DataRose Announces The EqualXchange Network for Credit & Collections Industry

Bailey, CO – DataRose®, LLC today formally announced the introduction of The EqualXchange Network™, a single source, web-delivered solution that facilitates data exchange between all of the many data and service providers – credit bureaus, skip tracers, letter vendors, etc. – and the each of the thousands of creditors, collection agencies and law firms they serve.

The EqualXchange Network offers its members the ability to seamlessly exchange data without having to write and maintain custom, one-off interfaces. The EqualXchange Network uses leading-edge technology and a library of interfaces to very quickly create data exchange processes that are more reliable, scalable, and cost effective.

The EqualXchange Network is the product of four years of planning and development by DataRose and relies on its proprietary data mapping and translation technology known as EqX. EqX programmatically translates the sender’s data into the receiver’s data format, enabling different software systems to communicate seamlessly as if they were the same software.

“The EqualXchange Network is literally changing the way the credit and collections industry operates,” says Jonathan Cleary, DataRose CEO. “This is an industry that relies heavily on the ability of all parties across the entire value chain to share data. Doing so has historically been a challenge, resulting in inefficiencies and higher costs. The EqualXchange Network gives the industry “plugand- play” data exchange compatibility. Now, it no longer matters that everyone uses different software.”

“Eliminating the data exchange problem is a huge gain for creditors, collection agencies, and vendors alike because it increases the entire market’s access to a greater number of vendor solutions, while reducing the workload of IT resources to deliver and receive those services,” said George Shand, DataRose VP of Sales and Business Development.

About DataRose
DataRose (www.datarose.com) is the leading provider of data exchange and business process automation services for the Credit & Collections industry. DataRose’s EqX Collect Connect service enables creditors, debt buyers, collection agencies and attorneys to seamlessly exchange account data and documents – without using interfaces. DataRose’s CallNow! solution increases right party contacts for call centers.