Boca Raton, FL (PRWEB) February 05, 2013
Cardplatforms announced today that it will utilize Experian’s Global authentication services, Prove-ID and AutoDoc-ID, as part of a solution to help the company align with debit card associations and banking agencies regulatory requirements for issuing prepaid debit cards outside of the United States.
“The challenge with the distribution of prepaid cards has always been compliance,” said Jeff Foster, chief executive officer at Cardplatforms. “Offering Experian’s international authentication services as part of Cardplatforms' issuing environment marks a key milestone in the ability of our company to truly serve the needs of the unbanked and under-banked while maintaining the highest regulatory integrity.”
Working in tandem with Cardplatform’s global prepaid card issuance network, Experian’s international authentication services, Prove ID and AutoDoc-ID will provide personal data verification, fraud screening, verification of online documents and voice verification. These services will support Cardplatform’s compliance requirements, enabling them to perform international cross-border commerce.
“Serving unbanked consumers outside of the United States presents unique challenges, but aligning with compliance requirements should not be one of them. The coupling of Cardplatforms’ issuing platform with Experian’s international authentication services simplifies compliance so issuers can focus on building relationships,” said Scott Carter, senior vice president, Global Analytics and Fraud and Identity Solutions, Experian Decision Analytics. “Experian’s Prove ID and AutoDoc-ID products help solve this problem and enable growth from international cross-border commerce through our ability to authenticate users in distribution environments that are outside of the United States.”
Cardplatforms provides design, launch, marketing, and retention support tools to the prepaid financial industry. Cardplatforms manages the issuance of MasterCard® and Visa® prepaid cards globally, providing support to prepaid card programs, whether operated by Cardplatforms or other program managers. Cardplatforms delivers services for expanding and enhancing the cardholder experience through CARDPOINT™, a proprietary issuing, services, and retention platform featuring mobile, customer service, marketing and media expertise in a one-stop setting. Visit http://www.cardplatforms.com for more information.
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision-making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.