Penleys Fast Watch Integrates First American CREDCOs Credit Reporting Solutions

Leading USA Patriot ACT solution further streamlines processes and increases efficiencies for financial institutions

DULUTH, GA PRWEB) March 1, 2004--Penley, Inc., the nation's leader in account integrity, today introduced the availability of credit reports via Fast Watch, the leading technology solution for USA Patriot Act Section 326, 314(a) and OFAC compliance.

By integrating with First American CREDCOs solutions, customers can further streamline the account opening process with the option of ordering credit reports and scores through the Fast Watch interface. Customers can choose from single or merged credit reports, which consolidate bureau data into one easy-to-read report for the most comprehensive consumer credit history available.

It is very beneficial for our institution to have all our new account opening processes located in one place. Through Fast Watch, we can verify the identity of prospective customers, screen government lists, and record our transactional data. Then, if necessary, we can retrieve a credit report, a ChexSystems report, a Background Watch report or the Suspicious Activity Report (SAR) form," Rhonda Hendrix of Pineland State Bank. We avoid having to log onto different websites and re-key information so we save time and money while keeping our customer service levels high."

At Penley, our mission is to provide the financial services market with the best technology that helps our customers increase operational efficiency, reduce identity fraud, and comply with the Patriot Act regulations," Bruce Lowthers, CEO of Penley. The integration with First American CREDCOs Credit Reporting Solutions is a natural extension of this goal and helps us to further exceed our customers' expectations as well as offer the most comprehensive, easy-to-use and cost-effective solution available in the market.

About Penley, Inc.
Penley Inc., the nations leader in account integrity, offers easy-to-use technology solutions that provide financial institutions with comprehensive information that protects against fraud, offers business intelligence and increases operational efficiency. With more than 800 institutions implementing the solution, Penleys Fast Watch leads the market in providing complete USA Patriot Act Section 326, 314(a) and OFAC compliance as well as an extensive identity fraud prevention program. The company's advanced technology platform ensures the delivery of superior services as well as best-of-breed automation, security, and technology. For more information or to take a test drive", visit www.penleyinc.com.

About First American CREDCO
First American CREDCO, a member of The First American Corporation (NYSE: FAF) family of companies, processes millions of credit transactions annually and is the industrys technology and service leader. The company is the leading provider of specialty credit reports to the mortgage, consumer finance and automotive industries. First American CREDCO proudly serves a broad range of lending and retail markets with a variety of business information products and services. More information about the company can be found at www.credco.com.

For more information, please contact:
Alisa Barchie
Penley, Inc.
Director of Marketing
678-475-0032

Kimberly Price
First American CREDCO
Senior Marketing & PR Specialist
619-938-6809