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LITTLE ROCK, Ark. and CHICAGO – TransUnion and Acxiom Corporation have teamed up to launch the Fraud Management Platform as a way to help clients fight fraud. The Fraud Management Platform uses TransUnion’s and Acxiom’s multiple reference databases to verify a consumer’s identity at any point of sale from call centers and Web sites to credit applications. Government and industry sources say fraud losses in the financial services, telecommunications and insurance industries is a multi-billion dollar problem. According to a Federal Trade commission study, identity theft alone is expected to grow to $8.6 billion by 2006. Acxiom Corporation is an information management solutions provider. TransUnion is a global information solutions company.

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