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IDology Demonstrates New Photo ID Scan and Validation Solution at NBPCA's Power of Prepaid Event

Leading prepaid program managers and processers utilize the IDology suite of on-demand and integrated solutions to approve more customers and deter fraud - visit IDology at booth #306 at NBPCA's Power of Prepaid Show, June 26-28 in Washington, DC.

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| Source: IDology

ATLANTA, June 12, 2013 (GLOBE NEWSWIRE) -- IDology, Inc., a provider of real-time technology solutions that verify an individual's identity and deter fraud anywhere in the payments value chain, will be exhibiting at the upcoming Power of Prepaid event, June 26 – 28 in Washington, DC.

NBPCA's Power of Prepaid™ takes a holistic, comprehensive look at Prepaid and delivers sessions addressing business direction and needs, applications, technology and product innovation, as well as legislative interpretation, regulatory analysis and projections. The event is able to attract Members of Congress, leadership from the committees of jurisdiction for Prepaid, senior regulatory staff, law enforcement officials, not-for-profit partners, media thought-leaders, consumer advocates, and investors in emerging payments.
 
"We are excited to be exhibiting at NBPCA's Power of Prepaid Event and are grateful to be working with and learning from the entire prepaid community," said John Dancu, CEO of IDology, Inc. "IDology is the leading provider for identity verification in the prepaid market and we work with many of the leading players. We provide a comprehensive suite of automated identity verification and fraud prevention solutions delivered through a real time integrated platform.  Our goal is to bridge the divide between compliance and revenue by helping program managers comply with their issuing bank's rules while helping them issue more cards in a frictionless way and simultaneously providing tools to cut down on fraudulent enrollments."
 
"The Power of Prepaid event coincides well with our recent launch of ExpectID Scan and ExpectID Scan Verify, our new photo ID scan and validation solution," said Dancu. "Through ExpectID Scan and Verify, we are able to help our customers automate the entire KYC/CIP process through one integrated solution including the inefficient manual review process used today. This minimizes friction with the consumer experience, drives customer acquisition and lowers the overall costs."
 
ExpectID Scan and ExpectID Scan Verify allows companies to validate various types of photo ID's including driver's licenses, passports, state ID's and international ID's. Through this enhanced method of verification, IDology customers gain the ability to validate and approve thin file, young, new-in-country and international identities all while reducing the cost and time associated with manual review.  This process improves the customer experience by reducing any friction that may arise throughout the transaction. ExpectID Scan plugs right into the existing Expect ID suite allowing for the same flexible configuration and dynamic decisioning that come with all of the ExpectID products.
 
The IDology platform offers a complete and flexible solution to confirm an identity in a matter of seconds, including under and unbanked customers, with a friendly, non-intrusive approach that protects customer privacy.  Through advanced fraud algorithms, customers gain the control and flexibility to quickly pinpoint suspicious behavior and easily make the ongoing changes needed in order to prevent fraudulent transactions.
 
Stop by booth #306 at the Power of Prepaid to speak to the IDology team.
 
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 that ultimately helps increase customer acquisition and improve customer experience. IDology has developed an innovative and on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically – without having to rely on internal IT resources or IDology's customer service – so customers can stay ahead of the fraud landscape while maintaining compliance. For more information, visit http://www.IDology.com or call 866-520-1234.

Britni Zandbergen, Sr. Director, Marketing
678.324.3812