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FOR IMMEDIATE RELEASE
Veratad Technologies
LLC Joins Coalition Leaders To
Protect Consumers From Phone Bill
Cramming
FOR IMMEDIATE RELEASE
SAN ANTONIO, October 17, 2011 –
Veratad Technologies, LLC, a
world-class provider in verification
technology services, has joined the
KnowYourPhoneBill.org coalition,
spearheaded by BSG.
KnowYourPhoneBill.org is a website
tailor-made for helping consumers
understand their phone bill and
protecting them from phone bill
cramming.
Based in Teaneck, New Jersey,
Veratad has been an industry leader
in verification technology since
March 2003. Customers from some of
the world’s most well-known
corporations use Veratad’s services
to verify customer information,
reducing the risk of fraud,
complying with regulatory requires
and providing a safer online
experience.
“Veratad
has a long history of
commitment to consumer protection,”
said Veratad’s Managing Director,
John Ahrens. “We take great pleasure
in joining the coalition members to
provide consumers with the tools
they need to protect themselves from
cramming.”
Each year, millions of consumers
choose to pay for a variety of
third-party services by having the
charges conveniently consolidated
onto their landline phone bill.
These services include long distance
calling; operator- assisted calls;
directory listings; voicemail; and
e-mail. Consumers appreciate the
convenience of having multiple
services bundled onto one bill,
which reduces their paperwork and
the number of checks they need to
write. However, each year a very
small number of bad actors may
attempt to carry out “cramming”—
which involves placing charges on
consumers’ phone bills for services
they did not request or authorize.
KnowYourPhoneBIll.org offers
consumers an easy-to-navigate
platform with interactive tools and
helpful information to understand
phone billing and protect themselves
from unauthorized charges. Consumers
can sign-up to receive e-mail
updates and news to learn more about
how they can fight against cramming.
The coalition includes additional
industry leaders which are also members of
KnowYourPhoneBill.org
About Billing Services Group
Billing Services Group (BSG) is the
nation’s largest third-party billing
and settlement clearinghouse for
local telephone service billing. BSG
partners with hundreds of merchants,
as well as several charitable
organizations to allow donors to
give to their favorite causes by
making one-time or monthly
contributions charged to their land
line telephone. The Alzheimer’s
Association and the Humane Society
of the United States are just two of
the many prestigious organizations
that have contracted with BSG for
such services. The company is
headquartered in San Antonio, Texas,
USA and traded on the London Stock
Exchange (AIM: BILL). For more
information on BSG, visit
www.bsgclearing.com.
BSG MEDIA CONTACT
Leslie Komet Ausburn BSG PR
210.326.8992
leslie.ausburn@bsgclearing.com
About Veratad Technologies, LLC
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.
In addition, Veratad offers a full
suite of online IT Compliance Tools.
Veratad’s 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. Veratad is
headquartered in Teaneck, New
Jersey. For more information contact
Tom Canfarotta: 201-510-6000 ext.
120 or by email at
tcanfarotta@veratad.com.
###
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. |
