Birmingham, United Kingdom (PressExposure) October 14, 2009 -- New national database comes as latest figures show card fraud cost UK businesses Â£232.8m for the first six months of this year
ID verification solutions company Let Checkâ¢ today announced the launch of a unique new software system, Check Mateâ¢, which uses CID Authenticationâ¢ technology to deliver instant identity checks on prospective bookings. The service is available to hotels, guest homes and serviced apartments from today, allows for comprehensive, legal verification of customer reference documents, including UK driverâs licences, UK credit/debit cards and passports from nearly 200 countries. The industryâs first development comes as new figures released by Financial Fraud Action UK reveal card fraud cost the UK businesses Â£232.8m for the first six months of this year alone.
Check Mateâ¢ is tailored to generate fast, accurate verification for customers and is specially geared towards assisting the hospitality sector to avoid unnecessary charge backs through non compliance of KYC (Know Your Customer), an EU recommendation. With the customerâs consent, Check Mateâs CID Authenticationâ¢ technology enables Let Checkâ¢ clients to obtain an immediate verification score of a prospective customerâs identity.
âWith rising financial pressures and national unemployment figures projected to rise to three million by 2010, there are strong signals towards an upswing of card fraud unless businesses exercise more vigilance. The development of this solution comes as a direct response to concerns from hotel chains, guest homes and serviced apartments who want to know their customers and better safeguard their investments and well as customer demands for a more efficient system of gathering referencesâ, comments Emmanuel Nkwenti, Head of Marketing at Let Checkâ¢. âCheck Mateâ¢ underscores Let Checkâs commitment to developing unique and customised solutions for the rapidly changing hospitality sector and influencing customers to understand their responsibilities.â
Check Mateâs linking capabilities enable hotel chains to integrate the service across their business nationally, or internationally, allowing for seamless integration of the product with the companyâs existing framework of professional standards. The service can be incorporated into hotels corporate packages or accessed directly via the Let Checkâ¢ web site [http://www.letcheck.co.uk].