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ABCUL Specifies CallML For ID Verification

03 March 2006

ABCUL, the Association of British Credit Unions, has signed an exclusive deal with Callcredit to enable ABCUL members to carry out their anti-money laundering (AML) customer ID verification checks using Callcredit's online service CallML.

More than a third of a million people in the UK belong to credit unions, which are financial cooperatives providing a range of financial services to members at favourable rates.

ABCUL's Membership Services Manager Lucia Webster said: "Like all financial services organisations, our credit unions are required by AML legislation to check the identities of everyone who wants to join. As an online service CallML is easy to implement, very cost effective, completes a check in seconds and provides a full audit trail. It saves time, effort and money."

As part of the deal ABCUL's members will receive preferential and highly discounted rates on CallML.

CallML has been specially developed to meet the requirements of anti-money laundering legislation. It uses a wide range of approved and independent data sources, including the Electoral Roll and a full credit database, to confirm identities in seconds – 24 hours a day, 7 days a week.

CallML is already used by numerous companies, including a number of major UK banks and building societies, to satisfy their 'Know Your Customer' requirements.

About Callcredit

1. Callcredit(www.callcredit.co.uk) is the UK's most technically advanced credit reference agency, providing the market with a comprehensive range of consumer credit information services.
2. Callcredit has harnessed state-of-the-art information technology with an unrivalled knowledge of the credit industry's needs to develop a range of innovative information solutions. Solutions that are enabling major lenders and a host of other blue chip companies to make better credit decisions, target new customers more effectively and manage existing customers more profitably.
3. Callcredit is a subsidiary of Skipton Building Society (www.skipton.co.uk), one of the top ten largest building societies in the UK, and forms part of the Skipton Information Group, together with database management company EuroDirect and market analysis firm GMAP Consulting.

For further press information contact: Jane Fordham, Katie Moore or Sophie Smith at the Callcredit Press Office on 0207 067 0600 or callcreditpr@golinharris.com

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