Partnership provides prepaid industry with CIP/KYC compliant solution on TxVia’s platform
ATLANTA, GA – TxVia, Inc., a leader in processing technology for prepaid and emerging payments, and IDology, a leading identity verification provider, today announced a partnership to better serve the prepaid and emerging payment industries. TxVia is integrating IDology’s identity proofing solutions within its processing technology to help customers meet CIP/KYC compliance.
“IDology’s provides a very flexible and configurable solution that our customers can use to meet CIP/KYC compliance,” said Anil D. Aggarwal, CEO at TxVia. “We’ve seen very positive results with our customers using IDology in that they are able to better identify thin file demographics and review all of the details using IDology’s reporting features. Integrating IDology’s solutions into our processing technology gives our customers the opportunity to take advantage of these benefits.”
IDology’s services are integrated with TxVia’s platform-as-a-service (PaaS) delivery model for payment processing, which is the payment industry’s first “platform builder” and is a fully customizable solution that supports companies specialized processing needs. With PaaS, TxVia is able to rapidly and cost-effectively create highly customized and fully segregated processing platforms for their clients. IDology’s solutions provide a comprehensive identity verification solution to CIP pass individuals and escalate to a higher level of verification when needed and quickly determine someone is who they say they are.
“As the prepaid and emerging payment industries continue to grow, it is important that they can quickly meet compliance initiatives without slowing down the approval process,” said John Dancu, CEO of IDology. “There is a great synergy between TxVia and IDology in that we both provide fully customizable solutions which will help prepaid customers quickly respond to the changing demands in this market.”
TxVia offers the most advanced processing technology for prepaid cards and other emerging payments, as well as comprehensive supporting services. Our solutions encompass the full scope of consumer, corporate and government payment applications. We enable electronic payments with a platform-as-a-service (PaaS) delivery model. PaaS is not a one-size-fits-all platform. It is a fully customizable solution that supports your specialized processing needs. Our clients, which include some of the largest payments companies in the world, realize significant time-to-market, cost, scalability, reliability and security benefits.
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