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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
BOCA RATON, FL, October 04, 2005 - LexisNexis, a leading provider of legal, news and business information services, announced today a strategic relationship with the Better Business Bureau® (BBB) for Accurint® Business (www.accurintbusiness.com), an innovative information portal that provides reliable business intelligence on small-to-midsize businesses.
The relationship will enable Accurint Business users to link directly to BBB reports when conducting due diligence on small and medium-sized companies. The technology enables companies to quickly locate, investigate and verify the validity of potential customers, vendors, contractors, partners and competitors. In doing so, users can research whether a particular company is a member of the BBB and obtain a BBB Reliability Report, which includes an analysis of consumer complaint activity or actions that might impact a company’s customer relations, on any listed company (member or non-member).
"It is extremely important today to know who you are doing business with," said Jim Swift, chief operating officer of LexisNexis Risk Management. "Accurint Business allows companies to quickly obtain reliable business intelligence that verifies the validity of smaller businesses. And by having access to BBB reports, our customers can trust that they have an extra level of transparency on small companies."
Accurint Business accesses thousands of data sources to verify a company’s existence and provides BBB membership and complaint information. Accurint Business also provides information about the company such as corporate filings, tax liens and civil judgments, bankruptcy filings, property ownership and people and other businesses connected to that company.
"The small business community plays a vital role in feeding the nation’s economic engine," said Charlie Underhill, executive vice president of the Council of Better Business Bureaus. "Through resources such as Accurint Business, companies will now have quick access to trusted information on our members, as well as access to BBB Reliability Reports on any non-member company for which the BBB has information."
Established in 1912, the BBB is supported by over 375,000 businesses that make up its North American membership. BBB member companies must adhere to strict standards, including supplying information about the company’s founding, its principals, location and customer service contact; agreeing to promptly respond in good faith to customer complaints and to adhere to BBB standards of advertising and selling; and, fulfilling all licensing and bonding requirements. Through Accurint Business, companies can quickly verify BBB membership or research the business’s complaint history.
About Better Business Bureau
The BBB system is dedicated to fostering fair and honest relationships between businesses and consumers, instilling consumer confidence and contributing to an ethical business environment, in both the traditional and online marketplaces. The first BBB was founded in 1912, and the network of BBBs and the Council of Better Business Bureaus have grown to become the most recognized advocate for promoting ethical business and advertising practices, providing more than 60 million instances of service to consumers and businesses in 2004. The BBBs Internet self-regulation program, BBBOnLine (http://bbbonline.org), helps consumers identify online merchants that meet BBB standards through its Reliability and Privacy "trustmark" programs, and the BBB Code of Online Business Practices. Better Business Bureaus in the U.S. and Canada are supported by 375,000 business members throughout North America.
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leader in comprehensive and authoritative legal, news and business information and tailored applications. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), the company does business in 100 countries with 13,000 employees worldwide. In addition to its flagship Web-based Lexis® and Nexis® research services, the company includes some of the world’s most respected legal publishers such as Martindale-Hubbell, Matthew Bender, Butterworths, JurisClasseur, Abeledo-Perrot and Orac.
For more than 30 years, LexisNexis has been a pioneer in secure data sharing, information policy, and personal privacy. Through its risk management flagship products, Accurint®, Banko®, RiskWise®, and PeopleWise®, LexisNexis helps to locate people and assets, authenticate identity, enable commerce, conduct background screening, and support national security initiatives. Customers include almost every Federal Government agency, the top 100 law firms, and Fortune 500 companies in the fields of national security, financial services, collection and recovery, insurance, telecommunications, e-commerce and retail.
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