Consumer Intelligence

Credit History

Your business could be at risk if you haven't checked out a customers credit history. A quick credit check on a business or an individual could save your business from losing hundreds or even thousands of dollars in bad debt.  A credit check can give you information on a customer's credit history and might signal alarm bells if a customer is defaulting on credit elsewhere or may be at risk of becoming insolvent. 

Consumer Monitor Alert

Alerts will help you to track your customers' credit activities. This service lets you monitor and proactively manage  changes in your customer's credit status, rather than reacting to them when it may be too late.  In today's tightening economic climate, it's critical you retain your most profitable portfolio - the cost and time involved is substantially less than trying to acquire a new, profitable customer base. 

Electronic White Pages

This service is designed to assist you to trace your customers and verify contact details as part of your credit checking process.

The Telecom White pages database is updated daily and holds over 1.4 million business and residential listings. You can use this service to trace your customers or verify their details. 

Household Postal Address Update

This service is designed to help you to search for your customers' new addresses.

Stay in touch with your customers after they move. An estimated 15% of household addresses change each year.

It is important to stay in contact with customers who move house through access to NZ Post's mail redirection information. 

Mail Filter

Mail Filter is a service applied to 3rd party data to be used for acquisition purposes and in conjunction with an offer of credit.

Mail Filter enables credit providers to target prospects who are less likely to be declined for credit reasons and less likely to be an unacceptable ongoing credit risk. 

VedaTrace

Use this service to access and benefit from our constantly updated customer address database to track down debtors and late payers.

Keep your customer database accurate. Every year, about 15% of individuals change address, and a significant number of these don't inform our clients. It can be time consuming and costly to locate them. 

Debt Recovery Score

Improve the effectiveness of your debt collection processes with the new Debt Recovery Score from Veda Advantage. DRS is a statistical model that can help you to implement more effective collections strategies by ranking a portfolio according to the likelihood the debtor will repay. 

Driver Licence Verification

This service gives you a cost-effective tool to confirm an individual's driver licence details instantly. Confirm the person's identity. This check helps you confirm that the customer you are dealing with is the person they say they are. Identity fraud represents an increasing challenge for New Zealand businesses, making the need to verify the identity of your potential customer even more important. This can help reduce your exposure to fraud and future bad debt. 

Licence Check

This service gives you immediate access to the New Zealand Transport Agency (NZTA) database. It can give accurate, up to date information to vehicle financiers who want to assess the creditworthiness of prospective customers. Check your customer's driver profile. Reduce your potential exposure to fraud and future bad debt by obtaining a more detailed picture of your customer and their driver profile.