SOURCE: eCredit

May 22, 2006 10:00 ET

eCredit Sets New Standards for Credit and Collections ASP Security

Dual SAS 70 and IBM Credentials Designate eCredit as the Most Trusted, Reliable Hosted Solution for Accounts Receivable Management

DEDHAM, MA -- (MARKET WIRE) -- May 22, 2006 -- eCredit, the leading provider of online solutions for credit and collections professionals, today announced that it has received high marks for security in IBM Global Security Services' Vulnerability Assessment and that it has also received the Statement on Auditing Standards No.70 (SAS 70) Type 1 Service Auditors Report for its internal controls surrounding eCredit Enterprise and Professional Editions and eCredit Industry Focus Reports. This dual accreditation makes eCredit the only solutions provider in the market to achieve this designation.

The IBM report, designed to help identify IT security risks, contains the following assessment: "IBM consultants were unable to exploit the web applications in an attempt to gain unauthorized access, gather information from underlying databases, or escalate privileges from regular user to administrator. eCredit seems to be doing a more than adequate job of protecting their Internet-facing web environment from external attack."

The SAS 70 audit was conducted by Vitale, Caturano & Company Ltd. based on standards developed by the American Institute of Certified Public Accountants (AICPA). It stands as an authoritative, independent confirmation of the security and integrity of eCredit control objectives and control activities and affirms the company's reputation as a trusted provider of credit and collections management solutions.

"As organizations continue to realize the low-complexity and high business value of hosted solutions such as eCredit, they must also balance the need to maintain the utmost degree of protection for their data and applications," said Jeff Dickerson, eCredit President and CEO. "The IBM Vulnerability Assessment of eCredit and our SAS 70 audit separates us from the pack and demonstrates that we are doing everything possible to provide our customers with the most reliable, trustworthy ASP environment possible."

About eCredit

eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software supports the mission critical processes of granting credit, monitoring portfolio risk, and collecting accounts receivables. eCredit also offers a comprehensive industry specific credit reporting and scoring solution that includes tens of millions of trade experiences on millions of companies, developed as a result of 14 years of credit management leadership. With deep roots in the credit and collections community, eCredit has continually demonstrated results by helping companies reduce bad debt and DSO while improving productivity and lowering costs. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include AB Electrolux, American Airlines, Chevron, Cisco, Ferguson, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit www.ecredit.com.

eCredit.com and the eCredit.com logo are registered trademarks.

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