The IDology solution helps CARD.com address the specific needs of the prepaid industry – driving the highest number of legitimate customer card activations, identifying and deterring fraudulent applications, while also maintaining regulatory compliance.
CARD.com, the mobile alternative to traditional branch banking offering consumers thousands of personalized affinity prepaid debit cards, today announced their partnership with IDology, the go-to provider of innovative technology solutions that verify an individual’s identity and deter fraud anywhere in the payments value chain.
CARD.com has integrated IDology’s real-time, on demand identity verification and fraud prevention solution into their Customer Identification Program (CIP) process in order to improve their customer approval cycle, streamlining customer onboarding while also preventing fraud.
“We are excited to partner with IDology and help us quickly and easily verify customers throughout the onboarding process,” said Ben Katz, CEO and Founder of CARD.com. “Ensuring that legitimate customers can gain access to our services without friction while also stopping fraud and meeting the necessary compliance regulations are the main reasons why we selected IDology’s solution.”
“We are thrilled to announce our partnership with CARD.com,” said John Dancu, CEO of IDology. “Proofing an identity is no longer sufficient given the sophistication of fraudsters. Fraudsters are constantly changing their tactics in order to beat the system. That is why the IDology platform goes well beyond simple identity verification in order to detect and deter fraudulent applications – providing visibility into potentially fraudulent identity discrepancies while also reducing the friction for legitimate customers. Customers can leverage the power of our collaborative network to easily spot fraud trends and make the necessary changes to their program on-demand.”
“By opting into the IDology Network, we have been able to collaborate with other industry leaders,” said Katz. “It is our mission to protect our customers and potential customers from fraud. By leveraging the entire IDology Network, we can gain confidence that the good customers are gaining access and the fraudsters are being stopped. There aren’t many service providers in the payments space that feel like real software companies. IDology is a customer-centric, enterprise provider that can deal with the complexities of the regulatory environment while remaining entrepreneurial and fast to innovate.”
CARD.com is on a mission to make prepaid cards simple and fun. We’re revamping personal finance with the aim of creating financial products that speak to the passions of consumers while providing a banking alternative that fits seamlessly into today’s mobile lifestyles. CARD Corporation’s Board of Advisors include QED Investors’ Nigel Morris (co-founder of Capital One), Sandy Grushow (past Chairman of Fox Television), and Raja Doddala (New Business Ventures at 7-Eleven). For more information visit: CARD.com
About IDology, Inc.
IDology, Inc. provides real-time technology solutions that verify an individual’s identity and age for anyone conducting business in a consumer-not-present environment to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology offers a solution-driven approach to identity verification and fraud prevention. IDology is the only provider to deliver an on-demand change management tool utilizing point & click functionality that allows customers to control the entire proofing process without having to rely on internal IT resources or IDology’s customer service. For more information, visit http://www.idology.com or call 866-520-1234.