If, after reading about these benefits, you agree, that RIT will benefit your customers please add your company’s name to our  waiting list. There is absolutely no obligation to become an interface member but it will decrease waiting time when memberships become available. Please note that membership applications will be extended to companies in the order they appear on our waiting lists. On behalf of RIT and your clients, thank you for your support.

We offer our apologies in advance for our rigorous qualifying process and very limited number of custom interfaces.  RIT reserves the right to discontinue any interface not in compliance with all RIT and legal requirements; see forthcoming agreement for details.

Benefits to Software Providers that Interface to our Repository:

• Compensation (a transaction fee on each report)*
• Competitive Advantage, Increased Profits and More Clients
• Help Deter Commoditization of Current Product
• Long-Term Strategic Benefits

            Also, Improved Customer Satisfaction With:

• More Profound Technological Relationship with Clients
• Improved Risk Mitigation and Faster Application Processing
• Protect Customers’ Client Lists and Their Clients’ Privacy

Compensation

     Compensation and the well being of their customers are the primary motivations for software providers to establish an RIT interface. Software interface members will receive a transaction fee for every report that is purchased by one of their clients for whom they are the primary RIT software interface member of record.* Transaction fees are earned when the report has been paid in full and the interface member is current with all financial and compliance issues. The intent of this fee is to compensate software providers for working in concert with RIT to develop and maintain an interface to process products and contribute data to our repository.

     RIT prefers to receive contributed data through interface members and is willing to pay for this service. Reports purchased via screening companies or directly from RIT can not be discounted by the transaction fee amount, it is exclusively for interface members.*

Competitive Advantage, Increased Profits & More Customers 

     Because the RIT report significantly improves all screening products, the competitive edge of being first to have an RIT interface will provide your clients and sales staff with the latest in industry innovations, thus increasing their confidence and performance resulting in more customers.  More important, RIT will only accept data transmitted though approved software interfaces via the web, increasing both dependence upon, and sales of, your software.

Help Deter Commoditization of Current Product 

     In the absence of innovation or technological advancements, over time software providers run the risk of their product becoming a commodity. Customers looking for a standardized product tend to seek out the lowest price, typically the largest company with the best economies of scale or the company with the least service. By introducing an enhancement such as an RIT interface, the software provider helps to avoid the commoditization of their product. The RIT report marks a significant advancement in the screening process and the practical and balanced use of past payment and behavior information.

Long-Term Strategic Benefits 

     If RIT had not developed a payment repository, one would eventually be developed by another company, most likely associated with a credit bureau or large screening company. Unfortunately, both would sell lists to your customers’ competitors, and a large screening company would use the data as a competitive edge against competitors, eventually resulting in a price increase to your clients.  Either scenario would likely involve additional negative consequences, including developing a strategic alliance with another software provider. RIT has no such affiliation nor will it ever.

     Directly or indirectly this other company would certainly sell your customers’ clients’ data over and over again to national marketing and collection companies.  Many of these firms target and inundate your customers’ clients with specific marketing to exploit them as much as possible.  Increased purchases will financially drain their ability to afford your customers’ product reducing your company sales as well.  Any solution other than RIT will undoubtedly be detrimental to both your company and your industry.  A preferred choice is obviously RIT; it’s lucrative, safe and universally beneficial to the industry and consumers.  Please see “About RIT”.

*See forthcoming software interface agreement for more details; some products may be exempt from transaction fees due to a free or near free price.