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To complement Teletrack’s existing charge-off, inquiry and open loan data reported from thousands of merchants across the country, Teletrack plans to integrate new consumer identification information in its databases. The information will authenticate Social Security number, address and contact phone number of consumers attempting to obtain a payday advance.

Teletrack announced these database enhancements, today, at the Community Financial Services Association of America (CFSA) annual conference in Hollywood, Florida.

"Teletrack has a long history of providing highly accurate information to help merchants to reduce losses and increase net profits. Teletrack is proactive and always strives to exceed industry standards for security," said Rich Alterman, vice president, Teletrack. "Bankruptcy records, landlord/tenant court records and Office of Foreign Asset Control (OFAC) compliance solutions are just a few examples of how we have recently enhanced our data offerings. The addition of new consumer information files demonstrates Teletrack’s commitment to accuracy."

Teletrack will improve inquiry matching by comparing sub-prime service inquiry information, to an additional 290 million consumer records. The integration of this information will be completed in May 2005.

"As payday lending has become more mainstream, it is logical to conclude that application fraud will become an issue lenders will need to focus on," Alterman said. "Teletrack’s core data, in conjunction with the consumer identification file, will allow the development and delivery of a more robust verification process. Patriot Act compliance and the increase of identity theft are making consumer verification more important than ever."

Founded in 1989, Teletrack gathers records from merchants across the country who interact daily with sub-prime consumers. Teletrack differs from other consumer information sources by providing unique information that is not available anywhere else. Teletrack is a wholly owned subsidiary of The First American Corporation, the nation’s leading data provider.

For additional information, please visit the company’s website at www.teletrack.com.