This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Experian And FedBid Provide Government And Commercial Buyers With Indicators Of Seller Business Health

COSTA MESA, Calif., March 29, 2012 /PRNewswire/ -- Experian® today announced that it is working with FedBid®, a multi-billion dollar online marketplace, to provide government and commercial buyers with access to thorough and accurate business credit information that will allow them to further vet and verify the contractors and suppliers that bid on the FedBid marketplace.

"Each year, government agencies disburse billions of dollars to outside contractors and suppliers. To reduce fraud, waste and abuse in spending, procurement personnel must have a non-biased method to quickly and accurately assess the business health and responsibility of contractors and suppliers," said Allen Anderson, president of Experian's Business Information Services. "Through our BizCheck badge, we are able to provide an immediate, real-time display summarizing the information in our business database that will help agencies utilizing the FedBid online marketplace to quickly determine if a prospective seller checks out as a financially reliable company."

How it worksGovernment agencies will see one of three Experian BizCheck badges next to a business' listing on the FedBid site. These badges provide a quick look at the credit health of the contractor or supplier by a showing a green, yellow or red check mark.
  • Green – signals that the business has been validated by Experian's business database and does not have any active liens, judgments, or major credit issues.
  • Yellow – indicates that there are some questions found in Experian's records about the company, and it may need further evaluation.
  • Red – identifies a business as having multiple public record filings or credit concerns identified by Experian, and further evaluation is recommended.

Comprehensive commercial dataAgencies can click on the badge and access Experian's SmartBusinessReports.com website to instantly purchase a detailed business credit report on that contractor or supplier.

This information is driven by Experian's commercial database, which provides comprehensive third-party verified information on 99.9 percent of all U.S. companies. This data also works with Experian's referential matching system that combines all variations of a company's name, address and associated data into one record providing a high match rate for FedBid's database of contractors and suppliers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs