August 31, 2007, Newsletter Issue #103: Transunion Credit Agency

Tip of the Week

According to the company website, TransUnion was founded in 1968. Its headquarters are located in Chicago, Illinois with operations in all 50 states and offices on 5 continents and in 24 countries. TransUnion highlights include that TransUnion opened the Fraud Victim Assistance Department, the nation's first dedicated unit to assist consumers with credit fraud. They designed and implemented the first automated tape-to-disc transfer system, replacing manual data-entry. TransUnion revolutionized the credit reporting industry with the first online information storage and retrieval data-processing system - the Credit Reporting On-line Network Utility System (CRONUS) and TransUnion was the first to implement the technology to enable accurate identity searches based on a person's nickname. The TransUnion credit bureau is a leading global provider of business intelligence services supported by more than 3600 employees worldwide. With technology-based intelligence products, including innovative credit decisioning and fraud prevention tools, advanced target marketing products, risk and profitability models and portfolio management, TransUnion enables businesses to manage financial risk and capitalize on market opportunities.

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