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FOR IMMEDIATE RELEASE
Veratad Technologies, LLC and GB
Group, PLC Announce Strategic
Alliance
FOR IMMEDIATE RELEASE
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
SM,
IDMatch
SM
and
IDMatch+PLUS
SM 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.
About Veratad
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
Email:
marketing@gb.co.uk
Tel: 01244 657333
Simon Johns, Bite Communications
Email:
simon.johns@bitecommunications.com
Tel: 020 87359740
Thomas Canfarotta, Veratad
Technologies, LLC
Email:
tcanfarotta@veratad.com
Tel: 201-510-6000 ext. 120
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. |
