Zoot Enterprises Announces Successful 2012
(PR Web Via Acquire Media NewsEdge) Bozeman, Mont. (PRWEB) January 30, 2013
Zoot, a global provider of advanced loan origination, account acquisition and credit risk management solutions, today announced several achievements in 2012. The company launched a new solution designed to assess and monitor merchant risk, received a patent for its test file modification tool and expanded partnerships that utilize Zoot technology to drive innovation.
“We are pleased to continue a positive trajectory of growth with both existing and new clients. As we move into 2013 we’re hiring for more than 20 new positions this month and anticipate additional growth throughout the year,” said Dennis Dixon, president of Zoot Enterprises. “One of Zoot’s core strengths is addressing industry gaps for our clients. In 2012 we developed solutions and expanded our partnerships to assist our clients with more efficient account opening, proactive risk management and increased customer satisfaction.”
Zoot launched zMerchantSM onboarding and risk monitoring solution in response to an industry need for realtime evaluation of new merchant applications by merchant acquirers, ISO’s and others seeking to establish new merchant accounts. The solution also proactively monitors merchant transactions and applies automated triggers to indicate risk of loss. zMerchant gives acquirers access to business and consumer credit data as well as alternative credit and fraud data, providing the flexibility to assess each merchant’s unique risk.
In August of 2012, the U.S. Patent and Trademark Office granted the issuance of U.S. Patent Number 8,239,757 for Zoot’s system and method for creating and modifying test data files used when testing the accuracy of a financial institution’s credit decisioning logic. The solution provides an efficient, accurate and automated process for improving banks’ testing procedures. Using this tool, software developers no longer need to spend countless hours creating and hand-editing test data files or rely on a volume test that might miss certain conditions.
Zoot enhanced its market offerings by combining the strengths of business partners with Zoot technology to create differentiated products. Acxiom® Corporation and Zoot developed an integrated real-time, online credit issuing solution that leverages Acxiom’s data and Zoot’s prescreen technology. Zoot and eVerge Group began to offer a fully integrated credit evaluation and customer relationship management solution. The solutions enhance the customer experience with personalized offers, contribute to higher offer acceptance rates, and decrease acquisition costs.
Additionally, the company maintained PCI Level 1 certification, SSAE16/SOC1, ISAE3402 international compliance and met the self-certification requirements established by the US Department of Commerce for both the U.S.-EU and U.S.-Swiss Safe Harbor frameworks. The Safe Harbor frameworks streamline the process for U.S. organizations to meet European standards for privacy protection. Zoot’s Safe Harbor certification assures its clients that the company is compliant with EU and Swiss privacy laws.
Bozeman, Mont.-based Zoot Enterprises, Inc. is a global provider of advanced loan origination, account acquisition, and credit risk management solutions. For more than 20 years the company’s innovative tools and services model has enabled Zoot clients to meet their exact business objectives and adapt quickly to seize market opportunities. Zoot’s rapid, high-volume processing environment has the capacity to process billions of transactions per year. Visit http://www.zootweb.com or call 406.556.7555 for more information. Zoot thought leaders are now featured on zootweb.com/blog.
Read the full story at http://www.prweb.com/releases/2013ZootEnterprises/012012Accomplishments/prweb10377118.htm
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