eID Verifier Will Enable AutoSave.com to Provide Stronger Customer Service
And Support in a More Secure, Online Environment
SAN JOSE, Jan. 18 /PRNewswire/ -- RSA CONFERENCE 2000 -- Equifax Secure
Inc., a unit of Equifax Inc., and AutoSave, an Austin, TX-based corporation,
today announced a strategic agreement for AutoSave.com to deploy Equifax
Secure eID Verifier(TM) to ensure a safer environment and stronger customer
support for consumers applying for auto loans on http://www.AutoSave.com . Financial
terms were not disclosed.
Under the agreement, http://www.autosave.com/AutoSave will utilize Equifax
Secure's eID Verifier, the next-generation technology that authenticates
consumer identity beyond "wallet" data, to protect against fraudulent loan
applications on Autosave's web site when launched. By adopting Equifax
Secure's authentication technology, AutoSave sets a new industry standard for
personal privacy and security for consumers purchasing or refinancing auto
loans online.
"Equifax Secure's authentication technology enables us to create a safer,
more secure environment for our customers to apply and qualify for auto loans
over the Internet," said Cole Lowenfield, President and CEO, AutoSave, Inc.
"eID Verifier will enable us to build long-term, trusted relationships with
our customer base by providing an advanced level of customer service and
support."
"We are delighted that AutoSave has selected the Equifax Secure remote
authentication technology for its online auto loan processing capability,"
said Jeff Johnson, general manager of Equifax Secure. "Obtaining more
complete and accurate identification increases consumer confidence in
completing sensitive transactions online, while further enhancing privacy,
security and trust for AutoSave's web site. By integrating this
authentication technology into the AutoSave framework, the company will be
providing the most secure virtual environment available on the Internet
today."
About eID Verifier
Unlike traditional methods that rely solely on wallet information such as
Social Security number, driver's license number and address to identify users
online, the Equifax Secure authentication engine requests both financial and
non-financial information that should be known only to the user. The engine
compares and analyzes multiple elements in the furnished information against
consumer data from Equifax and other consumer and business information
sources, all within the federal Fair Credit Reporting Act.
In a seamless environment, eID Verifier simplifies the verification
process by confirming the user's identity in a simple, real-time process:
-- First, the user completes and submits an online application form.
-- Second, the authentication engine then displays a multiple-choice
questionnaire compiled from information managed by consumer and
business information sources. These questions can include elements
from the user's financial history.
-- Third, the user then completes and submits the multiple choice
questionnaire form.
-- Fourth, once the user's identity is confirmed, then the consumer is
able to move forward with the next steps for an online purchase.
About AutoSave.com
AutoSave.com plans to emerge as the premier one-stop online destination
for financial products by employing an innovative method of matching consumers
with lending institutions. The company uses a patent pending process of
collecting a borrower's credit data to efficiently solicit credit offers from
an extensive network of lenders. While the company's debut will focus on
automobile financing and refinancing products, over time it plans expansion to
a wider array of products and services. AutoSave.com is preparing for a
nationwide marketing campaign. The company's headquarters are located in
Austin, TX. For more information, please call Chris Brown, Vice President,
AutoSave, Inc., at 512-472-1797.
About Equifax
Equifax Secure Inc., a unit of Equifax Inc. (NYSE: EFX), provides
outsourced e-commerce solutions to enable enterprises to authenticate consumer
identity, secure business applications and manage digital certificates and
directories for highly secure, private e-commerce over the Internet and other
networks.
Equifax (http://www.equifax.com ), a worldwide leader in shaping global commerce,
brings buyers and sellers together through its information management,
transaction processing and knowledge-based businesses. Atlanta-based Equifax
serves the financial services, retail, credit card,
telecommunications/utilities, transportation, information technology and
healthcare industries and government. Equifax adds knowledge, expertise,
convenience and security to provide value-added solutions and processes for
its customers wherever they do business, including the Internet and other
networks. Entering its second century in business, Equifax employs more than
13,000 associates in 17 countries with sales in almost 50 and has more than
$1.7 billion in revenue.
Statements in this press release that relate to Equifax's future plans,
objectives, expectations, performance, events and the like are "forward-
looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and the Securities Exchange Act of 1934. Future events,
risks and uncertainties, individually or in the aggregate, could cause actual
results to differ materially from those expressed or implied in these
statements. Those factors could include changes in worldwide and U.S.
economic conditions that materially impact consumer spending and consumer
debt, changes in demand for the Company's products and services, risks
associated with the integration of acquisitions and other investments, and
other factors discussed in the "Forward-looking Information" section in the
management's discussion and analysis included at Part II, Item 7 in the
Company's annual report on Form 10-K for the year ended December 31, 1998, and
in the "Year 2000 Information" section in the management's discussion and
analysis included at Part I, Item 2 in the Company's report on Form 10-Q for
the third quarter of 1999.
SOURCE Equfax Secure Inc.
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Related links:
http://www.rsa.com/rsa2000
CONTACT:
Alan Boyer of Equifax Inc., 404-885-8676, or
alan.boyer@equifax.com, or Chris Brown of AutoSave, 888-696-8728,
or chris@autosave.com
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