Advantages

The Problem: Currently, with debt ownership there is no reliable, industry or global standard to verify title to debt, no centralized title tracking system, and the only recourse is often the courts.

• Lack of verifiable ownership due to simultaneous sale to multiple entities
• Difficulty verifying key account info such as guarantor demographic info, balances, milestone dates, contract terms, service level, and media availability
• Sensitive account data is commonly transferred between entities in an unsecure manner leaving data vulnerable to compromise and potential fraud due to key data changes
• Document requests on average take 90 days to fulfill for downstream owners

The concept is simple, you wouldn't buy a house or a car without a clean title. The financial industry is realizing that the same principal is a common sense solution for the Card and ARM industries.

The solution for the debt buying industry is based upon a proven model: centralized recordkeeping for debt sale and purchase, a standardized format for verifying chain of title, and generation of a business record that the buyer can use to document account level ownership.

The Solution: Account-Level Chain of Title Verification. Global Debt Registry has a proven account-level chain of title verification platform. From registration to sale, GDR's process creates a portfolio wide and account-specific centralized chain of title that can be used by debt owners to legally establish ownership and validity of account level data in a request for validation or collection suit. Each step, and each report generated as an output of the process, is electronically stored on GDR's secure computer systems and is managed and generated in a manner calculated to meet the federal rules of evidence for the business hearsay rule for electronic business records.

• Global Debt Registry establishes an account-level chain of ownership
• Global Debt Registry utilizes a cutting-edge data integrity program. We record all historical changes in relevant account attributes.
• Global Debt Registry encrypts all data being sent to and from the registry. Once received, it is stored a premier PCI DSS compliant hosting facility
• Because Global Debt Registry can verify ownership, we offer secure media delivery services between originator and requester.

Output of the Process: A Virtual Title Report and AR Title Plant for the Debt Buying Industry. The output of this process is a set of business records, issued in a standardized format, which debt owners can use to prove up portfolio and account level chain of title as well as data integrity.

Admissible and Persuasive: Use of Account Chain of Title Verification in a Court of Law. This process, and the documents generated by it, are useful for debt buyers performing due diligence and proving chain of title at the account level to a debt in court.

Registry Reports: Global Debt Registry has the ability to distribute Registered Account Reports electronically via a fully compliant PCI Data and Document Exchange or in print form on non-alterable copy-proof paper perfect for legal use.

Account Level Chain of Title, Initial Registration, and Transfer of Ownership Reports are available upon requests.