Software specialist appointed as accredited re-seller credit bureau

Posted in News by Admin on 1 March, 2018 at 4:40 p.m.

Software as a Service specialist, e4, has successfully met the National Credit Regulator (NCR) requirements and is now an accredited reseller credit bureau. This announcement falls in line with the relevant provisions of amended National Credit Act, 2005, which requires any business that receives reports containing consumer credit information, other than information that is in the public domain, must be registered. e4 works closely with a wide range of credible data search providers, including all of the major credit bureaus. This accreditation enables e4 to continue to resell data via SearchWorks from all of the major credit bureaus.

Sameer Kumandan, head of the data division at e4.
Sameer Kumandan, head of the data division at e4.

Sameer Kumandan, head of the data division at e4, says that the accreditation forms part of e4’s commitment to regulatory compliance and providing best of breed services and solutions to its customers: “Becoming an accredited credit bureau is a long-term compliance commitment. e4 has not only ensured its SearchWorks systems are fully compliant, but that it will also conduct annual NCR audits. We are proud of our accreditation and look forward to continuing our leading product development and service provision.”

In meeting the NCRs regulatory requirements, Kumandan says that all registered resellers will no longer be permitted to house information for longer than 72-hours: “The NCR is working in conjunction with the Protection of Personal Information (POPI) Act to ensure that consumer information and the right to privacy is adhered to by all service providers.”

It is important for consumers to be aware of their rights, as it is vital for service providers to understand their responsibilities and the regulatory requirements when providing any consumer data at a cost according to Kumandan.

Submitted by: MyPR
Main Image URL

Solidariteit Beweging stel digitale kultuurtuiste bekend vir Afrikaners oraloor

“Ons wil Afrikaners help om hul taal, tradisies en waardes lewendig te hou."
Pieter Jordaan

iOlogue Media's new publication flips the script on markets and tech

The content is aimed at younger adults, but also resonates with anyone looking for a break from clickbait material.
Charlotte Hayes

Solidariteit verwelkom VSA-verslag oor plaasaanvalle

Die aankondiging dat die VSA die brutaliteit van plaasaanvalle erken word ten sterkste deur Solidariteit verwelkom.
Pieter Jordaan

Mitchell's Plain police seize firearms during gang patrol

A 28-year-old man was arrested and is facing charges related to the illegal possession of prohibited firearms and ammunition.
Anchen Coetzee