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Identity check service aims at small societies

Mutual One has signed an exclusive agreement with credit reference agency Callcredit to market the agency’s online identity verification service to building societies.

The service, called CallML, is an anti-money-laundering solution aimed at helping societies comply with the requirements of the know your customer legislation.

CallML uses a range of data sources. including the electoral roll and a full credit database.

The user enters the customer’s personal details and details of approved identity documents. A pass or refer report is produced immediately and users have the option of setting their own pass or refer parameters.

The service is recognised by the FSA and is used by financial services companies, lawyers, accountants and stockbrokers.

Mutual One commercial director David Charlton says the product’s natural market will be small to medium-sized societies.

Callcredit sales director Rick Biggs says: “We can service the needs of the sector more easily and the societies benefit form the collective purchasing power of Mutual One. Fifty of the UK’s 63 building societies are already sourcing a range of services conveniently and cost-effectively through Mutual One.”


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