Bothell, Washington
January 29, 2009

American Reporting Company (ARC) is please to offer a new credit product called ID Check. This is an additional level of Identity Authentication and Verification. ARC is providing this new product to it’s customers who wish to have another level of data verification in compliance with the newly mandated Red Flag Rules.

ID Check is the essential verification tool for both consumer and business information to help streamline loan application decisions and reduce fraud. Powered by Experian’s extensive verification database, ARC’s ID Check allows the financial institution to quickly and accurately validate customer information against known data sources. A powerful search engine will instantly generate and summarize results from 140 different result codes along with a verification score. This product also includes a standard OFAC alert.

ARC’s ID Check verifies and validates accuracy of customer data including the following:

o        Address

o        Social Security – full or last four digits

o        Telephone number

o        Date of birth

o        Driver’s license

The Federal Trade Commission (FTC), the federal bank regulatory agencies, and the National Credit Union Administration (NCUA) have issued regulations (the Red Flags Rules) requiring financial institutions and creditors to develop and implement written identity theft prevention programs, as part of the Fair and Accurate Credit Transactions (FACT) Act of 2003. The programs must be in place by November 1, 2008, and must provide for the identification, detection, and response to patterns, practices, or specific activities – known as “red flags” – that could indicate identity theft.

About ARC

American Reporting Company specializes is providing settlement services to the mortgage lending communities. Founded in 1986, ARC was traditionally known as a premier credit reporting agency but expanded their product offering to include appraisal services, escrow and mortgage lending education. In both 2007 and 2008 ARC was names to INC’s Fastest Growing Companies List.  For more information about and of ARC’s products go to www.arcreports.com.