Penley’s Fast Watch Integrates First American CREDCO’s
Credit Reporting Solutions
March 1, 2004
Leading USA Patriot ACT solution further streamlines processes
and increases efficiencies for financial institutions
DULUTH, GA (PRWEB) -- 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 CREDCO’s 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 CREDCO’s 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 nation’s 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, Penley’s 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 industry’s 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
|
