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FOR IMMEDIATE RELEASE
Veratad Technologies and Global
Verifications Partner GB Group
Prepare To Assist State Lotteries
and Online Gaming Operators with Age
and Identity Verification Solutions.
FOR IMMEDIATE RELEASE
TEANECK, NEW JERSEY, January 5, 2012
–
Veratad Technologies, LLC, a
world class provider of Identity
Verification and Compliance
Solutions, in tandem with its Global
Identity Verification partner, UK
based
GB Group, PLC have welcomed the
United States Department of
Justice’s opinion letter which
offers new clarification of the Wire
Act and have announced that it will
make available to US State Lotteries
and Online Gaming Operators, a
robust offering of online age and
identity verification solutions.
Based on the December 23, 2011
release of a United States
Department of Justice (DOJ) opinion
letter revealing a significant
change in DOJ’s position on Internet
gambling, stating that the federal
Wire Act of 1961 only applies to
sports betting, Veratad and GB Group
expect significant interest from
State Lotteries and Online Gaming
Operators looking to do business in
any newly legalized US market. The
two companies will offer consultancy
and online solutions designed to
protect against underage access and
fraud including money laundering.
“Our Veratad solutions,
AgeMatch SM,
IDMatch SM and
IDMatch+PLUS SM are
used in the US by many leading
business including those in
financial services, social
networking, wine, tobacco, digital
goods and rated entertainment. Our
clients use our service for
compliance and to protect their
sites from unauthorized underage
access and fraud” said John E.
Ahrens, Veratad’s Managing Director.
“Our alliance with GB Group will
afford a US based lottery or gaming
operator the benefit of working with
the leading global verifications
provider experienced in the gaming
sector and further allow us to check
the age and identity of more than a
billion citizens globally.”
As one of the first companies to
automate electronic identity
checking, and with over 10 years
experience providing Identity
Verification to the gaming, retail,
telecommunications and financial
service sectors, GB Group is well
placed to help the US gaming sector
with its US partner Veratad. Working
closely with regulators and online
gaming operators in Gibraltar,
Malta, Alderney, Isle of Man, US and
UK – clients are offered
comprehensive player protection,
compliance and data protection at
sub-second speed.
Emma Lindley, Global Channel &
Commercial Director at GB Group
adds, “The news that the US has
reversed its long-standing
opposition to some forms of online
gambling is tremendously exciting –
for both the US and international
business and consumers.
“While the announcement refers
specifically to lottery tickets, it
moves the chances of online gaming
across other sectors – such as Poker
and Bingo – a significant step
closer. Indeed, the nature of the
opinion together with recent
positive comments from the Obama
administration, suggests that some
forms of online gaming will be
regulated in the very near future.
More news this week reports that New
Jersey may be on course to have
online gaming legislation in place
during the first quarter of 2012,
despite a delay in reintroducing New
Jersey State Senator Raymond
Lesniak’s Internet gaming bill.
“However, opening up the industry in
this manner will mean many
consumers, businesses and industry
bodies are entering unchartered and
unfamiliar waters, so they need to
proceed with caution. Regulators
will naturally focus on player
protection, ensuring regulation and
compliance obligations are met and
that data is secure, but operators
also need to be vigilant in
protecting their sites from access
by underage or unidentified users.
“Implementing proven identity
verification systems that assess the
user’s behavior, device and identity
details will reassure organisations
that they have the best of breed
solutions so they can proceed with
confidence and build a successful,
profitable business.”
GB Group and Veratad announced their
strategic alliance back in November
of 2011. Under the terms of the
alliance, GB Group and Veratad work
closely together; each as the
primary source for the other in
providing verifications. Together,
Veratad and GB Group serve a wide
variety of organisations requiring
identity verification services.
About Veratad
Veratad Technologies, LLC (www.veratad.com)
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 further information, please
contact:
John E. Ahrens, Managing Director
Veratad Technologies, LLC
Email: jahrens@veratad.com
Phone Number: 201-510-6000 ext. 114
Web Site: www.veratad.com
About GB Group
GB Group is a leading global
Identity Management business. It
helps organizations recognize and
verify all elements of an
individual’s identity at every
interaction. Through the application
of our proprietary technology, we
enable organizations to connect,
communicate and transact with people
safely, responsibly and profitably.
In doing so, we help businesses like
Virgin Games, PartyGaming, Betfair,
32Red, SBOBet, O2, Laura Ashley,
HMRC, Baines & Ernst, GE Money and
HBoS understand their customers
better to create more meaningful
customer interactions – and reduce
costs across the business.
GB Group is listed on the London
Stock Exchange (GBG). For more
information, please visit GB Group’s
website: www.gb.co.uk. GB Group -
because identity matters™
For any further information, please
contact:
Maxine Morgan, GB Group
Email: marketing@gb.co.uk
Tel: +44 (0)1244 657333
Louise Waller, Bite Communications
Email: louise.waller@bitecommunications.com
Tel: +44 (0)20 8834 3445
Safe Harbor Statement:
Matters discussed in this press
release contain forward-looking
statements within the meaning of the
Private Securities Litigation Reform
Act of 1995. When used in this press
release, the words "anticipate,"
"believe," "estimate," "may,"
"intend," "expect" and similar
expressions identify such
forward-looking statements. Actual
results, performance or achievements
could differ materially from those
contemplated, expressed or implied
by the forward-looking statements
contained herein. These
forward-looking statements are based
largely on the expectations of the
Company and are subject to a number
of risks and uncertainties. These
include, but are not limited to,
risks and uncertainties associated
with: the sales of the company's
identity protection software
products into various channels and
market sectors, the issuance of the
company's pending patent
application, and the impact of
economic, competitive and other
factors affecting the Company and
its operations, markets, product,
and distributor performance, the
impact on the national and local
economies resulting from terrorist
actions, and U.S. actions
subsequently; and other factors
detailed in reports filed by the
Company. |
