Extending eDNA to the physical world
Palo Alto, CA – IdentityMind™, an on-demand platform tracking internet identities and providing next generation anti fraud services, today announced a new partnership with IDology, Inc, a leader in identity verification services for users in the United States.
“This partnership enables merchants, acquirers and payment service providers (PSPs) to extend IdentityMind Internet identities eDNA™ into the physical world. With IDology our platform can now verify specific identity attributes in the context of online transaction antifraud evaluation, and merchants’ or consumers’ account creation verification” said Garrett Gafke, IdentityMind’s President and CEO. “We are very excited to partner with IDology–a company also focused on the identity market.”
IDology’s ExpectID product is fully integrated into IdentityMind’s™ platform. Merchants will have the opportunity to integrate the off-line verification of identities in real time and use verification results in their antifraud decisioning process. Furthermore, IdentityMind’s real-time account creation verification technology is greatly enhanced by reassuring merchants, acquirers and PSPs of the consistency of the information presented at the time of the online transaction or the account creation. This is of great importance to PSPs as they enroll individuals as merchants where the normal underwriting practices are less applicable.
“IdentityMind’s Antifraud Platform provides an innovative approach for fraud monitoring in the payments industry, said John Dancu, CEO of IDology. “Being able to verify identities quickly is an important step in evaluating the integrity of a transaction and preventing fraud. Integrating our solutions helps IdentityMind’s customers having a higher assurance in the identity of their consumers-not-present.
About IDology, Inc.
IDology, Inc. provides real-time technology solutions that verify an individual’s identity and age for anyone conducting business in consumer-not-present environments to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology is the only provider to offer an on-demand change management tool that allows client business-unit managers to control the entire proofing process, including within an integrated solution, without having to rely on internal IT resources or contact IDology’s customer service. For more information, visit www.idology.com or call 866-520-1234.
IdentityMind™ is an on-demand platform tracking Internet identities and providing next generation risk management and anti fraud services. IdentityMind™ helps online merchants stop fraud while maximizing accepting good transactions and minimizing manual review costs. IdentityMind™ tracks Internet Identities based on its patent-pending IdentityMind eDNA™. Internet consumers are passively challenged by comparing the eDNA™ of the owner of the card to the eDNA™ observed at the time of the transaction. Identities are matched across devices, payment instruments, geolocations, etc. For more information, visit http://www.identitymind.com or email firstname.lastname@example.org.