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PRESS RELEASE

ID Theft Detection and Prevention Made Easier

Veratad Tech Offers New Solution




 

Englewood, N.J. -- (June 19, 2008)Veratad Technologies, LLC, a world class provider of Age and Identity Verification Solutions announced today that its IDMatch and IDMatch+PLUS Identity Verification Solutions will now be offered to assist businesses to comply with Section 114 and 315 of the upcoming 2008 Red Flag Regulations under the Fair and Accurate Credit Transactions Act of 2003 (FACTA).

Veratad Age and Identity Verification Solutions

"Red Flag Rules apply to financial institutions and creditors such as banks, credit unions, auto dealers, mortgage brokers, utility companies and telecommunications companies" says Pattie Dillon, President of Veratad. Ms. Dillon notes that those covered by the Act have until November 2008 to come into full compliance or be subject to penalties.

Veratad's flagship products "IDMatch" and "IDMatch+PLUS" include unique and innovative features that provide a balance between protecting businesses against fraud while protecting sensitive personal data and promoting a high level of consumer privacy.

The strength of Veratad's products begin with unique data element sets used in the verification process and are enhanced by a proprietary rules-based application.

"Our solutions are ideal for meeting the identity verification and address discrepancy requirements of Section 114 and 315 of the FACT Act. The applications provide an easily deployable solution with different levels of authenticating identities, so that users can better manage their risk" said Dillon.

Veratad's verification applications are accessible through a web interface, batch process or the service can be integrated into existing web sites to assist users in creating a strong "Red Flag Rules Identity Theft Prevention Program" that is compliant with Section 114 and 315 of FACTA.





SOURCE: Veratad Technologies, LLC

 
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