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Experian’s Decision Analytics business specialises in providing credit risk and fraud management consulting services and products to enable organisations to make fast, accurate and profitable decisions.
Press Release: >>>> 13 January 2012
Experian enhances Motor Insurers’ Bureau database
Experian enhances Motor Insurers’ Bureau database to boost the fight against uninsured driving.
Experian has announced that the Motor Insurers’ Bureau has extended its contract to host and manage the Motor Insurance Database (MID).
The MID allows the DVLA, police, insurance companies and members of the public to identify the insurance details of a particular vehicle and is central to the fight against uninsured driving.
Enhancements to the database, which already receives over 55,000 enquiries a day from the police alone, will provide enhanced resilience for running real time queries and enable 24/7 access to its records.
The database enables members of the public to check that their own vehicle details are correct and recorded on the MID.
This aids compliance with the Government’s Continuous Insurance Enforcement (CIE) which aims to identify potentially uninsured vehicles.
The new legislation requires the registered keeper of a vehicle to keep it insured unless declared as being off the road.
Press Release: > 12 January 2012
Experian and American Express partnership
Experian has announced a partnership to offer international payment processing and foreign exchange services to Experian’s UK clients.
The deal between Experian and American Express will make it easier and cheaper for businesses of all sizes to make and process overseas payments online.
The partnership adds a global payment processing capability to Experian’s existing range of services, which already includes international bank account validation and domestic payment processing.
A direct link to American Express’s Foreign Exchange International Payments product will be included within the Experian Payments Gateway, the most widely used Bacstel-IP service available in the UK.
American Express and Experian can help businesses succeed globally. Through this partnership American Express will enable Experian’s clients to make payments anywhere in the world quickly, easily and with confidence, leaving them able to focus on their primary business activities.
Press Release: >> 21 December 2011
Experian welcomes end date for SEPA migration
Experian has welcomed the announcement of 1 February 2014 as the end date for SEPA migration.
European businesses have less than two-and-a-half years to migrate credit and debit payments systems to the Single Euro Payments Area (SEPA).
Banks will need to convert customers’ account information and businesses must move from existing domestic formats to a single International Bank Account Number (IBAN) to comply.
Jonathan Williams, director of payments strategy at Experian, comments: "This announcement brings to an end to speculation on whether SEPA will become a reality. Large businesses will be most impacted. They need to address any existing payment errors, fully validate all new data to SEPA standards and ensure that payment files sent to their banks are converted to the appropriate format."
"Early adoption is crucial. If left to the last minute, the SEPA requirements have the potential to be both disruptive and costly. Banks and their corporate customers need to provide a smooth transitional process to SEPA in order to avoid costly errors and keep customers happy."
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