Local Company Deals With Credit Card Fraud
By: Import User
Updated: January 7, 2009
Acxiom Corporation says it is partnering
with credit bureau TransUnion to offer a fraud prevention program
that allows businesses to check the validity of credit-seeking
customers.
The program will combine information from both companies and
provide it to subscribers.
Acxiom says the Fraud Management Platform will help customers
weed out fraudulent credit card applicants and users.
Little Rock-based Acxiom is one of the world`s largest consumer
database companies and Chicago-based TransUnion is one of three
credit bureaus, with Equifax Incorporated and Experian
Incorporated, that keep records on credit customers.
The new program would allow subscribers to pull information from
both TransUnion and Acxiom databases to ensure that credit
customers are who they say they are. The companies said the program
would make credit application processing quicker and implement
safeguards against identity theft.
Posted by Mike Hellgren
