TransUnion - TRU STOCK NEWS

TransUnion's H2 2024 Update to the State of Omnichannel Fraud Report reveals significant fraud impacts on businesses globally. Key findings include:

• Business leaders report fraud losses equivalent to 6.5% of revenue, totaling $359 billion among surveyed organizations
• 75% of respondents noted fraud stayed the same or increased year-over-year
• Scam/authorized fraud was the most common cause of fraud loss
• Global rate of suspected Digital Fraud remained high at 5.2% of all transactions
• Synthetic identity lending exposure reached an all-time high of $3.2 billion in H1 2024
• Auto loan industry most impacted by synthetic identity exposure at $2.0 billion
• Communities industry (online forums, dating sites) experienced the largest percentage (11.5%) of suspected Digital Fraud globally

TransUnion's Fall 2024 US Gig Economy Report reveals that 62% of U.S. adults now earn money from gig platforms, with 37% relying on it as their primary income source. Millennials lead this trend, with 55% using gig work as their main employment. The report highlights high worker satisfaction (64%) due to flexibility, enjoyment, and skill alignment. Top gig work types include ridesharing (23%), freelancing (19%), and food delivery (19%).

While most gig workers earn under $2,500 monthly, 36% of Millennials and 21% of Gen Z report earnings over $5,000 per month. The majority plan to maintain or increase their gig involvement, with only 8% intending to switch to full-time employment. To attract and retain workers, platforms are considering offering services like identity protection, financial education, and supplementary insurance.

First Orion, Transaction Network Services (TNS), and TransUnion (NYSE: TRU) have announced the availability of branded calling with logos across the top three U.S. wireless carriers. This partnership aims to deliver five billion authenticated, branded calls in 2024. The solution adds rich content to mobile displays, including name, number, and logo, with secure end-to-end authentication to prevent call spoofing.

Key achievements include:

• Adoption by over 4,500 U.S. businesses, including 15% of Fortune 500 companies
• Delivering 3.7 billion branded calls this year
• Shared network coverage of over 300 million consumers
• Registering 250,000+ businesses and 22 million phone numbers

TransUnion (NYSE: TRU) has announced the release date for its third quarter 2024 financial results. The company will publish its earnings report on Wednesday, October 23, 2024, at approximately 6:00 a.m. Central Time (CT). Following the release, TransUnion will host a conference call at 8:30 a.m. (CT) on the same day to discuss the financial results in detail.

Investors and interested parties can access the press release and a live webcast of the earnings conference call through the TransUnion Investor Relations website at http://www.transunion.com/tru. This announcement provides shareholders and analysts with the opportunity to prepare for the upcoming earnings report and gain insights into TransUnion's financial performance for the quarter ended September 30, 2024.

TransUnion (NYSE: TRU) and MoneyLion (NYSE: ML) have announced a strategic partnership to enhance personalization in consumer finance. MoneyLion will integrate TransUnion's credit data and solutions into its platform, enabling more personalized financial offers for consumers. This collaboration will allow TransUnion to extend its credit solutions through MoneyLion's platform to its partner network.

The partnership aims to benefit financial institutions by improving decision-making and segmentation capabilities. It will enable them to attract customers and offer suitable products at the right time in their financial journey. This integration is expected to drive efficiency, innovation, and improve the overall financial experience for consumers.

TransUnion (NYSE: TRU) has strengthened its partnership with Truework, a leading income and employment verification provider. This collaboration introduces a single-click solution for property managers, integrating TransUnion's resident screening with Truework's income and employment verification. The enhanced platform offers:

1. Verified income and employment data
2. Credit checks
3. Criminal background checks
4. Eviction reports

This comprehensive solution aims to provide property managers with all necessary information to make informed decisions on rental applicants within a single interface. The integration is designed to streamline the screening process, improve fraud mitigation, and potentially increase rental payment collection rates.

TransUnion's Q3 2024 Credit Union Market Perspectives Report reveals continued growth in credit union balances across all products, with notable increases in super prime and subprime risk tiers. Key findings include:

1. Home equity loan balances grew 14.4% YoY
2. Bankcard balances increased 8.6% YoY
3. Personal loan originations rose 7.0% YoY
4. Mortgage originations saw a slight uptick of 1.8% YoY

The report also highlights lower delinquency rates for credit unions compared to other financial institutions. With the Federal Reserve signaling potential interest rate cuts, experts anticipate increased demand for mortgages and auto loans. The report emphasizes the importance of data-driven, modernized marketing strategies for credit unions to remain competitive in 2025.

TransUnion (NYSE: TRU) has announced that its President and CEO, Chris Cartwright, will be presenting at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024. The presentation is scheduled to begin at 10:15 a.m. CT (11:15 a.m. ET).

Investors and interested parties can access a live webcast of the presentation through TransUnion's Investor Relations website at http://www.transunion.com/tru. For those unable to attend the live event, a replay will be made available on the company's website following the conclusion of the presentation.

This appearance at a major financial services conference suggests TransUnion's commitment to engaging with investors and sharing insights about the company's performance and strategies.

TransUnion (NYSE: TRU) has received the 2024 Impact Award for Best Authentication Innovation from Datos Insights. The award, part of the annual Fraud & AML Impact Awards program, recognizes innovations in financial crime solutions. TransUnion TruValidate™ was honored for its ability to combat identity fraud by examining credit behavior and identity elements shared among consumers. This dual approach helps reduce false positives and identify synthetic identities more accurately. The TruValidate suite integrates identity proofing, risk-based authentication, and fraud analytics, offering a comprehensive consumer profile by linking diverse data types. It serves industries like Banking, FinTech, and Gaming, providing effective, personalized, and flexible solutions.