Key agreements signed with Veda and Edentiti

14 NOVEMBER 2014
Access agreements signed with Veda and Edentiti
Agreements demonstrate the Company’s commitment to assurance
in operating its peer-to-peer marketplaces
DriveMyCar commences rental of the first of the fleet of vehicles to
be made available by Interleasing
Directors confirm participation in SPP.
Qanda Technology Ltd (ASX:QNA) (Qanda or the Company) is pleased to announce that its
DriveMyCar Rentals business unit has concluded key agreements with providers of online
identity verification and credit checking services to bolster the assurance and security of its
peer-to-peer marketplaces.
The first agreement was signed with Veda Group Limited (ASX:VED), the largest credit
reference agency in Australia and New Zealand. The agreement provides access to the
VedaScore product which provides DriveMyCar with real-time access to credit reports for
over 16.4 million individuals in Australia and enables the business to complete online
verification of all proposed drivers as part of the Driver registration process.
A second agreement was signed with Edentiti Pty Ltd providing access to the market leading
D&BgreenID product which provides online verification of users of DriveMyCar using their key
documents such as driver’s licences and passports that individuals select and authorise as
appropriate as part of the car Owner and Driver registration processes. D&BgreenID is used
by major banks, credit unions, brokers, online gaming providers and government agencies
including NAB and Australia Post.
Chris Noone, Qanda CEO commented “The addition of D&BgreenID and VedaScore
demonstrates the Company’s commitment to being at the forefront of developing trusted
online communities in Australia. The establishment of trust between individuals is key to any
peer-to-peer transaction and with the incorporation of D&BgreenID and VedaScore into the
DriveMyCar business model we have greatly increased the potential for transactions to take
place with confidence and security.”
Further to the ASX release dated 23 October 2014 announcing the signing of a strategic
agreement with Interleasing (Australia) Limited (Interleasing), a wholly-owned subsidiary of
McMillan Shakespeare Ltd (ASX:MMS), DriveMyCar has commenced rental of the first of the
vehicles to be accessible under the agreement. Interleasing are in the process of making
additional vehicles available as part of DriveMyCar’s fleet.
Qanda Technology
As announced to the market on 5 November 2014, the Company is currently undertaking a
Share Purchase Plan (SPP) to its shareholders. Mr Adrian Bunter and Mr Domenic Carosa,
non-executive directors of the Company, have confirmed their intention to participate in the
SPP which closes on Friday, 21 November 2014.
Mr Noone, CEO, was not a shareholder on the Record Date of the SPP and as a result, he is
unable to participate in the SPP offer. Mr Noone recently made an on-market purchase of
Qanda Shares as notified to ASX on 10 November 2014.
Authorised by:
Chris Noone
CEO and Director
Qanda Technology Ltd
Email: [email protected]