The Council on Information Sharing

Transcription

1 The Council on Information Sharing A Partnership Alliance Between the National Money Transmitters Association and the National Association of Credit Management 1

2 Why Share Data? For many years, every company has faced the risk of agent default, and faced it alone. Credit bureau reports are not enough. That is why transmitters must share agent credit information. 2

3 Why Share Data? The agent location is the industry's most vulnerable area, in more ways than one. The CIS allows licensed money transmitters to share information on agents in a responsible way, for the good of the industry as a whole. Society benefits as well. 3

4 Why Share Data? Now, transmitters no longer have to face this problem alone, in the dark. Information sharing is encouraged by Section 314 b of the Patriot Act. Data sharing is encouraged by regulators and law enforcement, to address multiple ills. 4

5 Why Share Data? This information sharing is allowed by the antitrust laws and protected by Section 314(b) of the Patriot Act. This will be the first tangible evidence that we are an industry that can regulate itself. 5

6 Who Does What? Administration Hosting Software Advisory - Promotion 6 NACM s professional management allows information to be exchanged without the risk of violating antitrust laws. The Creditworthy System is internetbased software designed to facilitate information sharing in a structured environment. The NMTA s role is to promote and facilitate the NACM, at least until such time as it has its own momentum.

7 The Creditworthy System Internet-based Advanced database environment Secure environment - login required Easy to use, excellent support Automated account monitoring Manual entry or bulk upload 7

8 The Creditworthy System Powerful search capabilities Powerful tools to de-duplicate and merge records Powerful admin programs Member participation reports 8

9 The CIS is among 25 other industry credit groups run by NACM Ohio and hosted by Creditworthy.com 9

10 Creditworthy Industry Credit Groups comprise over 35 groups, including groups from 8 NACM affiliates and 2 groups from Canada NACM Ohio NACM S Texas NACM San Diego NACM Colorado Canada Plastics Group NACM Connecticut NACM W PA NACM St. Louis FCIB Canada Raw Material Chemical 10

11 This is where you log-in 11

12 Users must agree to the group s anti-trust guidelines before entering the site. 12

13 Group Headquarters The starting point for all group activities. 13

14 Send an Alert Automatically sent to all members. 14

15 Send an Alert automatically sent to all members. Group Host: Group: Request By: Member: NACM The Council on Information Sharing (mailto: ) Submitted an alert(s) for: Customer: #3 DBA Houston, TX Alert(s): Owner/Mgmt Change Not Paying NSF Check(s) To view the list of current alerts for this IICG please go to the CreditWorthy web site at: 15

16 Alerts Alerts are maintained for 30 days and are displayed on the Credit Report 16

17 Alerts Alerts are maintained for 30 days and are displayed on the Credit Report 17

18 Trade Experience Request 18

19 Trade Experience Request 19

20 Trade Experience Request Hello Group Member, ( Received) A request for trade experience has been submitted by the above member. If you have experience on the listed customer, please submit it as soon as possible. Use the following process: 1. Login to Credit Club: 2. Enter the Group 3. From the Group Headquarters page, click on 'Trade Experience'. 4. At the Trade Experience Page, check off the name of the customer and click 'Submit Experience'. 5. Enter your experience on the form provided and click 'Submit'. You can view the experience submitted from the Trade Experience Page by clicking on one of the 'View' options. Thank you, NACM Group Host 20

21 Response to Request for Trade Experience 21

22 Meetings Meeting announcement, Submit list of names Report experience, View/print meeting results 22

23 Meetings Meetings take place in a structured, supervised environment 23

24 Please see For more information Thank you! 24