TEANECK,
N.J., May 23, 2024 /PRNewswire/ -- Veratad
Technologies, a leader in global age and identity verification
solutions, announced today a strategic partnership
with OneID®, innovators in document-free digital identity
verification. This collaboration will enhance Veratad's IDMax
reusable digital credential ecosystem by integrating OneID®'s
pioneering technology, which leverages bank-verified data to verify
age and identity without presenting identity documents online.
The partnership with OneID® enables Veratad to utilize the OneID
API, which draws on stringent checks from UK banks covering 90% of
UK adults. This will significantly improve the accuracy, speed, and
security of the age and identity verification process while
offering a streamlined, real-time service that enhances privacy and
reduces compliance risks by minimizing data collection from UK
citizens.
"Integrating OneID's technology with our IDMax solution aligns
with our commitment to offer our customers the most advanced and
secure suite of age and identity verification methods available
today," said John E. Ahrens, CEO at
Veratad. "OneID's ability to verify identities of UK citizens
without needing physical documents presents a significant
enhancement to our offerings."
Keith Mabbitt, Chief Customer
Officer, OneID®, added, "Our focus has always been to
secure the digital experiences by providing businesses simpler ways
of verifying their user's age. Our partnership with Veratad will
enable more netizens to prove their age using bank-verified data in
a 100% digital and frictionless way."
The enhanced Veratad IDMax solution with OneID technology will
support any business needing to verify the age and identity of
their UK customers, including those in fintech, finance, social
media, gaming, and age-restricted e-commerce. It will be available
to all Veratad clients on Veratad's VX Orchestration Platform
alongside Veratad's existing suite of global verification methods
that include identity data verification, ID document verification,
mobile phone verification, mobile driving license (mDL), digital
identity credentials, Smart2Factor, knowledge-based authentication
(KBA), age estimation, and biometrics.
For more information about Veratad Technologies, the 'IDMax'
feature, and the partnership with OneID, please visit
https://veratad.com/methods/reusable-identity/.
About Veratad
Veratad Technologies is at the forefront
of online age and identity verification solutions, committed to
protecting businesses and consumers in a digital world. With a
diverse range of verification methods and technologies, Veratad's
solutions are designed to mitigate fraud risks, comply
with regulatory requirements, and ensure a secure and efficient
online experience. For more about Veratad: https://veratad.com
About OneID
OneID® is a leading document-free digital
identity service provider that creates absolute certainty
between businesses and individuals in real time. By leveraging
bank-verified data, OneID® brings speed, simplicity and compliance
to the digital identification
process. Streamlining existing ID processes, including
payments, direct debits, onboarding and more, OneID® helps
businesses reduce operational costs, increase sales and
improve customer engagement. For more about OneID®,
https://oneid.uk.
Contact Information:
John M.
Ahrens
Vice President, Global Business Development
Veratad Technologies, LLC
201-510-6000
378157@email4pr.com
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SOURCE Veratad Technologies, LLC