USA: Veratad Assists Jewelry Industry in Fighting Fraud

TEANECK, NJ: Veratad Technologies, LLC, a world-class provider of Identity Verification and Compliance Solutions, announced that the Jewelers Vigilance Committee, the trusted jewelry industry resource for trade and consumers, has selected Veratad as its first Affiliate Partner.

As a JVC Affiliate Partner, Veratad will offer its Online Identity Verification Services and Red Flags Rule Compliance Tools at a discount exclusively to JVC Members. Veratad’s solutions will assist jewelers in significantly reducing fraud and chargebacks and will also support jewelers’ legal compliance obligations by identifying customers and business partners (required by the USA PATRIOT Act) and facilitating compliance with the FTC’s Red Flags Rule legislation requiring a written identity theft prevention program for jewelers who extend credit.'

Said Cecilia Gardner, JVC’s president and CEO, “JVC’s Affiliate Partnership program provides services that help jewelers to protect their businesses from risk and help them meet their legal compliance obligations. The JVC - Veratad Technologies partnership, a first-ever venture for both JVC and Veratad, can help jewelers to stop fraudulent purchases, avoid costly chargebacks and meet their USA PATRIOT Act and Red Flags Rule compliance obligations. Veratad’s real-time services are reasonably priced and easy-to-use.”

“It is certainly an honor to have been selected as JVC’s first Affiliate Partner. We are very excited about this opportunity to work with JVC in assisting their members meet regulatory requirements while reducing incidents of fraud and chargebacks” said John Ahrens, Veratad’s Managing Director. “JVC is recognized as the premier legal and compliance resource for jewelers nationwide and as partners we can offer jewelers a valuable combination of expertise and technology driven compliance and fraud prevention solutions.”

About Jewelers Vigilance Committee
Jewelers Vigilance Committee, founded in 1917, is a not-for-profit legal trade association fulfilling its mission to maintain the jewelry industry’s highest ethical standards. JVC offers dispute mediation and arbitration services for trade and consumers, compliance monitoring and precious metals testing, among many other services. JVC, long considered the industry’s guardian of ethics and integrity is a resource for the entire jewelry industry and its customers as well as an industry representative before government agencies, media and adjunct fields.

About Veratad Technologies, LLC
Veratad Technologies, LLC is a world class provider of real-time online Identity Verification and Knowledge Based Authentication Solutions designed to verify an individual’s identity and age while maintaining a high level of consumer privacy. In addition, Veratad offers a unique online Red Flag Rules Compliance tool for the creation of an ID Theft Prevention Document and Employee Training designed to meet the compliance requirements of FACTA.

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Added: August 6, 2010 Source: pr web
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