Equifax improves credit application processing

New system is aimed at reducing transaction costs and increasing scalability

Equifax avoided costly upgrades by improving its credit application processing cycles

Credit reference agency Equifax has rolled out a new system to transfer daily credit application processing cycles from its mainframe to servers.

Benefits introduced by the UniKix system include the capping of variable mainframe processing charges on a main credit scoring application, which allows predictable cost-per-transaction rates and avoided upgrade-related costs.

Daily transaction volumes on Equifax’s credit scoring system range from 500 to 1,100 million instructions per second, so the system also needed to accommodate expected increase in demand.

“It was critical to implement a solution that would allow processes to continue on the mainframe while improving our cost-per-transaction rates,” said Andy Cooper, vice president of enterprise infrastructure and operations at Equifax.

“The strong compatibility between UniKix and mainframe technology allows us to maintain a single source code base for both platforms and offload variable processing cycles with no impact on developers or users.”

The system was provided by Clerity Solutions.