TransUnion has sold its Recipero business – which operates in both the UK and US – to its current management team.
The management buyout represents a return to independence for Recipero which was established in 2000 and has enjoyed consistent success providing data solutions to detect and prevent theft and fraud in the world’s mobile device communities.
“We’re very pleased to have agreed to this buyout with Recipero’s current management team, since the business no longer aligns with our global model,” said Satrajit “Satty” Saha, CEO of TransUnion UK. “With their experience in the business spanning two decades, and a track record of success, we’re confident that the company will continue to thrive. We will be working together in the future and wish them success in this exciting new chapter.”
TransUnion will continue to offer fraud and ID solutions using state-of-the-art technology, to help clients verify more customers and reduce the risks of fraud.
Recipero chief operating officer Les Gray said: “Having established a loyal client base over the years, spanning both public and private sector, we will continue to operate as we do currently, without any disruption. We welcome the opportunities that lie ahead for us as an independent business as we move into 2020.”
Steve Shepherd, Recipero’s chief technical officer added: “We’re looking forward to this exciting new start and will be developing our offerings to support crime reduction and due diligence as we embark on a new year and a new beginning.”
Recipero provides a range of solutions for both businesses and consumers for fraud prevention, crime investigation, device due diligence and more, with the management team committed to maintaining and enhancing their products and services.
Now Recipero is formally part of TransUnion after being acquired by the leading global risk and information solutions provider last month (19th June), there will be a phased approach to changing our appearance which we expect to complete by the end of the year. Becoming part of TransUnion is an important step in making it easier for companies to do business with us, both domestically and internationally, by providing access to greater expertise across global markets.
What does it mean for you?
During this time of change, our priority remains on continuing to deliver the excellent level of service and insight that our customers have grown to expect.
As the phased integration process continues, you will start to become familiar with TransUnion which already has a presence in over 30 countries worldwide. The company will be referred to as ‘Recipero, now part of TransUnion’ during the initial stage, as reflected in the logo.
If you have any questions about the acquisition and integration process, please reach out to your account management team or for more information you can click here.
We look forward to bringing you further news as our integration journey continues throughout the year.
Imagine a scenario where you’ve seized the mobile phone, tablet, laptop or other digital device in the course of your investigation. You’ve downloaded the contents or interrogated the device for evidence. With any luck, you’ve found something to assist you to seek well-earned justice for the victim in the case, but why stop there…
Tap the IMEI or serial number into the National Mobile Property Register (NMPR) which has a wealth unique data drawn from the Recipero Crime Reduction Ecosystem. To find the IMEI on any phone dial *#06#. Device data collected from various sources starts to form a picture of the device’s history and provides intelligence that can reveal more about the device itself than the contents of it, helping you make more of every lead.
We have helped to join the dots for a wide range of use cases and investigations ranging from all different types of crime, missing persons, organised crime, custody suite checks on property in the possession of detainees and many others.
If you are interested in finding out more about the ways the NMPR can help make you more efficient in the fight against crime then please get in touch. We recently helped North Wales Police with a week-long force-wide training roadshow which has already started to yield positive results.
Thanks for reading and I look forward to working with you soon!
Police Business Development Manager
Running from 12-14th September and offering 12,000 square feet of exhibitors showcasing best of class in wireless repair. The Wireless Repair EXPO will offer live hands-on training and business owner’s workshop sessions onsite. Learn techniques on how to support and improve your business.
On the 12th September Jack McArtney, the VP Industry Relations for Recipero and leading innovator in mobile device fraud and theft will be presenting between 4-5pm.
Jack will be discussing how to improve confidence in buying and selling smartphones by using Recipero’s ecosystem of reliable operators, resellers, consumers and law enforcement showing you how the industry could save billions and strengthen reliability of IMEI data on lost, stolen, blocked or blacklisted phones.
Then join us for a cocktail party to round up the event and network with people in the know.
The Wireless Repair Expo 2017 is being held at the Moscone Center, 747 Howard Street, San Francisco, CA 94103.
For further information please contact us (Recipero website / email) or visit the following site for additional event details: http://www.wirelessrepairexpo2017.com/
The very first ‘Registration Station’ is now in operation for anyone who purchases a bike or takes it in for repairs or servicing. There is a conveniently set up station in the store where you can register your bike there and then. It’s quick and easy and a perfect solution to encourage people to protect their property.
Registering your bike on immobilise means you are more likely to get your stolen property returned to you. The Police have a direct link via the NMPR to be able to quickly and easily trace the rightful owner of the property and if found stolen can make convictions much faster. According to Cycling UK, a bike is stolen every 90 seconds in Britain. Despite this, only two percent of bike owners bother to register their bike to aid its recovery.
Richard Landsdown, from The Bike Shed, said:
We are delighted and very keen to be kick-starting the initiative in Cardiff and truly believe that this is the most positive anti-bike theft initiative that we have found. Thousands of bikes will be registered with us this year and the Immobilise station is accessible to everybody in store. The more people who register, the harder it will be for bike thieves.
Les Gray, Commercial Director for Immobilise, said:
We are pleased to support this initiative that benefits bike owners and reduces crime. It’s a great example of responsible retailing and pro-active policing – ownership registration within the shop will ensure the quick and easy process is made even more convenient and captured at point of sale or service.
Recipero is pleased to announce that is has been acquired by Callcredit Information Group in a deal designed to accelerate the growth of the company’s fraud and identity protection strategy.
Recipero has built one of the world’s largest proprietary databases containing detailed information of the history and ownership of mobile devices. The business delivers over 5 million reports each month that enable retailers, recyclers, insurers, traders, the public and law enforcement to make informed decisions.
Mark Harman, Recipero CEO, said:
Becoming part of Callcredit Information Group is a perfect fit for our business and provides a unique opportunity for Recipero to build on its UK success. This also signifies a step change in our ambitions allowing us to accelerate our plans to expand our capabilities and scale the US business where we have already established a strong base.
Recipero’s technology is used to detect and prevent mobile device theft and fraud; comply with legislation around the handling of secondary-market mobile device transactions; and assess whether a device can be activated on a particular mobile network.
Mike Gordon, CEO, Callcredit Information Group, said:
The acquisition demonstrates our commitment to expanding our fraud and identity protection capabilities and will accelerate growth, provide the opportunity to develop unique, new offerings for our customers and support overseas expansion through Recipero’s US footprint.
Chris Green, Chief Commercial Officer, Callcredit Information Group, said:
The explosion in use of mobile devices for financial transactions, means mobile devices present the biggest, single point of failure for identity theft and fraud. If your phone is stolen, a criminal has everything they need to access your digital identity, including personal, sensitive and financial information.
Recipero offers a natural extension to our existing fraud and identity protection solutions and has a number of products that will be embedded into many future solutions.
Recipero will be combined into Callcredit’s existing fraud and identity protection solutions business, where the integration of products and solutions will enable Callcredit to bring differentiated solutions to its customers. Recipero and Callcredit operate in sectors which are complementary to each other, including, mobile network operators, retailers, mobile electronics recyclers, insurers, logistics and finance companies, device repair shops, warranty providers and law enforcement agencies.
About Recipero www.recipero.com Recipero is the leading data aggregator and innovator in personal possession fraud and theft prevention worldwide. The “Recipero Crime Reduction Ecosystem” works to protect consumers and business through provision trade intelligence services. Forming part of millions of decision-making processes and transactions every month, Recipero’s data and intelligence solutions are provided online, in real-time, and are used globally by law enforcement, insurers, recyclers, retailers and consumers.
About Callcredit Information Group www.callcredit.co.uk Callcredit Information Group specialises in database marketing solutions, credit referencing and software analytics and fraud, and is an expert in managing consumer data for businesses across every sector. The Group is structured into four divisions, Credit Solutions, Marketing Solutions, Software, Analytics and Fraud, and Consumer Markets. Callcredit focuses on developing innovative products and services across these divisions to help businesses make smarter and informed decisions throughout the customer lifecycle.
Founded in 2000, the Group includes the UK’s second largest credit reference agency (CRA) and employs approximately 1,000 professionals across Leeds, Kent, Bath, London, Warrington and Stockport, and also has offices in Japan, China, Dubai and Lithuania and agents working across international markets. In 2014 Callcredit was acquired by private equity business, GTCR. In a first for UK consumers, in 2011 Callcredit launched Noddle (www.noddle.co.uk), the free-for-life credit reporting and scoring service with no hidden fees or 30-day trial periods, which now has more than two million customers. This service helps individuals to check their credit report and credit score and protect against fraud and identity theft.
Recipero are pleased to announce the global launch their new CheckMEND website. The new mobile friendly design helps CheckMEND users run real-time reports to avoid trading stolen phones and mobile devices, regardless of location or access-device.
Launched simultaneously in the US, UK and EU the new responsive site has been well received by CheckMEND’s extensive footprint of users which include national consumer electronics retailers, international recyclers, traders and the public.
CheckMEND produces real-time history reports based on comprehensive data published into Recipero’s Device Service Bureau by numerous organizations covering mobile networks, retailers, police, insurers, lease providers and the public.
Reports are delivered instantly to aid buying/selling decisions, helping CheckMEND users avoid financial loss, legal implications and hassle that’s often associated with handling devices with questionable backgrounds!
The service doesn’t stop there either; CheckMEND Status Change Alerts are a powerful feature that helps mitigate issues that can occur when a smartphone or other mobile device is reported as lost or stolen after a check is performed!
For more information about CheckMEND’s features, how it creates savings for customers, helps Police provide Safe Trader Schemes, and aids compliance with the Recyclers Code of Practice please visit www.checkmend.com or www.recipero.com
Amtel Wireless, T-Mobile’s sixth largest dealer network, today announced that Recipero’s StockWatch Program has produced a better than expected ROI for the Amtel Loss Prevention Group.
Recipero’s StockWatch subscription service enables retailers to monitor their unsold inventory by creating custom alerts from activity from Recipero’s global Device Service Bureau. Recipero’s Device Service Bureau is the industry’s leading provider of stolen and lost device notification, as well as device activation status and history. It manages over 5 million inquires per month from mobile operators, device traders, recyclers, mobile insurance providers and law enforcement agencies.
Amtel’s participation in StockWatch creates awareness that their unsold inventory has been published in the Recipero Device Service Bureau, and is being continuously monitored, so cannot be traded or sold. This helps law enforcement to combat in-store theft, organized crime, and local gang activity.
Robert Sanchez, Director of Amtel Operations/Loss Prevention says:
“StockWatch has completely changed how we look at mobile device monitoring. It has enabled us to change the culture, to enhance our “perception of control” by allowing us to be able to highlight the various tools we use to monitor and detect for theft. As we plan for future store growth, training new team members about Recipero and StockWatch will become standard operating practice. Knowing that we are actively monitoring each and every IMEI in our system has enabled us to drive home the message – think twice before taking the device.
The StockWatch solution complements Amtel’s existing Audit & Compliance program and is an early warning system. It also works to reduce the value to the fraudster in possession of the device, by reducing its value to the second-hand trader. StockWatch can be used in conjunction with and to supplement existing fraud measures of mobile device dealers.
“Within the first 45 days of subscribing to StockWatch , we recovered a batch of iPhones that had been stolen from inventory.” The ROI didn’t just stop after the first 45 days, we are still getting information on devices monitored by StockWatch involved in other investigations. A final point, StockWatch has enabled me to broaden my networking base with other professionals that have resulted in employee dishonesty investigations and other contacts with a great team working mindset. It’s been a great investment!
David Dillard, Recipero’s Managing Director of the Americas,:
“We are excited that was able to quickly validate the ROI associated with their StockWatch subscription. Together with partners like Amtel, we continue to mitigate against the theft of unsold inventory.”
The National Pawnbrokers Association (NPA) took another step forward in the fight against crime when it agreed to work closely with Recipero to benefit from and contribute to the Recipero Crime Reduction Ecosystem.
The NPA have entered into a Memorandum of Understanding with Recipero, to help facilitate provision of our CheckMEND history reporting service – enabling pawnbrokers across the UK to check that items being offered to them have not been reported lost or stolen.
National Pawnbrokers Association Chief Executive, Ray Perry, said:
“This is yet another step by pawnbrokers to help the police to crack down on crime”.
“We endorse the ‘Gold Standard’ whereby pawnbrokers check for ID and use UV lights to check for forensic property marking”.
“In London, we endorse the ‘Safe Seller’ scheme where pawnbrokers keep clear records so that criminals are kept away from stores. In Scotland, we are working with the police via regular meetings of our Forum to crack down on crime. Across England and Wales, we are working with the Home Office on measures to stamp out crime”.
“Now – with our agreement with Recipero – NPA members can use CheckMEND to check whether any items that enter their stores have been reported as stolen”.
“All this and more demonstrates clearly that 21st century pawnbroking has a zero tolerance approach towards crime”.
Les Gray, Operations Director from Recipero added:
“We are delighted to be working with the NPA and their members to help them trade safely through use of CheckMEND.”
“CheckMEND, as part of Recipero’s Crime Reduction Ecosystem provides risk mitigation to NPA members and by preventing the trade of stolen goods works to reduce the incentive to steal. Integration with the Police National Mobile Property Register ensures that attempts to trade stolen property are alerted to police and insurers in real-time.”