BankoEvents Monitoring automates bankruptcy filing research and helps debt
collectors improve efficiencies, reduce costs and generate revenue

NEW YORK–(Business Wire)–
LexisNexis® Risk Solutions today announced the availability of LexisNexis®
Banko® Events Monitoring, a new feature available with the LexisNexis®
Receivables Management Solutions suite that automates the process of monitoring
bankruptcy events and helps collections organizations improve efficiency, reduce
cost and identify new sources of revenue. In preliminary customer trials, the
solution is proven to save collections agencies and first-party debt collectors
50 percent or more on costs associated with manually monitoring bankruptcy
events.

“In our current economic environment, bankruptcies are increasing like never
before, and collections professionals need access to the most current,
comprehensive data possible in order to collect on accounts and reduce loss
exposure,” said Robert Fite, vice president, LexisNexis Receivables Management
Solutions. “LexisNexis Banko Events Monitoring allows collections professionals
to focus on the business of making decisions, increasing efficiency and
profitability.”

The number of people and businesses filing for bankruptcy is increasing at a
staggering pace – 1.4 million petitions were submitted in 2009, a 32 percent
increase from 2008. With the number of bankruptcy cases increasing dramatically,
it is vital for collections professionals to monitor bankruptcy events such as
attempts to have a court forgive certain debts, to have an accurate picture of
their debt portfolio. Every time they want to check status on a debtor,
collections professionals must conduct manual, labor-intensive searches using
PACER, the federal court case electronic access system.

Banko Events Monitoring helps debt collectors overcome this problem by
automating the monitoring process of bankruptcy events. The solution works by
automatically monitoring every daily court docket entry for every bankruptcy
case, and then provides collections organizations with relevant information on
the debtors and events they need to track. As a result, collections
organizations are empowered with information they need to make better and faster
decisions about debt recovery. In addition, users save costs associated with
purchasing individual PACER reports, improve employee productivity, minimize the
need for manual investigations, and reduce their loss exposure.

In a beta trial of Banko Events Monitoring conducted with nine clients across
several industries, including a collections agency, mortgage lender and
automotive lender, the solution delivered average savings of 50 percent when
compared to the cost of manually searching for bankruptcy events. To cite one
example, an auto loan company had historically only been able to monitor
approximately 7,500 of their 43,500 active bankrupt accounts. Banko Events
Monitoring enabled the company to monitor all 43,500 of their active accounts -
and for less than half the cost of manually searching 17 percent of the prior
caseload.

LexisNexis Banko Events Monitoring is a key component of the LexisNexis
Receivables Management solutions suite that helps collections businesses
minimize unnecessary operational expenses and focus their efforts on the most
collectible accounts. Banko Events Monitoring is an added functionality to
Banko®, a fully customizable solution that allows businesses to search
comprehensive nationwide bankruptcy databases to quickly identify new filings
and recently deceased individuals.

About LexisNexis

LexisNexis® (www.lexisnexis.com) is a leading global provider of information and
services solutions, including its flagship Web-based Lexis® and Nexis® research
services, to a wide range of professionals in the legal, risk management,
corporate, government, law enforcement, accounting and academic markets. A
member of Reed Elsevier [NYSE:ENL; NYSE:RUK] (www.reedelsevier.com), LexisNexis
serves customers in 100 countries with 15,000 employees worldwide.

About LexisNexis Risk Solutions

LexisNexis® Risk Solutions is the leader in providing essential information that
helps advance industry and society. Building on the legacy of proven LexisNexis®
services from the past 30 years, our cutting-edge technology, unique data and
advanced scoring analytics provide total solutions that address evolving client
needs in the risk sector while upholding high standards of security and privacy.
LexisNexis Risk Solutions serves commercial organizations and government
agencies and is comprised of several affiliated corporations, each offering
premier customer-focused solutions. For more information, visit
risk.lexisnexis.com.

LexisNexis Risk Solutions
Fiona McCaul, 678-694-3651
fiona.mccaul@lexisnexis.com

Copyright Business Wire 2010