Trycera has also commenced marketing, via its company website, a suite of financial services designed to help consumers improve their credit profile by reporting nontraditional and recurring payments to national credit reporting agencies. By reporting each payment, reporting agencies are able to generate a risk score for consumers who have ‘thin’ credit or no credit at all.
Ray Smith, president and CEO of Trycera, said: “We look forward to our company helping consumers actively manage their personal finances. The traditional credit system has excluded a significant number of consumers and as a result we are positioned to deliver much needed financial tools and services to those consumers.
“Our mission is to make every payment count by providing a branded financial tool that can facilitate payments, e-commerce and point of sale transactions, allow cardholders the benefits of a leading brand all while promoting awareness and education about personal finances.”
