Detect & Prevent ID Theft With the Help of Veratad Technologies, LLC

A world class provider of Age and Identity Verification Solutions, Veratad Technologies, LLC, announced 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).

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

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

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

Dillon added: "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."

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