Edentify Brings its ID Theft Monitoring Tool to FNB Merchants’ Nationwide Client Base
Posted by Terrence DeFranco on Wed, Aug 01, 2007 @ 07:06 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY), a leading provider of identity management and fraud detection solutions, today announced a new partnership with FNB Merchants, and their patented authentication software solutions. Under the terms of the agreement, Edentify will incorporate its proprietary IDAlert™ identity fraud monitoring software into FNBM’s four-service (education, monitoring, insurance, recovery) identity theft protection program. This partnership brings Edentify’s technology to FNBM’s client financial institutions nationwide. In addition, FNBM will replace its recovery service with Edentify partner National ID Recovery’s (NIDR) advanced remediation tool. The combination of these two potent technology services further strengthens FNBM's identity theft protection program, and improves FNBM’s recovery process.
“We are very excited to enter into this partnership with FNB Merchants as it will make Edentify’s flagship consumer IDAlert™ product available through their extensive national financial institution client base,” says Terrence DeFranco, CEO of Edentify. “Additionally, FNBM has an outstanding reputation for being on the cutting edge in providing its card service clients best of breed technology solutions and we are very pleased to be incorporated into their product suite. This relationship allows Edentify to position itself with an outstanding partner with unique distribution channels, and it is a demonstration of the flexibility of our robust IDAlert™ product.”
Now, FNBM will offer banks and financial institutions nationwide Edentify’s IDAlert™ as the fifth part of their identity theft protection program. Clients will use the technology to set a baseline identity score for their customers. IDAlert™ will then compare customers’ identity data and activity to the baseline scores regularly to detect manipulation and theft.
This lets FNBM clients discover identity theft within 30 days of its occurrence, and begin remediation immediately. FNBM will also offer its staff IDAlert™ as an employee benefit to enhance their identity theft protection.
“Working with Edentify, and their partner National ID Recovery, increases the appeal of FNB Merchants’ offerings to financial institutions around the country,” says Bryan Ansley, CEO of FNB Merchants. “With one deal, we expand our multi-part approach to ID protection with world-class ID monitoring through Edentify’s IDAlert™, and the most advanced remediation services through National ID Recovery.”
FNB Merchants’ identity theft protection program also includes education, credit monitoring, and insurance. FNBM conducts seminars at banks and community centers to teach the financial institution customers about identity theft protection. The company also offers clients’ customers access to their credit information so they can check for fraudulent charges. Lastly, FNBM offers insurance policies to reimburse identity theft victims’ expenses.
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT FNB MERCHANTS
Offering a suite of services to include Credit Card Processing, Credit Card Issuing, Fraud Prevention and ID Theft Protection programs principally to financial institutions, FNB Merchants distributes programs throughout the U.S. With end users numbering in the millions and encompassing all 50 states FNB Merchants is the premier provider in their field.
ABOUT NATIONAL ID RECOVERY
National ID Recovery, LLC (NIDR) was formed in April 2004, NIDR is a technology driven company providing the most complete managed identity theft recovery solutions available. Through customized solutions, NIDR provides the tools necessary to fully recover a person’s identity no matter how, when or where the identity was compromised. With a 100% managed recovery rate, NIDR is a valued solutions partner to Fortune 1000 corporations, large organizations, and financial institutions. National ID Recovery, LLC is a privately held company with extensive experience in identity theft, security, information technology, management, and compliance based in Norcross, GA. For more information please call (877) 253-0100 or visit us at www.nationalidrecovery.com.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us