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| Callcredit Develops New Verification Product Callcredit has developed a verification tool that will allow organisations, for the first time, to link a bank account to an individual's name in addition to verifying the bank issuing the account and identifying the branch where the account is held. The service will be an invaluable tool to any organisation that wants to improve their ability to do an end to end sign up of a customer and in particular in the setting up of a direct debit. Previously, it was only possible to validate that a bank account number and sort code conformed to an algorithm provided by the issuer. The new product, part of Callcredit's Verifications Solution Suite, now allows the lender to enter the bank details of a customer, such as bank account and sort code, should the customer offer it. Combined with Callcredit's anti-money laundering solutions, the new product provides an end to end verification check. Being able to link the bank account directly to the applicant for the first time also provides an additional impersonation check, using real-time data from trusted sources, strengthening our clients anti-money laundering processes. write your comments about the article :: © 2007 Computing News :: home page |