Innovis

Innovis is the credit reporting division of CBC Companies and is considered the fourth largest consumer credit reporting agency in the United States, behind the “big three” Experian, TransUnion, and Equifax. Based in Columbus, Ohio, the company offers services like fraud protection, credit information, identity verification, and receivables management. [1][2]

Innovis
Private
IndustryCredit bureau
Founded1970 (1970)
HeadquartersColumbus, Ohio, United States
Area served
United States
ParentCBC Companies
WebsiteOfficial website Edit this at Wikidata

Innovis is a subsidiary of CBC Companies, but companies that report debt activity, such as Verizon, refer to the company by the name "Innovis", or simply state that they report to "all four credit agencies".[3]

Company history

Innovis began as ACB Services, founded by Associated Credit Bureaus (ACB) in 1970.[4]

In 1989, ACB Services was purchased and renamed Consumers Credit Associates (CCA). First Data Corporation purchased CCA and renamed it Innovis, Inc. in 1997. Most recently, CBC Companies purchased Innovis, Inc. in 1999.[5][6]

Although they have the same parent company, Innovis is different than CBCInnovis, which merged with mortgage credit-reporting agency, Factual Data, in 2019.[7][8]

Products

Credit reports

The company's credit reports contain your personal information and credit history.[2] It does not include your credit score.[2] Their reports are most often used for pre-screened marketing offers.[2] Their services are also used by cell phone service providers.[2]

Innovis also collects non-traditional credit information like rent payments, magazine subscriptions and utility bills.[10]

FailSafe Fraud Suite

Under the direction of Bruce Nixon, president of Innovis, the company launched the FailSafe Fraud Suite, which provides multi-layer authentication that works to identify abnormal patterns of behavior in an effort to fight fraud.[11]

References
  1. Cain, Sarah (2018-06-27). "What is Your Innovis Credit Report and Why Should You Care?". SuperMoney!. Retrieved 2021-08-25.
  2. Company, Tradeline Supply; LLC. "The Surprising History of the Credit Bureaus". Retrieved 2021-10-29.
  3. Source: Customer service at Verizon's Credit Reporting Department, Phone number 1-877-325-5156
  4. "CBC Innovis - the 4th National Credit Bureau?". www.creditreporting.com. Retrieved 2021-08-25.
  5. "About Innovis".
  6. "Innovis | CBC Innovis | 4th Credit Bureau | Innovis Credit Report". Credit Firm. Retrieved 2021-08-25.
  7. "Innovis vs. CBCInnovis: Get the Facts About the Fourth Credit Bureau - Credit Info Center". Credit Info Center Blog. 2017-05-16. Retrieved 2021-09-14.
  8. "CBCInnovis merges with Factual Data". www.mpamag.com. Retrieved 2021-09-14.
  9. Sabatini, Patricia. "In the wake of Equifax, there's a fourth credit bureau you might want to contact". chicagotribune.com. Retrieved 2021-10-29.
  10. "6 Small Credit Bureaus You Never Knew Existed". The Balance. Retrieved 2021-10-29.
  11. "Innovis". Digital Matrix Systems. Retrieved 2021-08-30.
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