pbVerify introduces Express Credit Score

Featured

SA’s number one data bureau has added a new, express credit check product to its B2C suite.

pbVerify has just expanded its Consumer Credit Check product suite with a new service that enables businesses to draw an express credit report in seconds, at less than half the cost of the full report.

Introduced in mid-November, pbVerify’s Express Credit Score enables businesses to view a condensed report of a consumer’s credit viability, and quickly determine whether or not further data on the consumer in question is necessary.

The service, launched in response to market demand, saves businesses the trouble, time and cost of drawing a full report on every consumer they investigate and allows them to quickly sift through credit candidates for potential clients.

Express Credit Score complements pbVerify’s original Consumer Credit Check, rather than replaces it. The express product offers basic information such as whether a consumer is a High, Low or Minimum risk consumer and – in the case of High Risk – what the main reasons are for the adverse score.

The full Consumer Credit Check report offers information businesses will only need to draw on if the consumer being investigated is deemed a risk, including contact and employment data, all adverse information (judgements, defaults and collections) and an enquiry list.

The full report costs between R35 and R45 (350 to 450 pbVerify credits) per report, while the Express Credit Score costs just R12,50 (125 credits). For a full breakdown of pricing click here.

NB: Businesses wishing to draw a credit report on an individual must have the consumer in question’s signed/written consent.

* pbVerify Express score is a credit bureau score developed in partnership with Compuscan using advanced statistical modelling techniques.

Experian Consumer Credit Report back online

Featured

experian-consumer-credit-reportpbVerify has reinstated its Experian Consumer Credit Report, following a period of about four months of the service being offline.

The product, part of pbVerify’s comprehensive consumer credit check suite, was temporarily discontinued in July due to a system upgrade.

Experian is the world’s largest credit bureau operator, with local offices in Johannesburg, Cape Town and Durban. The bureau has a long history of protecting personal lending in South Africa’s financial services market.

The Experian Consumer Credit report forms part of the pbVerify Business to Consumer (B2C) credit check suite and is available on registration to any business that grants credit to consumers.

The report, garnered directly from Experian for pbVerify clients, provides extensive information – obtained from major credit providers and collection companies in South Africa – relating to individuals’ credit status.

Forewarned is forearmed

Business owners in South Africa are acutely aware that, in order to run a successful operation, they have to be on top of risk management.

Knowing who to do business with and who to avoid is critical and, in order to make an informed decision, it is essential organisations have access to extensive data.

pbVerify’s credit check services offer quick and complete information that ensures effective risk management, and are ideal for:

  1. Credit grantors. If you’re a business that grants credit accounts, you need a full report on potential clients’ credit history before you take a decision to grant them additional credit.
  2. Home loan companies. You want to ensure you are not granting a home loan to someone with a questionable financial past, who is likely to disappear – leaving you with the burden of their debt. pbVerify enables you to view a potential grantee’s financial information, and then make an informed decision.
  3. Micro-lenders. Even companies that solely grant small loans need to be certain that their borrowers are responsible and reliable. Before you sign that paperwork, run a potential borrower’s name through pbVerify and get an idea of who it is you’re dealing with.

For just R42 (420 pbVerify credits), the Experian Consumer Credit Report produces the following information on the consumer: Name; Address; Adverse credit information; Experian Delphi Score*; Mobile number; Landline numbers (personal and work); Employment/occupational information; Enquiry list.

pbVerify’s goal is to give businesses tools to protect themselves and make informed business decisions.

It is unfortunate, but true, that business owners fall prey to fraudsters every day. pbVerify arms businesses with the information they need to protect their future.

pbVerify will be adding other Experian products, like the Experian Business Credit report, to the menu in 2017.

NB: Businesses wishing to draw a credit report on an individual must have the consumer in question’s signed/written consent.

* Delphi Score is a credit bureau score developed in partnership with Experian using advanced statistical modelling techniques.

Goodbye ink, hello digital signatures

Featured


With the business world turning increasingly to digitally signed documents, the hand-written signature is on its last legs.

digital-signing

With more businesses and entities than ever before turning to digitally signed documents to solve security issues and improve logistics, the value and lifespan of the hand-written signature has come under serious scrutiny.

While there is a certain sentimentality – perhaps an emotional attachment bred at school level – still attached to an individual’s unique autograph, there are overarching ideals that suggest a future without it.

In fact the hand-written or ink signature has, in recent times, been likened to landline telephones and typewriters – age-old tools that, beyond their nostalgic appeal, are on their death bed. In the corporate world, which is increasingly aspiring towards a paperless future, pen-and-paper signing has been dubbed the enemy.

Leon van der Merwe, head of digital at PBSA and co-founder of South African based digital signature solution SignFlow, believes the hand-written signature’s time is slowly but surely coming to an end. “Ink signatures have been a part of human culture for aeons and, for their time, they had their place. But with today’s technology, there is no reason for us to hang on to something that, for all intents and purposes, is about as dependable as a fake Facebook profile.”

Ink signature snags

Van der Merwe points out the biggest problem with hand-written signatures is that they can easily be forged. “There are a number of ways in which digital signatures trump hand-written ones, but the most significant and compelling feature of digital above ink is that of security.

“Digital signatures use a cryptographic operation that creates a hash-code, which is unique to both the signer and the content. It cannot be copied, forged or tampered with. The whole process provides irrefutable proof of the signer’s identity, protects the data integrity of the document and provides non-repudiation of signed documents.”

Apart from ink signatures being prone to forgery, a general attitude of inattentiveness has crept in over the years, making them quite literally a joke. This is most applicable when it comes to transaction authorisation.

“When last did you notice a waiter or retail clerk checking the signature you pen on the receipt? And do you always sign legibly and consistently?” asks Van der Merwe.

As far back as 2001, Internet humourist John Hargrave experimented with this notion in a credit card prank in which he forged outlandish signatures on receipts. He reportedly signed receipts with, among others, “Mariah Carey”, “Beethoven” and “I stole this card”. Hargrave even signed in hieroglyphics. None of the merchants noticed. (Hargrave recounts his famous Credit Card Prank in his 2007 book, Prank the Monkey)

‘Sign here’ has been replaced with ‘Click here’

Former US president Bill Clinton lent credence to the solidity of signing digitally in 2000, when he signed the first US bill into law electronically.

Renowned Amercian business magazine, Forbes, begins its article on Clinton’s watershed signing with the line, “‘Sign here’ has just been replaced with ‘click here’.”

Another turning point in the life of the digital signature took place earlier this year, in July, when the European Union effected new guidelines for electronic signatures, giving them the same legal power as hand-written signatures.

“The benefits of employing digital business processes far outweigh the paper-reliant processes of days gone by and it’s only a matter of time before digital signatures take over from their expiring ink-on-paper counterparts,” says Van der Merwe.

Not only are digital signatures undeniably more secure and unable to be forged, he concludes, they are legally sound. “Importantly, they also create a digital audit trail and they don’t rely on filing, printing, scanning or back-and-forth emailing – paper-based processes that cost companies profoundly, in terms of both time and money.”

REFERENCES

SignFlow

The Verge

New Republic

Forbes

pbVerify unveils new SARS advanced VAT verification

Featured

sars-toolOne of the most advanced company value added tax (VAT) verification means on the market – pbVerify’s advanced South African Revenue Services (SARS) VAT verification tool – is back in operation.

The service was offline for about two months due to a SARS system upgrade, which necessitated reintegration.

This tool gives you the option to search for a company registration number, which will confirm the correct company VAT number associated with that business. Alternatively, you can search by the company VAT number, which will confirm the company name and registration number associated with that VAT number.

This report forms part of the standard pbVerify online product suite and is available after registration to any business.

Click here to for pricing details.

Important to note is that the VAT number search confirms a valid VAT number for a registered VAT vendor or company.

The VAT number result includes:

1. The company’s registered name.
2. The company’s trading name.
3. Registration number. This is the number allocated by the Companies and Intellectual Property Commission (CIPC).
4. VAT Number.

pbVerify relaunches Deeds Search tool

Featured

deeds-tool-pbverify

PbVerify’s popular Deeds Search tool has been relaunched and is now more accurate and immediate than ever before.

The relaunch comes after the service had to be put on hold about two months ago, following modifications to the Deeds Office systems that required pbVerify to update certain regions and add new ones.

The Deeds Search tool has been greatly improved, now allowing for live lookups at the Deeds Office – something that was previously not possible. In the past, searches were not live and they were not updated monthly.

The new and improved version ensures absolutely no discrepancies come into play when clients perform the relevant searches. Because pbVerify’s Deed Searches now have direct links to the Deeds Office’s live database, clients are guaranteed the most up-to-date information available.

The pbVerify Deeds Search tool allows you to do the following searches:

  1. Deeds Person Search
  2. Deeds Company Search
  3. Deeds ERF Search
  4. Deeds Farm Search
  5. Deeds Sectional Title
  6. Deeds Document

1. Deeds Person Search

The Deeds Office Person Search provides online information from the Department of Rural Development and Land Reform on property ownership on a natural or juristic person at any of the 10 Deeds Offices in South Africa.

Searches are performed by providing a name or identity (ID)/registration number. Searches are available for one or multiple Deeds Offices (with a search charge applicable for each selected Deeds Office). A batch search facility is also available and can be accessed from the Deeds Office Person Search input page.

A Deeds Person search will yield the following information:

  1. Person information, which includes the natural or juristic registered name and ID or registration number (when available). It also includes the marital status of a natural person at the time of the property transaction.
  2. Property information. All properties owned by the search subject will be displayed, including Deeds Office property description, LPI code (the unique Surveyor General code for the property, used mainly for mapping purposes), title deed number, microfilm reference, purchase price, sale date and registration date.
  3. Contracts. Contracts registered at the Deeds Office are detailed and include antenuptial contracts, interdicts, and notarial bonds.

2. Deeds Company search

A Deeds Company search will return the following information:

  1. Property information. The property information returned includes the complete Deeds Office description, LPI code, extent, diagram deed number and local authority.
  2. Ownership details (individual and juristic with ID or registration number). These include the percentage of ownership for multiple owners. Also included are the title deed document number, purchase price, purchase date and registration date.
  3. Endorsements. Deeds Office endorsements include interdicts, subdivisions, consolidations and bond details.
  4. Historical ownership of the property is noted, including the owner name, purchase price (when available) and title deed document details.

3. Deeds Erf search

pbVerify can convert any erf number into a street address for you – all you need to do is enter the official property description from the Deeds Office (erf or sectional scheme).

How to perform a Street to Erf Conversion:

  1. Select ‘Erf to Street Conversion’ from the ‘Property’ offering on the search Menu.
  2. Supply required search criteria and select ‘Proceed’. WinDeed will return a list of results that matched the criteria provided.
  3. Locate the property in the list and select ‘Search’ to perform a search.

4. Deeds Farm search

pbVerify is able to search for any farm in in South Africa by using the following search criteria:

• Farm name
• Farm number
• Portion
• Registration division

The results you will get from a Deeds Farm search include:

1. Property information.
2. Ownership information.
3. Bond information.
4. Historic document.

5. Deeds Sectional Title

pbVerify can search for any Sectional Title in South Africa by using the following search criteria:

• Scheme prefix
• Sectional title name
• Sectional scheme number
• Unit number

Search results return the following information:

1. Ownership information.
2. Sectional information.
3. Scheme details.
4. Purchase date.
5. Title deed number.

6. Deeds Document

Several kinds of documents are registered at the Deeds Office, including title deeds, bond documents, antenuptial agreements and interdicts. Searching by document number at the appropriate Deeds Office will give you the details of that document and the option to request a document copy.

pbVerify’s new revamped Deeds Search tool is easy to use, accurate, fast and free to register for. You only pay per search and there are no monthly subscription fees or registration costs whatsoever.

As soon as you’ve signed up, you will be able to instantly search for any deeds information you may require through our user-friendly web interface.

Click here for all your Deeds product pricing.

PBSA reaches out to furry friends

Featured

spca-tersia-kingLeading customer communications firm PBSA has once again reached out to animals in need by contributing to a charity drive led by Tersia King Learning Academy.

The primary school, located in the East Rand’s Tembisa township, runs an annual SPCA fundraiser aimed at giving some of South Africa’s furry friends a second chance at life.

“We use community service to try and teach our learners the meaning of Ubuntu,” says Tersia King principal, Rachelle Bezuidenhout.

All 38 teachers and 859 learners are chipping in to collect pet food in the form of cans, packs and treats. Having started in September, the fundraiser will conclude this Friday, 4 November, when the class that collects the most pet food will be announced.

Bezuidenhout says the school hopes to receive at least one can of food per child and has also been receiving donations towards the cause. The winning class will be treated to a class party and a movie.

She thanked PBSA for its financial contribution, adding that some of the money would be spent on the winning class, and some would go towards the SPCA fund itself.

“We aim to make it a memorable day for [the winning class], as [PBSA] made a memorable contribution towards us. Thank you for helping us in making it possible for our furry friends to have a few more bites to eat.”

PBSA MD Michael Springer says it is important children learn to have empathy for animals, many of which are dependent on humans.

In November last year, PBSA took part in Husky Rescue South Africa’s first sleepathon, helping the non-profit organisation raise over R55 000 for its cause – the rescue and rehabilitation of Nordic breeds of dogs.

Tersia King Learning Academy is involved in a number of other charity initiatives, including Cupcakes for Cancer and “Gogolicious Day” – a project that involves the collection of scarves for the Tembisa Children’s Home and Old Age Home.

“With all the anger around them, our young ones grow up with hate and violence, not love and tolerance. With all our charity drives, we try to instill a sense of empathy in our children, especially towards those more vulnerable than they themselves are,” says Bezuidenhout.