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 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."