Callcredit Introduces Online CIFAS Service
Callcredit has launched its CIFAS service, which will give CIFAS members online access to the latest fraud intelligence within an hour of it being added to CIFAS's centralised fraud investigation database.
With a high percentage of repeat frauds committed within hours of the original offence, Callcredit wanted to protect lenders and other service providers by providing them with the most up-to-date fraud intelligence data available. The credit reference agency worked closely with CIFAS to set up an online link, which allows data to be exchanged and updated every hour. As part of its new CIFAS service, Callcredit can tailor reporting to suit users' precise needs. The credit reference agency has developed a selective matching capability that allows users to screen out fraud data, which they do not think is relevant to their product or market sector, making reports quicker to interpret. Callcredit has also developed a suite of standard and special reports, which will enable its customers who are CIFAS members to use the fraud data more effectively. These include Innocent Party, Affected Credit Search and Affected Share Record reports. "We have spent considerable time working on how the data could be used more effectively to help our clients to prevent fraud and protect innocent people," said Graham Lund, Callcredit's development director. "We believe that everyone who uses our new CIFAS service will see significant benefits in our user interface and our reporting."
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