Payday Express Remains Strict on Fraud
Released on: August 23, 2011, 3:17 am
The Fraud Liaison Team at short-term loans provider Payday
Express has spoken out to warn potential fraudsters that just because
customers can expect a quick service online, it does not mean that
security will be compromised – and offenders will be prosecuted
Much of the payday loan industry has risen to meet customer demand for speedy
digital services, which do not require paper-based applications, meaning that funds
for loans till payday can be received quickly – often within as little as an hour.
Such practices can attract the attention of online fraudsters, who are keen to grab
credit online wherever possible without the need to forge documents. However,
forward-thinking fast payday loans company Payday Express has tackled this risk head-on by implementing a variety of
identity verification checks and other measures designed to prevent fraud via its
online application system. This means that the vast majority of fraudulent
applications are declined at the outset.
Payday Express Operations Manager Sarah Carroll said: “It is impossible to stop all
fraudulent applications, but our dedicated Fraud Liaison Team is able to make life a
great deal easier for anyone who has been a victim of identity theft in connection
with one of applications – and a great deal harder for any criminals attempting to
exploit the quick and easy online service we offer our customers.”
The Fraud Liaison team assists fraud victims, investigates suspicious circumstances,
and liaises with the police and the Serious Organised Crime Agency (SOCA) to report
fraudulent activity. Reporting instances of fraud and attempted fraud helps to
ensure that fraudsters are prosecuted wherever possible.
Employee Militza Smith has played an important role in the team, including assisting
in breaking a fraud ring earlier this year through working with the police.
Militza said: “Seeing a fraud ring uncovered shows the value in victims of identity
theft reporting the matter to the police.
“At Payday Express we work very hard to uncover any trends and links to other
applications and accounts, to be able to provide as much information as possible to
help the police to investigate identity theft and bring the perpetrators to
About Payday Express:
Payday Express is one of the UK’s leading payday advance loans specialists and has
been helping people across the country get access to no fax payday loans since 1999. The company is committed to responsible lending and provides
customers with a discreet and reliable service that will cover their short-term
For further information contact: Ashleigh Slade
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