APNewsBreak: Experian decides not to renew deal

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Associated Press

Posted on September 17, 2013 at 6:00 PM

Updated Tuesday, Sep 17 at 6:00 PM

COLUMBIA, S.C. (AP) — The company that received $12 million to provide South Carolina taxpayers a year of credit monitoring says the state's not offering enough this time.

Instead, Experian wants the nearly 1.5 million people who signed up with it to renew for $12, potentially bringing the company millions more for services the state is also paying for.

Gov. Nikki Haley negotiated Experian's contract last October after a cyber-thief stole the unencrypted personal information of 6.4 million residents and businesses from the state Revenue Department.

Legislators decided in the budget to extend monitoring services, this time through a bid process, which is still under way.

Lawmakers sought better protections and designated $10 million for the first year of a five-year contract.

Experian spokesman Greg Young said Monday the company decided not to participate.

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