Innovis
| Company type | Subsidiary |
|---|---|
| Industry | Credit reporting, Financial services |
| Predecessor | ACB Services, Consumers Credit Associates (CCA) |
| Founded | 1970 |
| Fate | Acquired by CBC Companies in 1999 |
| Headquarters | Columbus , United States |
Area served | United States |
Key people | Bruce Nixon (President) |
| Products | Identity verification, Fraud prevention, Credit data provision, Receivables management, Consumer credit reports |
| Parent | CBC Companies |
Innovis operates as the credit reporting branch within CBC Companies and ranks as the fourth largest consumer credit reporting agency in the United States, trailing behind the leading trio: Experian, TransUnion, and Equifax. Based in Columbus, Ohio, Innovis delivers a range of services including identity verification, fraud prevention, credit data provision, and receivables management.
Although a subsidiary under CBC Companies, Innovis is specifically named by companies reporting debt activity, such as Verizon, or collectively referenced as reporting to "all four credit agencies."
Company history
The origins of Innovis trace back to 1970 when it was established as ACB Services by Associated Credit Bureaus (ACB).
In 1989, the company underwent acquisition and was renamed Consumers Credit Associates (CCA). Subsequently, First Data Corporation acquired CCA in 1997 and rebranded it as Innovis, Inc. Two years later, in 1999, CBC Companies took ownership of Innovis.
Despite being under the same corporate umbrella, Innovis operates separately from CBCInnovis, which merged with mortgage credit-reporting firm Factual Data in 2019.
Products
- Identity verification
- Receivables management
- Fraud and identity theft protection
- Consumer Reports
Credit reports
Innovis issues credit reports that include personal details and credit histories, mainly utilized for pre-approved marketing campaigns and by wireless service providers. Unlike the primary credit bureaus, these reports do not feature credit scores. Additionally, Innovis compiles alternative credit information such as rent payments, subscriptions to magazines, and utility bill records.
FailSafe Fraud Suite
Under the leadership of President Bruce Nixon, Innovis created the FailSafe Fraud Suite, which utilizes multi-tiered authentication to identify unusual behavior patterns, enhancing fraud prevention measures.