Acxiom (NASDAQ:ACXM)
Historical Stock Chart
From Aug 2019 to Aug 2024
![Click Here for more Acxiom Charts. Click Here for more Acxiom Charts.](/p.php?pid=staticchart&s=N%5EACXM&p=8&t=15)
Advanced Data and Analytics Help Bankers Improve Compliance and
Reduce Losses
Fiserv Inc. (Nasdaq: FISV) announced that its Information
Technology Inc. (ITI) business unit has integrated Acxiom Insight
Identify into its Premier(R) Platform account opening software, arming
new accounts staff with technology that offers access to unmatched
data and analytic resources. Developed by Acxiom Insight, the risk
mitigation division of Acxiom(R) Corporation (Nasdaq: ACXM), Insight
Identify also reduces human error, enhances compliance with regulatory
customer identification requirements and decreases identity theft.
"Losses stemming from fraudulent activity are painful enough for
bankers without having to pay regulatory penalties resulting from
error and noncompliance," said Bob Michaud, ITI senior vice president
and general manager of the company's Branch Automation operating unit.
"This solution eases both those financial risks by helping to
eliminate human error when verifying identification and by lowering
risk through a refined screening process."
Insight Identify instantly cross-references applicant information,
such as name, address and Social Security number, against Acxiom's
extensive consumer data. The program enables a second-level risk
assessment by searching additional databases where risk elements
exist, including liens, bankruptcies, judgments, property and criminal
records.
"We're pleased to have the opportunity to assist ITI clients in
their fight against one of America's fastest-growing crimes," said
Acxiom Insight CEO Ron Fournet. "Identity theft has become a front
page concern for Americans in recent years and Insight Identify, with
its superior data and analytics, is the most sophisticated
anti-identity theft technology available today."
Insight Identify also meets the requirements for an effective
customer identification program to ensure compliance with the USA
Patriot Act and similar regulations.
About Acxiom Corporation
Acxiom Insight is the risk mitigation division of Acxiom
Corporation (Nasdaq: ACXM). Its mission is to help Americans protect
themselves, their businesses and their communities from risk through
advanced information-based solutions. Acxiom Corporation integrates
data, services and technology to create and deliver customer and
information management solutions for many of the largest,
most-respected companies in the world. Founded in 1969, Acxiom is
headquartered in Little Rock, Ark., with locations throughout the
United States and Europe, and in Australia and China. For more
information, visit Acxiom.com.
About Fiserv ITI
Serving more U.S. banks and savings institutions than any other
software and services vendor, ITI offers several core solutions,
including the service oriented architecture-based Premier(R) and PCS
Vision(TM) suites and a broad range of supporting products and
services available on the nation's most popular IBM and Unisys
hardware platforms for in-house and outsourced account processing.
Founded in 1976, ITI works closely with some of the best-known
technology companies in the world and has grown to incorporate
businesses and offices nationwide, including its Premier, Precision
Computer Systems (PCS), Branch Automation, eSolutions, Digital
Solutions, Decision Metrics and Professional Services operating units.
A subsidiary of Fiserv Inc., ITI can be found on the Internet at
www.itiwnet.com.
About Fiserv Inc.
Fiserv Inc. (Nasdaq:FISV), a Fortune 500 company, provides
information management systems and services to the financial and
health benefits industries. Leading services include transaction
processing, outsourcing, business process outsourcing (BPO), software
and systems solutions. The company serves more than 17,000 clients
worldwide and is the leading provider of core processing solutions for
U.S. banks, credit unions and thrifts. Fiserv was ranked the largest
provider of information technology services to the financial services
industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv
Health provides health plan management, pharmacy benefits management
and BPO services to the managed care market and self-funded commercial
and government employers and health plans. Headquartered in
Brookfield, Wis., Fiserv reported more than $4 billion in total
revenue for 2005. For more information, please visit www.fiserv.com.