Experian, a leading provider of global information solutions, announced that First American Payment Processing Inc. has selected its eSeries Authentication Solutions to verify the identity of electronic check holders for their Automated Clearing House electronic payment processing. Experian’s powerful real-time authentication tool augments the security and integrity of electronic payment and debit transactions processed through First American’s Web site () on behalf of merchants worldwide.
“In the fast-paced world of today’s digital economy, the luxury of a face-to-face transaction may not always exist,” said Carl Towner, CEO of First American Payment Processing. “Consequently, providing a prompt and secure online customer experience is vital to a business’ success. In the absence of face-to-face interaction, Experian’s Authentication Solutions helps our merchants instantly verify customer identity and conduct secure transactions while safeguarding them from fraud.”
To give clients flexibility based on their business needs, eSeries Authentication Solutions offers three levels of real-time consumer authentication. Level one offers basic verification and standardization of name and address. Level two builds on level one with a customized interactive session with the customer that utilizes Experian’s extensive databases to verify customer identity. Level three provides complete authentication, drawing on levels one and two and adding customized, top of mind questions designed to be answerable by the consumer alone. Level three detects potential fraud and provides superior security to safeguard high-risk transactions and sensitive exchanges.
First American has integrated the most sophisticated level of Experian’s eSeries Authentication into their electronic payment processing combined with a scoring system customized by each of their merchants.
As a result, First American’s merchants receive the maximum protection from fraud and stay in the driver’s seat when it comes to approving transactions.
“Authentication is a vital step for safe and secure e-business of any kind,” said Scott Worthem, vice president and general manager of Experian’s e-commerce business unit. “Our relationship with First American Payment Processing illustrates how eSeries can be leveraged to fit the needs of merchant-transaction processors and their clients. We’re very pleased to be working with First American as their authentication provider.”
Experian enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision-making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS PLC and has headquarters in Nottingham, UK, and Orange, Calif. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion.
For more information, visit the company’s Web site at .
About First American
First American is an ACH Processing company based in Phoenix, AZ. First American, through its Internet presence: , offers merchants a suite of services related to online transaction processing. These services include the most advanced tools available for account validation, online transaction reporting, and real-time online consumer authentication.Details