On-Line Prescreen definition

On-Line Prescreen means a process where a pre-screened offer of credit is made to credit-worthy Customers in a real-time pre-approved process according to Bank's Operating Procedures. The process utilizes traditional order entry data elements to build Customer records. The Customer records are pre-screened by a credit bureau using Bank's established criteria to determine if an offer of credit is appropriate. Customer records passing the Bank's pre-screening credit criteria are returned to the point of order entry where the pre-approved offer to open an Account is made. Records not passing the credit criteria are not returned and no offer is made.
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On-Line Prescreen means a process where a pre-screened offer of credit is made to credit-worthy Customers meeting Bank’s credit criteria in a real-time pre-approved process according to Bank’s Operating Procedures. The process utilizes traditional order entry data elements to build Customer records. The Customer records are pre-screened by a credit bureau using Bank’s established criteria to determine if an offer of credit is appropriate. Customer records passing the Bank’s pre-screening credit criteria are returned to the point of order entry where the pre-approved offer to open an Account is made. Records not passing the credit criteria are not returned and no offer is made.
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On-Line Prescreen means a process where Bank’s offer of credit is made to certain Customers pre-qualified by Bank (per its criteria), in a real-time pre-approved manner, at the POS at the time of a transaction.
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Examples of On-Line Prescreen in a sentence

  • Bank shall also make available to Company and Company may elect to utilize in its discretion, Instant Credit, pre-approved solicitations, Batch Prescreen and On-Line Prescreen application procedures as mutually agreed upon.

  • Concerning catalog On-Line Prescreen, Bank will bear 100% of the On-Line Prescreen credit bureau expense during Plan Year 1 and thereafter Bank shall bear such expense provided the ▇▇▇▇▇ ▇▇▇▇▇ Business' annual aggregate telephone acceptance rate is at least equal to the "Target Acceptance Rate".

  • Spiegel Group shall use its best efforts to commence within eighteen (18) months after the Effective Date, providing Bank with weekly On-Line Prescreen acceptance and activation results by telemarketing associate, supervisor and call center facility.

  • With respect to On-Line Prescreen Bank will have the right to set certain Performance Thresholds and Bank will have the right to discontinue making such procedures available on not less than thirty (30) days’ prior written notice to Company in the event such Performance Thresholds are not maintained.

  • If the aggregate acceptance rate of the ▇▇▇▇▇ ▇▇▇▇▇ Business is less than [***]% at the end of Plan Year 2, then Bank shall have the right to terminate catalog On-Line Prescreen and in such event Bank will consider making additional contributions to the Marketing Fund.

  • Bank shall also make available to VS and VS may elect to utilize in its discretion, Instant Credit, pre-approved solicitations, Batch Prescreen and On-Line Prescreen application procedures as mutually agreed upon and in accordance with the Fair Credit Reporting Act and other Applicable Law, and the Operating Procedures.

  • In addition, if and as agreed to by the parties as to each method, at some point during the Term, Bank will make available (and in which case Pier 1 shall utilize) On-Line Prescreen, Batch Prescreen, and/or a mobile technology method for new Account acquisition.

  • DWR shall use its commercially reasonable efforts to install, within three (3) months after the Effective Date, systems and equipment in all of DWR’s catalog call centers that shall utilize On-Line Prescreen application procedures as the primary source for application processing.

  • If the aggregate acceptance rate of the ▇▇▇▇▇ ▇▇▇▇▇ Business is less than (Redacted)% at the end of Plan Year 2, then Bank shall have the right to terminate catalog On-Line Prescreen and in such event Bank will consider making additional contributions to the Marketing Fund.

  • We utilize our Quick Credit and On-Line Prescreen products to originate new private label credit card accounts.


More Definitions of On-Line Prescreen

On-Line Prescreen means a process where a pre-screened offer of credit is made to credit-worthy Customers in a real-time pre-approved process
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On-Line Prescreen means a process where a pre-screened offer of credit is made to credit-worthy Customers meeting Bank’s credit criteria in a real-time pre-approved process according to Bank’s Operating Procedures. The process utilizes traditional order entry data VS and Comenity Bank Private Label Credit Card Program Agreement Confidential and Proprietary elements to build Customer records. The Customer records are pre-screened by a credit bureau using Bank’s established criteria to determine if an offer of credit is appropriate. Customer records passing the Bank’s pre-screening credit criteria are returned to the point of order entry where the pre-approved offer to open an Account is made. Records not passing the credit criteria are not returned and no offer is made.
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Related to On-Line Prescreen

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