Experian Payments will build on the prominent status that it has built up in the UK payments market 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 Experianâs 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: âWe 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 Bacsâ 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.â
Phil Cotter, Managing Director of Experianâs Information Solutions division, comments: âSince 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 clientsâ businesses.â
 The companyâs products validate and submit over 30% of corporate bulk payments in the UK. Source: Bacs