Forwarded message:
NEW CREDIT RATING SYSTEM ON HORIZON
graphic February 5, 1998 Web posted at: 2:38 p.m. EST (1938 GMT)
NEW YORK (AP) -- Within months, retailers will be able to use a new computerized credit-rating system to decide not only whether they'll take your check or debit card, but how big a check you can write.
Banks will be able to use the system to determine whether they will let you open a checking account, and what kind of fees you will pay.
Deluxe Corp., the nation's biggest check printer, has joined Fair, Isaac & Co., a credit scoring company, and Acxiom Corp., a data warehouse, to create the system for rating a merchant's risk of accepting checks and debit cards.
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