Payment Intent Score
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Why Choose Payment Intent Score?
With first party fraud on the rise in Canada, organizations face increasing pressure to identify applicants with a higher likelihood of never paying — before losses occur. Manual fraud checks are time-consuming and can inadvertently slow down approvals for legitimate customers. Payment Intent Score delivers a single AI-driven score that can help telco and financial services companies identify potentially high-risk accounts during the application process. An analysis of one major Canadian telco company's data identified nearly 50% of potential 'never-pay' fraud in real time by focusing on the riskiest 10% of scores.*
The score supports businesses in two distinct markets:
- Telco: Flags applicants likely to miss two straight payments within the first four months of account opening.
- Revolving: Flags applicants likely to miss three payments within the first six months.
Help Prevent 'Never-Pay' Fraud Right at Origination
Payment Intent Score can help fraud managers separate accidental late payments from true intent to defraud, protecting credit limits and loan portfolios.
Device Loss in Telco
Help mitigate unrecoverable hardware loss at the point of sale by identifying customers who may be less likely to make a payment before the device leaves the store.
Fraud Exposure in Revolving Credit
Help protect credit limits and mitigate charge-offs from customers at a greater risk of committing fraud.
Understand Not Just Who Can Pay, But Who Is More Likely to Pay
Payment Intent Score uses AI technology to generate a real-time risk assessment score — ranging from 1–999 — appended to the Equifax credit report or delivered via API. The higher the score, the greater the risk.
Prevention Starts With Risk Assessment
Streamline your operations by better identifying applicants who are candidates for faster processing versus those who warrant a closer look.
Frequently Asked Questions
Related Resources
Reduce Loss Related to Fraud
Help stop fraud in real-time with an integrated suite of predictive tools and expert consulting designed to protect your profits and reputation.
* Equifax Canada study with a Tier 1 Canadian telecommunications provider.