Released on: April 7, 2008, 2:40 am

Press Release Author: Smart ID Plus

Industry: Financial

Press Release Summary: Tracesmart Corporate have added a bank account validation
service to it\'s identity validation solution Smart ID Plus. The new service utilises
the ISCD (Industry Sorting Code Directory) and modulus checking to provide an
effective solution for validating bank sort-code and account numbers.


Press Release Body: Tracesmart Corporate have announced the addition of a new Bank
Account Validation Service to their proprietary =\"http://www.smartidplus.co.uk/\">identity validation solution Smart ID Plus.
This service will validate both sort-codes and account numbers to ensure the bank
account provided by your customer is legitimate. Validation is performed using ISCD
(Industry Sorting Code Directory) data and modulus checking. =http://www.smartidplus.co.uk/?page=finance>Finance institutions use modulus
checking to validate sort-code and account numbers, this form of checking differs
from one institution to another.

Smart Id Plus is a fast, electronic
alternative to manual verification. One of the leading services available in its
field, the addition of the Bank Account Validation tool will allow companies to
maximise account acquisition at branch level, reduce application times and instantly
spot any fraudulent claims. "Our proprietary href=http://www.smartidplus.co.uk/?page=eidmanual>e-ID solution Smart ID Plus,
is employed by 1000's of companies across the UK to help prevent them falling victim
to identity fraud. The
addition of our new bank account validation tool will help reduce this risk
further.\" Comments Technical Director, Paul Weathersby. \"The new Bank Account
Validation will also save time and money by decreasing the number of payments made
to bank accounts with incorrect sort code and account numbers."

Designed on the request of a loan management software provider, Tracesmart Corporate
created this state of the art bank validation tool and incorporated it into their
Smart ID Plus verification service so it could be of benefit to all their users.
\"Product development plays a key role in the success, popularity and growth of
Tracesmart Corporate as a company. Although we are already at the vanguard of our
industry, maintaining this position takes dedication - we are constantly trying to
improve our products and services as well as find new ways to help companies
diminish the risk of fraud. The addition of our bank account validation service is
just one of the new systems we have developed to achieve just this.\" Notes Managing
Director Michael Trezise.

About Tracesmart Corporate

Tracesmart Corporate is the commercial division of Tracesmart Limited, providing a
range of business services, including:

- people tracing solutions
- data cleansing
- electronic identity verification
- B2C marketing data

Tracesmart Limited are based in South Wales\' business focal point - Cardiff Bay


Paul Weathersby is an industry leading IT specialist who, in his role as Technical
Director, oversees the planning and development of Tracesmart Limited's extensive
web systems.

Michael Trezise has been involved in tracing people since 1984 and is the founder of
Tracesmart Limited. His extensive knowledge and entrepreneurial use of public domain
consumer data provides the company with a distinct competitive advantage, enabling
them to replace outdated legacy tracing solutions.

Web Site: http://www.smartidplus.co.uk/

Contact Details: Adam Smith - Marketing Manager
Tracesmart LTD
2 Sovereign Quay,
Havannah St
Cardiff
CF20 5SF

Tel: 02920 474120
Mob: 07976 637091
email: adam@tracesmart.co.uk
Photos available on request