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FOR IMMEDIATE RELEASE
Veratad Technologies, LLC Selected
as First Affiliate Partner by
Jewelers Vigilance Committee.
Teaneck, NJ (PRWEB) August 4, 2010
Veratad Technologies, LLC, a
world-class provider of Identity
Verification and Compliance
Solutions, announced that the
Jewelers Vigilance Committee, the
trusted jewelry industry resource
for trade and consumers, has
selected Veratad as its first
Affiliate Partner.
As a JVC Affiliate Partner, Veratad
will offer its Online Identity
Verification Services and Red Flags
Rule Compliance Tools at a discount
exclusively to JVC Members.
Veratad’s solutions will assist
jewelers in significantly reducing
fraud and chargebacks and will also
support jewelers’ legal compliance
obligations by identifying customers
and business partners (required by
the USA PATRIOT Act) and
facilitating compliance with the
FTC’s Red Flags Rule legislation
requiring a written identity theft
prevention program for jewelers who
extend credit.
Said Cecilia Gardner, JVC’s
president and CEO, “JVC’s Affiliate
Partnership program provides
services that help jewelers to
protect their businesses from risk
and help them meet their legal
compliance obligations. The JVC -
Veratad Technologies partnership, a
first-ever venture for both JVC and
Veratad, can help jewelers to stop
fraudulent purchases, avoid costly
chargebacks and meet their USA
PATRIOT Act and Red Flags Rule
compliance obligations. Veratad’s
real-time services are reasonably
priced and easy-to-use.”
“It is certainly an honor to have
been selected as JVC’s first
Affiliate Partner. We are very
excited about this opportunity to
work with JVC in assisting their
members meet regulatory requirements
while reducing incidents of fraud
and chargebacks” said John Ahrens,
Veratad’s Managing Director. “JVC is
recognized as the premier legal and
compliance resource for jewelers
nationwide and as partners we can
offer jewelers a valuable
combination of expertise and
technology driven compliance and
fraud prevention solutions.”
To learn more about this valuable
service and partnership visit
www.veratad.net/jvc
About Jewelers Vigilance Committee
Jewelers Vigilance Committee,
founded in 1917, is a not-for-profit
legal trade association fulfilling
its mission to maintain the jewelry
industry’s highest ethical
standards. JVC offers dispute
mediation and arbitration services
for trade and consumers, compliance
monitoring and precious metals
testing, among many other services.
JVC, long considered the industry’s
guardian of ethics and integrity is
a resource for the entire jewelry
industry and its customers as well
as an industry representative before
government agencies, media and
adjunct fields. For more information
visit: www.jvclegal.org.
About Veratad Technologies, LLC
Veratad Technologies, LLC (
www.Veratad.com) is a world class
provider of real-time online
Identity Verification and Knowledge
Based Authentication Solutions
designed to verify an individual’s
identity and age while maintaining a
high level of consumer privacy. In
addition, Veratad offers a unique
online Red Flag Rules Compliance
tool for the creation of an ID Theft
Prevention Document and Employee
Training designed to meet the
compliance requirements of FACTA.
For More Information Contact:
Pattie Dillon
President
Veratad Technologies, LLC
Teaneck, New Jersey
P: 201-510-6000
F: 201-510-6036
Forward-Looking Statements
In
addition to the historical
information contained herein, this
press release contains forward
-looking statements, such as
statements regarding the Company's,
and the combined companies',
anticipated future performance,
including the ability of the
combined companies to expand
verification and e-commerce
capabilities; to increase product
offerings and the size of the
distribution channel; as well as
statements containing the words,
"believes," "intends,", and similar
words. Such forward-looking
statements involve known and unknown
risks, uncertainties and other
factors which may cause the actual
results, performance or achievements
of the Company, or industry results,
to differ materially from any future
results, performance or achievements
expressed or implied by such
forward-looking statements. Such
factors include, among others: the
Company's limited operating history
and variability of operating
results; competition in the
electronic verification and commerce
market; the ability of the combined
companies to successfully offer the
market expanded verification and
privacy tools and e-commerce
capabilities and services and the
market's acceptance of such
offerings, and other risk factors
referenced in this release. |
