LONDON ENGLAND AND TEANECK, NJ – November 23, 2011 – GB Group PLC, a leading global Identity Management business and Veratad Technologies LLC, a US based provider of Virtual Identity Verification have announced that they have forged a strategic alliance affording each organisation new opportunities for expanding their respective businesses. As a GB Group partner, Veratad will be expanding its verification services to include the functionality of GB Group’s URU and ID3 technologies, making it possible for Veratad customers to benefit from checking the age and identity of more than 1 billion citizens globally. As part of this agreement, Veratad will have access to GB Group’s excellent Client Services team and expertise in markets and countries around the world where Veratad customers are seeking new business opportunities.
Within this reciprocal agreement, GB Group will deploy Veratad’s AgeMatch, IDMatch and IDMatch+PLUS verification products giving GB Group’s clients access to one of the most comprehensive verification services in the US marketplace. Providing a wide range of proprietary and unique data sources, Veratad’s products offer a high degree of compliance with a range of industry specific regulatory bodies, including the Federal Financial Institutions Examination Council (FFIEC), adherence with the USA Patriot Act specifically covering the Customer Identification Program (CIP) and standards set by the Office of Foreign Assets Control (OFAC). Innovation is a shared vision between both organisations and Veratad’s unique Social Security Number (SSN) verification feature (SSN is considered an esoteric identity element in the US) is able to validate even a partial consumer SSN – an important feature as consumers are not required to submit their full SSN.
“GB Group is a natural choice as an international verification partner” said John Ahrens, Veratad’s Managing Director. “We know that GB Group’s industry leadership and experience with international age and identity verification will bring significant value to Veratad customers doing business with individuals residing outside the US and we are excited about the many new business opportunities this alliance will bring”.
Under the terms of the alliance, GB Group and Veratad plan to work very closely together; each will be the primary source for the other in providing verifications.
Emma Lindley, GB Group’s Global Channel and Operations Director comments, “We are delighted to be working with Veratad. As we continue to expand our offering worldwide, it is vital our strategic alliances share our global vision and Veratad certainly does. By collaborating with Veratad we’re able to offer the highest standard of ID Verification services to our clients in the US and deliver seamless, cross-border trading. We’re looking forward to developing our relationship further.”
About GB Group plc
GB Group is a leading Identity Management business. It helps organisations recognise and verify all elements of an individual’s identity at every interaction. Through the application of our proprietary technology, we enable organisations to connect, communicate and transact with people safely, responsibly and profitably. In doing so, we help businesses like O2, Laura Ashley, HMRC, HBoS, LloydsTSB, Virgin Games, PartyGaming, Betfair and Ladbrokes understand their customers better to create more meaningful customer interactions – and reduce costs across the business.
Veratad Technologies, LLC is a provider of both online/real-time and batch Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual’s age or identity. Its verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad is trusted by companies large and small to provide verifications of age and identity. Its customers include some of the world’s most well known corporations who use Veratad solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.
For any further information, please contact:
GB Group plc
Maxine Morgan, GB Group
Tel: 01244 657333
Simon Johns, Bite Communications
Tel: 020 87359740
Thomas Canfarotta, Veratad Technologies, LLC
Tel: 201-510-6000 ext. 120
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