CoreLogic Credco Enters Merchant Services Market with OneCheck

Media Contact

David Woodruff
Media Relations
619-938-6809
drwoodruff@corelogic.com

June 14, 2010, Poway, Calif. –

—New Merchant Services Division Delivers the Industry’s First Instant Merchant Prequalification Solution—

CoreLogic Credco, the nation’s leading provider of merged credit reporting solutions to the mortgage industry and a division of CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information, analytics and services, announced the introduction of OneCheck, a suite of merchant verification and risk mitigation products, through its newly established merchant services division.

OneCheck is the industry’s most flexible and competitively priced suite of merchant verification solutions available. It instantly collects, sorts and combines hundreds of decisioning data elements into an easy-to-read comprehensive report – all in a single transaction. The result is a consolidated one-source solution for fast, reliable risk mitigation and merchant prequalification. OneCheck was introduced at the Electronic Transaction Association (ETA) Annual Meeting & Expo in April and was formally launched in May at the MasterCard Global Risk Management Conference held in Orlando, Florida.

“With more than 5 decades of leadership as the number one provider of merged credit reports to the mortgage and automotive industries, the opportunity to serve the merchant markets was a very natural segue,” said Kathy Manzione, president of CoreLogic Credco. “We are pleased to provide the first automated instant merchant prequalification solution in the marketplace by one of the most flexible, scalable and customizable web-based technology platforms in the industry.”

Credco’s new merchant services division, with its ability to leverage existing partnerships with data providers and the national credit bureaus, delivers both instant and fully customizable merchant verification solutions at price points that aggressively compete in the industry.

The OneCheck Suite includes QuickCheck, an instant, real-time merchant prequalification solution, and FullCheck, an expanded set of business and applicant verification solutions. The suite is delivered through the OneCheck platform, a state-of-the-art framework technology that leverages real-time consumer and business information and Credco’s industry expertise to serve the unique demands of the merchant services market.

Features of the OneCheck platform include:

  •  Web-based Platform: The platform is a 100% web-based, fully adaptable interface that delivers a highly intuitive user experience.
  •  Enhanced Built-in Functionality: The platform provides a wide range of user-friendly formats and reports, as well as management and billing tools to streamline workflow processes.
  •  Customized Design: Output can be customized and integrated to suit specific workflow and merchant approval processes.

About CoreLogic Credco

Tracing its history over 50 years, CoreLogic Credco is the nation’s number one provider of merged and specialized credit reports, processing over 90 million credit and related transactions annually. With access to one of the world’s largest consumer and business databases, CoreLogic Credco leads the mortgage; automotive; bankruptcy; merchant services; recreational vehicle; marine and other specialty credit and retail markets with a broad range of advanced business information solutions designed to reduce risk and improve business performance.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest U.S. real estate, mortgage application, fraud, and loan performance databases and is a leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information visit www.corelogic.com.

CoreLogic and Credco are registered trademarks of CoreLogic, Inc. OneCheck is a trademark of CoreLogic, Inc.