Prepaid Resources Partners with IDology to Attack Benefit Enrollment Fraud

NEW YORK--(BUSINESS WIRE)--Prepaid Resources, an established technology specialist for the prepaid debit and banking industry, today announced a partnership with IDology to incorporate advanced identity verification and pre-screening solutions within Prepaid Resources’ FraudGuard™ suite of fraud security services. FraudGuard protects against unauthorized direct deposit enrollments using Prepaid Resources’ award-winning BenefitsDirect™ ‘Direct Deposit Management’ application. IDology is a provider of real-time technology solutions that verify an individual’s identity and deter fraud anywhere in the payments value chain.

“Our partnership with IDology evidences our commitment to deliver innovative services that will maintain BenefitsDirect as the ‘best-in-class’ direct deposit solution.”

“IDology’s platform offers a complete and flexible solution to confirm an identity in real-time, including under and unbanked customers, with a friendly, non-intrusive approach that protects customer privacy,” said Barry Kessler, Prepaid Resources’ President. “An integrated identity verification is a valuable weapon in our fight to secure direct deposit enrollment.”

Duane Jacobsen, Prepaid Resources’ COO, added, “Our partnership with IDology evidences our commitment to deliver innovative services that will maintain BenefitsDirect as the ‘best-in-class’ direct deposit solution.”

John Dancu, President and CEO of IDology, commented: ”Prepaid Resource’s BenefitsDirect™ provides a straightforward and seamless way for customers to enroll and manage government benefits and payroll deposits. By partnering with IDology, Prepaid Resources is able to go beyond identity verification to quickly pinpoint suspicious behavior and immediately make the necessary changes in order to prevent fraudulent transactions and enrollments. At IDology, we are constantly developing new and innovative solutions to prevent fraud and lessen the critical risks inherent within the prepaid market.”

About Prepaid Resources

Prepaid Resources is an established technology specialist for the prepaid debit and banking industry, known for its PORTABLES™ PaaS platform and related applications: a multi-user ecosystem that connects banks and prepaid card providers to processors, third-party applications and services. The company is headquartered in New York City.

About IDology

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. IDology is the only provider to deliver an on-demand change management tool utilizing point & click functionality that allows customers to control the entire proofing process without having to rely on internal IT resources or IDology's customer service. For more information, visit http://www.IDology.com or call 866-520-1234.