LONDON & EUROPEAN SELECTS EQUIFAX ELECTRONIC ID VERIFICATION TO ENHANCE SPEED OF CONVEYANCING ON PROPERTY TRANSACTIONS
London 6th January 2008 – Equifax, the leading ID verification and fraud prevention solution provider, has been chosen by London & European (L&E) to provide its clients with electronic ID verification services.
L&E is a leader in the provision of insurance services and solutions designed to enhance the speed, simplicity and security of property transactions. Through its agreement with Equifax, conveyancers will be able to complete client ID verification checks in just a matter of minutes, significantly reducing manual processing times and instances of fraud, and saving firms administrative costs. The system is simple to use and available to all solicitor firms registered on L&E’s panel management service.
Chris Taylor, CEO of L&E comments: “While lenders have long enjoyed the benefits of ID verification, solicitors have tended to rely on laborious and high risk manual processing – sending and receiving customers’ passports, birth certificates and driving licenses by post. Through this new strategic alliance with Equifax, we can now offer convenient, high speed, and secure ID verification to our solicitor firms saving them both valuable time and money, and reducing the instances of fraud.”
Equifax has extensive experience in working with organisations from a range of sectors, including the government, major banks and building societies, mobile phone providers, solicitors and accountants, to help them carry-out ID checks to comply with money laundering regulations and prevent fraud. Recognising the importance of speed as well as security, Equifax’s ID checks can be carried out online, negating the need for paper documents to prove identity and significantly improving compliance and customer acquisition processes.
Neil Munroe, External Affairs Director of Equifax, concludes: “We are delighted that L&E has chosen our electronic ID solution for its clients and believe it will significantly enhance the speed, efficiency and security of property transactions.”
ENDS
For further press information please contact: Wendy Harrison, Margot Tomkinson or Linda Pearson at HSL on 020 8977 9132 / Fax: 020 8977 5200 or Email: wendy@harrisonsadler.com
About Equifax
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses – large and small – rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Headquartered in Atlanta, Georgia, Equifax Inc. employs approximately 6,900 people in 14 countries through North America, Latin America and Europe. Equifax is a member of Standard & Poor’s (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
About London & European www.europeantitle.com
London & European is a leading provider of services and solutions designed to enhance the speed, simplicity, and security of property transactions. Established in 1994 and headquartered in the City of London, London & European introduced the concept of title insurance to the UK and established itself as a leader in this sector of the insurance market. The group was acquired in 2001 by the APRIL Group, an insurance services architect quoted on the French stock exchange. APRIL has over two million policyholders across Europe and reported a turnover of €500 million in 2006. It currently has a market capitalisation of €1.6 billion
