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TransUnion - TRU STOCK NEWS

Welcome to our dedicated page for TransUnion news (Ticker: TRU), a resource for investors and traders seeking the latest updates and insights on TransUnion stock.

TransUnion (NYSE: TRU) is a global leader in information and insights, providing innovative solutions to businesses and individuals worldwide. Serving approximately 45,000 companies and over 500 million customers across 33 countries, TransUnion's mission is to empower economies by offering reliable and actionable consumer information.

Core Business: As one of the three leading credit bureaus in the United States, TransUnion is pivotal in the credit granting process. The company offers a wide range of services, including credit reporting, fraud detection, marketing, and advanced analytics. By leveraging its extensive data, TransUnion helps businesses manage risk, improve marketing strategies, and enhance customer experiences.

Recent Achievements and Partnerships: In April 2024, TransUnion partnered with GrowthLoop to enhance identity resolution and marketing solutions. This collaboration addresses the challenges marketers face due to low match rates in digital advertising, offering improved audience targeting and campaign efficacy.

Financial Condition and Global Presence: TransUnion generates about a quarter of its revenue from international markets, operating in over 30 countries. The company continues to expand its global footprint through strategic acquisitions and technology investments, ensuring robust financial health and sustained growth.

Products and Services:

  • Credit Information: Comprehensive consumer credit reports that support lending decisions.
  • Fraud Detection: Advanced solutions to identify and mitigate fraudulent activities.
  • Marketing Solutions: Data-driven strategies to enhance customer acquisition and retention.
  • Analytical Services: Insights and analytics that drive business intelligence and decision-making.

Current Projects: TransUnion is continuously innovating to improve its offerings. Recent initiatives include enhanced identity threat intelligence technology and updated consumer financial strain analysis, helping government agencies better support constituents during economic challenges.

Commitment to Trust and Innovation: TransUnion's motto, Information for Good®, reflects its dedication to fostering trust and economic opportunity. By providing a reliable and comprehensive view of consumers, TransUnion enables confident transactions and significant achievements for individuals and businesses alike.

News

Up to One in Four Consumers Experience Fraud Attempts Via Mobile Devices Multiple Times Per Week or Daily

Rhea-AI Summary
TransUnion (NYSE:TRU) report reveals that around one-third of consumers experience fraud attempts multiple times per week, if not daily. More than half (51%) report being targeted in the last three months. Consumers want specific fraud protections from mobile service providers, with mobile phone carriers cited as most responsible for protecting consumers from fraud on mobile devices.
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Modives Teams With TransUnion to Reinvent Property Rental Screening

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InsurTech Modives (NYSE: TRU) collaborates with TransUnion to launch an innovative insurance authentication and monitoring solution for residential rental properties, providing property managers with comprehensive insight into prospective rental residents. Modives aims to make insurance authentication and monitoring easy for apartment, condo, and single-family rentals, offering a new and innovative solution to mitigate risk. TransUnion’s TruEmpower™ ShareAble solution complements Modives’ renters insurance authentication by providing traditional screening services such as credit, background, eviction, and income reporting, giving property managers peace of mind and regulatory compliance. Modives’ 360° Screening and Authentication solution offers complete transparency in the application process and throughout the lease term, delivering a unique perspective for property management professionals to better assess and mitigate risk.
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Rocketer and TransUnion Announce Data Collaboration to Maximize High-Quality Customers for Insurance Providers

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Rocketer (TRU) and TransUnion launched Rocketer Powered By TruAudience, a data collaboration that led to a 363% increase in revenue per month for a US-based life insurance company. The campaign resulted in an average of $265 additional revenue per user, with a peak of $620 per new customer, compared to leads acquired without using TransUnion data.
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Collections Industry Increasing Communications Channels, Diversifying Areas of Business

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TransUnion (TRU) and Datos Insights report reveals insights into the third-party collections industry in 2023. The report highlights that 60% of collections companies are on the path to adopting AI to enhance consumer experiences. It also addresses trends in communications technologies and the impact of economic headwinds on planned investments.
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Suspected Digital Shopping Fraud in the U.S. Up 12% During Cyber Five Holiday Period Compared to Rest of 2023

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TransUnion (NYSE: TRU) released new findings on e-commerce fraud during the 2023 holiday shopping season. The analysis found that 3.6% of global e-commerce transactions during the Cyber Five days were suspected fraudulent, with 2.4% in the U.S. The average number of suspected digital fraud attempts globally was 15% higher than in 2022, yet 50% lower than the rest of 2023. The study also revealed the suspected digital fraud rate for each day in the holiday shopping period and the top indicators of fraudulent e-commerce transactions.
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TransUnion and FreeWheel Announce Expanded Partnership to Improve Audience Match Rates in TV Advertising Ecosystem

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TransUnion (TRU) expands partnership with FreeWheel to improve audience match rates in TV ad ecosystem
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In the EV Market, A Clearer Credit Picture of the EV Buyer Takes Shape

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TransUnion (NYSE: TRU): New study shows strong credit profiles of mainstream EV buyers, with 8.3% market share in H1 2023. Average credit score at 774, similar to luxury car buyers. Leasing of non-luxury EVs sees significant gains, potentially reinvigorating the leasing market.
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TransUnion Announces Next Step in Transformation Program to Reduce Costs, Accelerate Innovation and Drive Growth

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TransUnion (NYSE: TRU) Announces Transformation Effort to Optimize Operating Model and Leverage Neustar’s Technology. The company will transition roles to Global Capability Centers (GCCs) and use cloud-native technology to create an integrated data management, identity resolution, analytics, and delivery platform. This initiative is expected to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expenditure reduction in 2026 relative to 2023 levels.
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Insurers’ Efforts to Improve Profitability Drive Auto and Property Insurance Shopping

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TransUnion (NYSE: TRU) Reports Promising Strategy of Compulsory Bundling with Increased Cyber Coverage in Latest Quarterly Insurance Personal Lines Trends and Perspectives Report
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Credit Balances on the Rise as Consumers Manage Higher Costs

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TransUnion (NYSE: TRU) releases Q3 2023 Credit Industry Insights Report revealing bankcard balances increased 15% YoY to $995 billion, while mortgage originations declined nearly 37% YoY. The report also highlights the increase in average consumer balance by 11% YoY to $6,088, the highest in the last 10 years, and the shift in credit tier focus by lenders in response to rising delinquencies for unsecured products.
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FAQ

What is the current stock price of TransUnion (TRU)?

The current stock price of TransUnion (TRU) is $99.13 as of November 22, 2024.

What is the market cap of TransUnion (TRU)?

The market cap of TransUnion (TRU) is approximately 19.3B.

What services does TransUnion offer?

TransUnion offers credit reporting, fraud detection, marketing solutions, and advanced analytics services.

How many countries does TransUnion operate in?

TransUnion operates in over 30 countries, serving businesses and consumers worldwide.

Who are TransUnion's customers?

TransUnion serves around 45,000 companies and over 500 million customers globally.

What is TransUnion's partnership with GrowthLoop about?

TransUnion partnered with GrowthLoop to enhance identity resolution and marketing capabilities, improving audience targeting and campaign effectiveness.

How does TransUnion contribute to economic opportunities?

TransUnion provides reliable consumer information and innovative solutions, enabling confident transactions and significant achievements for individuals and businesses.

What is TransUnion's motto?

TransUnion's motto is 'Information for Good®,' reflecting its commitment to trust and economic empowerment.

How does TransUnion help with fraud detection?

TransUnion offers advanced fraud detection solutions that identify and mitigate fraudulent activities to protect businesses and consumers.

What recent technological advancements has TransUnion made?

TransUnion has recently developed enhanced identity threat intelligence technology and updated consumer financial strain analysis to support better decision-making.

What is the significance of TransUnion's credit information services?

TransUnion's credit information services provide comprehensive consumer credit reports, which are essential for lending decisions and managing credit risk.

How does TransUnion support government agencies?

TransUnion's solutions help government agencies identify financial strains among constituents and provide differentiated support, improving access to critical programs and services.

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TransUnion

NYSE:TRU

TRU Rankings

#574 Ranked by Market Cap
#2039 Ranked by Dividends

TRU Stock Data

19.26B
194.33M
0.25%
104.35%
2.23%
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