Compuscan is a South African credit bureau that provides consumer and commercial credit information within South Africa and other African nations.
History Founded in 1994 and headquartered in Stellenbosch, South Africa, Compuscan is a subsidiary of South African-based Compuscan Information Technologies. The company, which was originally focused on providing credit history reporting for microcredit transactions, is among South Africa's leading credit bureaus and is a member of the nation's Credit Bureau Association."Credit bill aims to pull loan sharks' teeth," The Independent (South Africa), 14 August 2005 The company also provides microcredit reporting services in the neighboring republics of Botswana and Namibia."Namibia: Financial System Stability Assessment," International Monetary Fund, February 2007
In 2006, Compuscan was selected by the Bank of Uganda to build the first-ever Ugandan Credit Reference Bureau. This system, which was formally introduced in 2008, required Ugandan financial institutions to issue smart cards to their borrowers as part of a borrower identification program.
Compuscan South Africa In South Africa, Compuscan is a registered credit bureau in terms of the National Credit Act (NCA). As per the NCA, all credit bureaus in South Africa are to supply South African citizens with one free credit report per year.South African National Credit Act. The company also markets credit bureau services to businesses in the credit and financial industries; as well as training services, marketing services, analytics consultancy and loyalty and rewards offerings to a various other industries.
References
External links – German institution for credit cards for private individuals and corporations according to the international standard.