Toronto, Canada - February 14, 2004: Portfolio Plus Software - Portfolio+ Inc. announces that it has begun delivery of its new instant credit bureau access capability. Equifax and Trans Union now support XML message-based access and response.
Portfolio Plus is the first banking software system to take advantage of XML instant access for full credit bureau reporting. This leading edge XML messaging technology uses Secure Sockets Layer (SSL) Protocol over an internet connection. SSL ensures that the credit bureau information being transmitted remains secure. This expertise enables more prompt, reliable and accurate delivery of service for the credit reports to financial institutions.
"To our knowledge we have the first implementation of this messaging capability which allows not only instant access to the full credit report including credit scores, but makes it available full time to better facilitate instant automated credit and loan approval as supported by Portfolio Plus", says G. Robert Leeming, Portfolio+ Inc. president.
This capability is available to all customers as an add-on "Plus" module for the Portfolio Plus suite of products.
Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.
Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.