A credit interchange is a group of companies, often in the same industry, that join together to share information on mutual customers. Industry credit groups, also known as ‘credit interchanges,’ are usually monitored and managed by an outside party, like ABC-Amega, with the expertise to ensure the information shared is factual and in compliance with all antitrust guidelines.
Members regularly supply A/R and other credit experience to the interchange database electronically via e-mail or a secure FTP site. The credit management firm (in this case, ABC-Amega Inc.) will then compile all of the data and generate credit reports. These reports can be downloaded and printed or viewed online via our web-based credit interchange system, www.goAmega.com.