Traditional credit scores help lenders evaluate if an applicant has the capacity to pay, not if they intend to pay. This visibility gap costs Canadian telcos in device financing fraud, and contributes to the more than $440 million in potential hidden credit card losses experienced in the financial sector.*
Payment Intent Score from Equifax Canada is a high-precision model built using explainable AI that helps lenders identify accounts at higher risk of ‘never-pay’ fraud before losses occur.
Key Benefits & Capabilities
Real-Time Scoring: Delivers a dynamic 1–999 risk score that can be appended to the Equifax credit report provided to organizations, or delivered via API as a standalone score (higher score = higher risk).
Precision Targeting: Targets device fraud by flagging applicants likely to miss two consecutive payments in four months. Flags credit card applicants likely to miss three payments within six months.
Streamlined Experience: Helps reduce manual reviews and preserve legitimate sales while mitigating losses from never-pay fraud at origination.
Help protect your business from unrecoverable losses with Payment Intent Score.
*Source: Equifax credit card data as of September 2025, based on total 90+ DPD balances.
