Experian is Appointed by The Currency Club to Support Online Identity Verification
By Experian Qas, PRNEMonday, October 18, 2010
LONDON, October 19, 2010 - Experian, the global information services company, announced
on 12th October 2010 that it is has been appointed by The Currency Club, the
online foreign exchange business, to verify the identity of its online
customers.
The Currency Club, a wholly owned subsidiary of Sterling Consortium
Limited, has introduced one of the first fully automated online retail
currency systems to deal with travel money requirements for its members. The
company provides competitive exchange rates throughout the day and free next
day delivery for travel money.
To reduce the risk of fraud, as well as improve online efficiency and
customer service, The Currency Club will implement Experian's Authenticate
Pro Web. Via its electronic, risk-based approach, Authenticate Pro Web
validates and verifies existing and prospective customers, enhancing the
efficiency at which The Currency Club can process members' applications while
improving the customer registration experience.
Sam Thakkar, director at The Currency Club, commented: "The deal
facilitates a safe and secure environment for The Currency Club's business to
operate in. From a business perspective, we needed a solution that would
assist us in adhering to the compliance legislation that we are governed by
and enable us to grant membership to new customers efficiently. The customer
has to experience a smooth registration process and, as a business, we need
confidence that all the relevant checks are done thoroughly and the risk of
fraud has been mitigated. Experian is a leader in identity and credit checks,
with the ability to draw on multiple data sources, so it was a natural choice
for us."
Nick Mothershaw, director of Fraud and Identity Solutions at Experian
added, "Our work with The Currency Club is an excellent example of how our
identity services are transforming the online currency sector. We have
created a seamless customer experience that encourages trust while making it
very difficult for fraudulent activity to occur. The robust nature of our
software also means The Currency Club has the long-term assurance it has a
service that will last and evolve as the business grows."
About Experian QAS
Experian QAS provides contact data management (CDM) software and services
that help organisations drive value from their data. Every organisation
stores contact information on its customers/citizens, prospects, suppliers
and employees. Over 10,000 organisations worldwide choose Experian QAS
products and services to manage the quality and accuracy of this data to
improve business processing, financial performance, efficiency and the
customer experience.
Experian QAS offer services such as an address finder (
www.qas.co.uk/address-finder-solutions.htm), a postcode finder
(www.qas.co.uk/your-needs/address-and-postcode-solutions.htm), data
cleaning (www.qas.co.uk/your-needs/clean-your-data.htm), identity
management (www.qas.co.uk/electronic-identity-management.htm) and
single customer view
(www.qas.co.uk/your-needs/single-customer-view.htm).
QAS Ltd is a wholly owned subsidiary of Experian, the global information
services company.
About The Currency Club
The Currency Club is a young and innovative company that has
introduced one of the first fully automated online retail currency systems to
deal with travel money requirements for its members.
Based in London, The Currency Club is a wholly owned
subsidiary of Sterling Consortium Limited. It is listed on the Financial
Services Authority register (FSA no. 504439) under the PSD Directive and
governed by HM Revenue and Customs as a Money Service Business.
PR Contact: Marielle Legair Experian Public Relations QAS Ltd George West House 2-3 Clapham Common North Side London SW4 0QL +44(0)7966-102-823
www.thecurrencyclub.co.uk
PR Contact: Marielle Legair, Experian Public Relations, QAS Ltd, George West House, 2-3 Clapham Common North Side, London, SW4 0QL, +44(0)7966-102-823
Tags: Experian Qas, London, October 19, United Kingdom