GB Group and TransUnion Continue to Drive Global Cross Border Trading

 Published: Thursday February 23, 2012

 Written by GBG News on News

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London – 23rd February 2012 – GB Group PLC,  GB Group announced today that it has further expanded its strategic alliance with TransUnion to provide full age, identity and anti-money laundering verification to businesses wishing to trade with South African citizens.  This follows the launch of GB Group’s verification service for Canadian citizens with TransUnion in June 2011.

GB Group’s global Identity Verification tool enables organisations to make an instant decision on the authenticity of a consumer’s personal details.  Using a risk-based approach to identity verification, GB Group’s ID3 technology enables a client to decide if they should accept a new customer into their business, based on validating common personal details including name, address and age even physical location.
John Lord, Managing Director at GB Group said “We recognise the opportunity for transformation and growth for Sub Saharan Africa, based on the steady growth in GDP over the last decade; a significant increase in exports; expansion of its international footprint; and advancements in technology that are unencumbered by legacy infrastructures.  Our clients are expressing a heightened interest in the ability to trade safely with African citizens within the online environment.  We believe by extending our relationship with TransUnion we have reached a key milestone for GB Group as we expand our global reach to 4 of the 7 continents, and overall we strengthen our commitment to being the global leader in electronic identity verification services.”

Ian Logan, Executive for Insurance and Partners at TransUnion added “We are delighted to be expanding our relationship with GB Group. Given the ongoing growth of international consumer trade across borders, we’re pleased to be taking a leading role in helping to grow economies throughout Africa and provide another level of ecommerce security for our clients and their customers.”

About TransUnion
As a global leader in credit information and information management services, TransUnion creates economic and competitive advantages for businesses and consumers. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive solutions that leverage data, advanced analytics and decisioning technology. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in more than 25 countries around the world.

About GB Group plc
GB Group is a leading Identity Management business. It helps organisations recognise and verify all elements of an individual’s identity at every interaction. Through the application of our proprietary technology, we enable organisations to connect, communicate and transact with people safely, responsibly and profitably.  In doing so, we help businesses like O2, Laura Ashley, HMRC, LloydsTSB, Virgin Games, PartyGaming, Betfair and Ladbrokes understand their customers better to create more meaningful customer interactions – and reduce costs across the business.

GB Group - because identity matters™

GB Group is listed on the London Stock Exchange (GBG).

For any further information, please contact:
Maxine Morgan, GB Group
Tel: 01244 657333

Louise Waller, Bite Communications
Tel: 020 8834 3445