aurionPro and IDology Make it Easy for Payments Industry to Combat Fraud
Submitted by: IDology
2012-05-08 14:53:25
Atlanta, GA (OPENPRESS) May 9, 2012 -- aurionPro Solutions, a leading global software and consulting firm, and IDology, a leading identity verification provider, today announced a partnership to better serve the financial services and payments industries. aurionPro now provides integration services for IDology's Software as a Service (SaaS) identity verification solutions as demonstrated with the work the company did helping to integrate the IDology identity verification solution to the Obopay payment platform.
As John Tumminaro the CTO and Cofounder of Obopay explains, "To keep our platform safe, and compliant with regulatory requirements, means protecting our consumers from identity theft and fraud. We are committed to delivering secure mobile payment services using the best technology available, like IDology's identity verification. We partnered with aurionPro to help us to put all of the different pieces together."
Obopay selected aurionPro to assist in the integration and development of its platform with important components like the IDology service. By incorporating IDology's solution, Obopay is able to better prove the identity of people in customer-not-present situations to make sure they are who they say are.
"Fighting fraud and meeting compliance are two very important components in the payments industry. IDology's solution helps us do both and aurionPro helped us integrate it into our platform," said Tumminaro.
IDology offers different levels of identity verification including dynamic knowledge- based authentication, which relies on out-of-wallet challenge questions to determine someone is who they say they are. aurionPro worked with IDology to implement IDology's ExpectID and ExpectID IQ solutions, which financial services companies use to meet CIP compliance and prevent fraud.
"Identity verification is really important for payments and IDology is one of the best providers in the market," said Walt Levengood, President, Payments of aurionPro. "Their on-demand change management functionality is a great benefit because our customers are looking to reduce their IT costs. Once we implement IDology, business managers have the ability to control and change the system very easily themselves so they don't have to dedicate any technical resources to manage it."
By incorporating IDology's real-time identity verification solutions, aurionPro customers will have the ability to automatically verify consumer identities based on the business rules they put in place within IDology's system.
"While integrating our system is straightforward, customers sometimes have internal complexities either with their business processes or from a lack of development resources to dedicate to a project," said John Dancu, CEO of IDology. "Partnering with aurionPro is important because it provides businesses with an expert to help them get up and running so that they will quickly realize the many benefits of using identity verification."
About aurionPro
aurionPro Solutions (NSE: AURIONPRO) (BSE: 532668) is a publicly traded technology company that helps Fortune 1000 companies to be more efficient through domain-driven software and consulting offerings. Employing more than 1250 individuals across North America, Asia, and Europe, the company has been recognized by Deloitte, Forbes, and the 2011 FinTech 100 as one of the world's fastest growing technology companies. For more information, visit www.aurionpro.com.
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 id 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.
