Teletrack is the one of the largest consumer reporting agencies serving non-traditional credit markets.

Loan Origination and Servicing software specialist, icenet has entered into an integration arrangement with Teletrack UK.

Teletrack UK Ltd. and its US affiliate Teletrack, Inc. are both subsidiaries of First Advantage Corporation (NASDAQ:FADV), and offer customers a broad suite of leading edge credit and fraud risk solutions designed to meet the requirements of non-traditional lenders, including payday advance, installment loan and mail order companies.

Teletrack launched the UK's first credit reference agency dedicated to non-traditional consumer credit in 2007 (see story) and is a leading provider of rental-application screening information services to the rent-to-own industry.

Richard Carter, director with icenet said, "Partnering with Teletrack UK enables us to optimize our own plans of serving the emerging UK payday advance and existing installment lending markets. Teletrack's position as the most established and largest credit reference agency serving these markets in the US makes them an ideal integration partner as we seek to meet the needs of new market entrants from the US, many of whom are existing Teletrack clients in that market."

"icenet's end-to-end solution and strong presence in the non-prime and niche lending markets complements Teletrack's current and target customer base," said Dale Williams, managing director of Teletrack UK and president of its US affiliate, Teletrack Inc. "icenet is a complete system that is designed to streamline and automate application processing and loan servicing. icenet's focus on providing comprehensive solutions dovetails with Teletrack's commitment to deliver targeted, non-traditional credit history and leading edge anti-fraud and consumer authentication solutions in combination with extensive credit performance information from the broader UK credit market."

Expansion into non-traditional credit markets is increasing in the UK, with both the introduction of new products from traditional lenders and entry by US based companies offering short-term, alternative lending products.

"Teletrack's experience in the US, as the one of the largest consumer reporting agency serving the non-traditional credit markets, coupled with the company's technical expertise and established UK business relationships makes Teletrack the ideal partner to serve the unique needs of icenet's clients," said Williams.