Experian Payments will use re-brand to develop international corporate payments services
Experian®, the global information services company, today announced the re-branding of Eiger Systems, a leading developer of strategic payment solutions, to Experian Payments. As Experian Payments, the business will leverage the data and international presence of Experian to develop international corporate payments services to help both corporates and banks to make their payments correctly and efficiently.
Experian Payments will build on the prominent status that it has built up in the UK payments market[1] to further its international growth plans. As national payments landscapes become increasingly international in nature, particularly in the light of the Single Euro Payments Area, Experian Payments believes it will be well placed to respond to market and customer demands through Experian’s global reach. The acquisition of Eiger Systems by Experian in 2006 opened up access to a wealth of data from within Experian with which the division plans to continually enhance its services.
Jonathan Williams, Director of Communications and Product Strategy at Experian Payments, says: “We have a long history of supporting developments in the corporate payments market, such as the industry migration to BACSTEL-IP, support for the Euro Payments Council resolution on BIC and IBAN and Bacs’ new ETS Service. This has enabled us to successfully anticipate and meet the evolving needs of our clients. As part of Experian, we are collaborating with other parts of the group to ensure that clients benefit from the products and services we provide.”
Phil Cotter, Managing Director of Experian’s Information Solutions division, comments: “Since our acquisition of the newly-branded Experian Payments, the business has quickly become integrated into Experian and is a valuable addition with its strong data validation and submission services for bulk payments. We are now looking to build on its successes by expanding its international reach to reflect the global nature and demands of our clients’ businesses.”
For further information, please contact:
Nicola Truman, Hotwire PR, nicola.truman@hotwirepr.com / 0207 608 4673
About Experian
Experian is a global leader in providing information, analytical and marketing services to organisations and consumers to help manage the risk and reward of commercial and financial decisions. Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organisations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage. For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organisations from financial services, retail and catalogue, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.
Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, California and Nottingham, UK. Experian employs around 15,500 people in 36 countries worldwide, supporting clients in more than 65 countries. Annual sales are in excess of $3.8 billion (£1.9 billion/€2.8 billion).
For more information, visit the Group's website on www.experiangroup.com.
The word 'Experian' is a registered trademark in the EU and other countries and is owned by Experian Ltd and/or its associated companies.
About Experian Payments
Experian Payments, formerly Eiger Systems Limited, develops global strategic payment software solutions and services to meet the requirements of the world’s leading banks and corporate organisations. Focussing on the specific challenges of data validation and payment processing, Experian Payments’ platform-independent solutions help organisations control costs, reduce risks and improve customer service through the minimisation of payment errors. Experian Payments has over 1,000 customers across all sectors of industry and commerce. Experian Payments is a division of Experian.
Visit Experian Payments at www.experianpayments.com
[1] The company’s products validate and submit over 30% of corporate bulk payments in the UK. Source: Bacs