Making the right credit decisions and understanding the sustainability of a business requires the right kind of data. Historically, that included business data, firmographics, and credit history, but that doesn't always reflect the true revenue and cash flow of a business. The addition of Commercial Merchant Data helps solve that challenge by combining traditional credit data with the payments and transaction data of a business to create a more complete credit history.
Commercial Merchant Data
The addition of Commercial Merchant Data provides a more complete picture of a business and is the quickest way to determine if a business or merchant is active. With up to 60 months of transaction history you can recognize a lift in scoring businesses with limited trades or firmographic only data.
Equifax is committed to creating better tools for the commercial credit market. Learning how to better leverage our commercial credit data is important in making better decisions. Equifax commercial data includes more than 67 million businesses and over 185 million commercial contracts — representing more than $6.6 trillion in obligations and over 5 million merchant records.
Key Benefits
Understand merchants
Leverage past performance to establish industry and market benchmarking.
Assess future sustainability
Evaluate business performance and trends to determine potential revenue and cash flow.
Gain visibility into fraud and failure
Identify potential fraud indicators including increased declines and chargebacks.