Forex Capital Markets Selects Experian Universal ID Check to Combat Global Fraud and Money Laundering

Forex Capital Markets Selects Experian Universal ID Check to Combat Global Fraud and Money Laundering

Authentication service helps combat fraud on global scale

Costa Mesa, Calif., July 20, 2009 — Experian®, a global information services company, today announced the adoption by Forex Capital Markets of Experian Universal ID Check, an authentication service designed to counter the threat of identity fraud and money laundering across a range of countries, helping organizations address identity risk and satisfy regulatory compliance requirements.

“As an online foreign exchange trading firm with more than 125,000 live accounts that are traded through our platforms, authentication across numerous countries via a single platform is of paramount concern and value for us,” said Juan Café of Forex Capital Markets. “Experian Universal ID Check allows us to authenticate consumers residing in multiple countries and perform a variety of effective identity checks through a single access point, saving time and cost without compromising the customer experience.”

Experian Universal ID Check is quick and accurate. Via an Experian Web user interface or XML implementation, clients select the country associated with the applicant’s current residence. The screens then provide the appropriate formatting of the name, address and telephone number associated with that country. In addition to these identity elements, users also may initiate checks associated with passport details, bank account data, IP address geolocation, or a series of relevant sanctions and Politically Exposed Persons watch lists. The applicant is then authenticated, and both summary- and detail-level record results are returned.

“Effectively combating fraud in a global economy requires a global approach,” said Hiq Lee, senior vice president and general manager of Experian’s Fraud and Identity Solutions group. “Organizations who rely on documentary evidence for authentication may face increased operational costs and organizational exposure. They also may suffer a degraded customer experience brought about by the perceived inconvenience and security concerns associated with providing required documents. Currently covering 24 countries, Experian Universal ID Check utilizes electronic data to offer a robust, cost-effective and customer-friendly system for fighting fraud in diverse markets and on an international scale.”

As an alternative to the comprehensive reporting provided through Experian Universal ID Check, Experian Universal ID Service delivers a menu of distinct capabilities that can be combined or leveraged individually as standalones, allowing users to customize the authentication checks they wish to utilize and eliminate superfluous searches.

About Experian
Experian® is a global leader in providing information, analytical and marketing services to organizations and consumers to help manage the risk and reward of commercial and financial decisions.

Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage.

For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Experian has corporate headquarters in Dublin, Ireland, and has operational headquarters in Costa Mesa, Calif., and Nottingham, UK. The Group employs approximately 15,000 people in 40 countries worldwide, supporting clients in more than 65 countries around the world. Total Group revenue for the year ended March 31, 2009, was $3.9 billion.

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Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc.

Other product and company names mentioned herein may be the trademarks of their respective owners.

Danica Ross
Experian Public Relations
1 714 830 5462 Telephone Email

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