NSF return rates.

“Clarity has anticipated the needs of lenders wanting to avoid ACH reject fees and the overhead associated with managing returns,” said Lyndi Mulder, director of product management at Clarity Services. “ACH Presentment™ will fulfill those needs, while also addressing a whole new set of emerging issues.”

Lenders have been challenged when processing payments in ensuring that their NSF return rates and other rates of return transactions fall within [...]

By |Thursday, August 1, 2013|News Room|0 Comments|

Clarity Services, Inc. Gives Providers Better Visibility on Applicants for Free

Press Release 05/06/2013

CLEARWATER, FL - May 6, 2013 – Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America consumers announces that its newest product, Clear Recent History™, is being made available at no-charge for storefront providers who contribute loan data to Clarity.

Clear Recent History™ is a preventative underwriting tool that helps providers identify and better understand credit usage patterns of non-prime consumers.

“There are a small percentage of cases where consumers take out more loans than they can handle,” said Tim Ranney, president of Clarity Services. “This tool helps small dollar credit providers identify consumers with challenging credit usage patterns, and helps providers determine when to make new loans [...]

By |Monday, May 6, 2013|News Room|0 Comments|

Clarity Services, Inc. Gives Lenders Three Credit Scores with Clear Bureau Lite™

Press Release 03/05/2013

CLEARWATER, FL – March 5, 2013 – Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America announces its newest product, Clear Bureau Lite™.

Clear Bureau Lite™ is a robust, yet cost effective, report that arms lenders with multiple benchmarks and other variables to assess creditworthiness.

“Clear Bureau Lite™ provides not one, but three, predictive credit scores to help lenders make better underwriting decisions. It also provides summary trade line information and narrows 1,000 credit attributes down to the 85 that are most predictive,” said Lyndi Mulder, director of product management at Clarity Services. “By eliminating superfluous data, Clear Bureau Lite™ helps lenders reduce costs and focus on [...]

By |Tuesday, March 5, 2013|News Room|0 Comments|

Clarity Services, Inc. Gives Lenders Better Visibility on their Applicants with Clear Recent History™

Press Release 02/26/2013

CLEARWATER, FL – February 26, 2013 Clarity Services, Inc., the leading real-time credit bureau providing fraud detection and credit risk management solutions for Middle America announces its newest product, Clear Recent History™.

Clear Recent History™ is a trade line report designed for brick and mortar payday lenders. The report provides key information about a consumer’s loan activity over the past 90 days, including inquiries, detailed trade line information, outstanding balances, past due amounts, collections and charge off activity, and more.

“Clear Recent History™ will do for storefront payday lenders what other Clarity products have been doing for the online payday space for years,” said Lyndi Mulder, director of product management at Clarity Services. “It will give lenders [...]

By |Tuesday, February 26, 2013|News Room|0 Comments|