04.10.2005 16:59:00
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LexisNexis Risk Management Engages With Better Business Bureau To Help Verify Validity Of Small Businesses; New Product Links Users To Better Business Bureau Reports On Companies
The relationship will enable Accurint Business users to linkdirectly to BBB reports when conducting due diligence on small andmedium-sized companies. The technology enables companies to quicklylocate, investigate and verify the validity of potential customers,vendors, contractors, partners and competitors. In doing so, users canresearch whether a particular company is a member of the BBB andobtain a BBB Reliability Report, which includes an analysis ofconsumer complaint activity or actions that might impact a company'scustomer relations, on any listed company (member or non-member).
"It is extremely important today to know who you are doingbusiness with," said Jim Swift, chief operating officer of LexisNexisRisk Management. "Accurint Business allows companies to quickly obtainreliable business intelligence that verifies the validity of smallerbusinesses. And by having access to BBB reports, our customers cantrust that they have an extra level of transparency on smallcompanies."
Accurint Business accesses thousands of data sources to verify acompany's existence and provides BBB membership and complaintinformation. Accurint Business also provides information about thecompany such as corporate filings, tax liens and civil judgments,bankruptcy filings, property ownership and people and other businessesconnected to that company.
"The small business community plays a vital role in feeding thenation's economic engine," said Charlie Underhill, senior vicepresident of the Council of Better Business Bureaus. "Throughresources such as Accurint Business, companies will now have quickaccess to trusted information on our members, as well as access to BBBReliability Reports on any non-member company for which the BBB hasinformation."
Established in 1912, the BBB is supported by over 375,000businesses that make up its North American membership. BBB membercompanies must adhere to strict standards, including supplyinginformation about the company's founding, its principals, location andcustomer service contact; agreeing to promptly respond in good faithto customer complaints and to adhere to BBB standards of advertisingand selling; and, fulfilling all licensing and bonding requirements.Through Accurint Business, companies can quickly verify BBB membershipor research the business's complaint history.
About Better Business Bureau
The BBB system is dedicated to fostering fair and honestrelationships between businesses and consumers, instilling consumerconfidence and contributing to an ethical business environment, inboth the traditional and online marketplaces. The first BBB wasfounded in 1912, and the network of BBBs and the Council of BetterBusiness Bureaus have grown to become the most recognized advocate forpromoting ethical business and advertising practices, providing morethan 60 million instances of service to consumers and businesses in2004. The BBBs Internet self-regulation program, BBBOnLine(http://bbbonline.org), helps consumers identify online merchants thatmeet BBB standards through its Reliability and Privacy "trustmark"programs, and the BBB Code of Online Business Practices. BetterBusiness Bureaus in the U.S. and Canada are supported by 375,000business members throughout North America.
About LexisNexis
LexisNexis(R) (www.lexisnexis.com) is a leader in comprehensiveand authoritative legal, news and business information and tailoredapplications. A member of Reed Elsevier Group plc (NYSE:ENL)(NYSE:RUK)(www.reedelsevier.com), the company does business in 100 countrieswith 13,000 employees worldwide. In addition to its flagship Web-basedLexis(R) and Nexis(R) research services, the company includes some ofthe world's most respected legal publishers such asMartindale-Hubbell, Matthew Bender, Butterworths, JurisClasseur,Abeledo-Perrot and Orac.
For more than 30 years, LexisNexis has been a pioneer in securedata sharing, information policy, and personal privacy. Through itsrisk management flagship products, Accurint(R), Banko(R), RiskWise(R),and PeopleWise(R), LexisNexis helps to locate people and assets,authenticate identity, enable commerce, conduct background screening,and support national security initiatives. Customers include almostevery Federal Government agency, the top 100 law firms, and Fortune500 companies in the fields of national security, financial services,collection and recovery, insurance, telecommunications, e-commerce andretail.
LexisNexis and the Knowledge Burst logo are registered trademarksand LexisNexis Risk Management is a trademark of Reed ElsevierProperties Inc., used under license. RiskWise is registered trademarkof LexisNexis Public Records Data Services Inc.. Banko is a registeredtrademark of LexisNexis Public Records Services Inc. Other products orservices may be trademarks or registered trademarks of theirrespective companies.
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