Louisville, KY- (11/25/2014) eMONEco, a provider of multi-channel banking, commerce, remittance and payment applications, has partnered with Electronic Verification Systems (EVS) to verify not only the identity of users, but also that they are who they say they are. To do this, eMONEco, Inc., based in Lenexa, Kansas, will be utilizing EVS’s IdentiFraud Consumer product and making use of Dynamic KBA. EVS will also assist with compliance needs by verifying that customers are not on the OFAC watch list.
Any company dealing with the transfer or movement of money faces the risk of being the target of fraud. With banking, commerce, remittance and payment products, the threat of identity fraud is great. Additionally, companies who develop peer-to-peer money transfer technologies, such as eMONEco, need to be proactive in protecting their clients and customers by preventing money from being transferred to people or organizations on various watch lists. By using IdentiFraud Consumer, eMONEco, Inc. can feel assured that the transactions being processed through their products and services are not fraudulent in any way.
According to EVS EVP of Client Development, Eric Knapp, “Anytime a product has access to individual’s financial information extra precautions should be put in place to restrict access to said information only by the appropriate individual(s).” Knapp went on to say, “The brick-and-mortar lending institutions won’t allow access to any accounts without first verifying the individual is the account holder; the virtual world should be no different! EVS identity verification and Dynamic KBA is cost effective and easily implemented regardless of the size of your organization.”
EVS proudly calls eMONEco a partner as of November 2014 and looks forward to building a strong relationship with the company. “eMONEco sees the need to be proactive and take a stand against identity fraud. We are honored they selected us (EVS) as their partner for their identity verification and compliance. We look forward to serving them with excellent customer service and cutting edge fraud prevention products for years to come,” said Knapp.
Donald Latson, CEO and President of eMONEco, Inc. stated, “EVS was selected because of the simplicity and flexibility of their services combined with their unique ability to incorporate, industry leading, identity fraud prevention services into our products and business operations.”
For more information on EVS’s fraud prevention solutions or partnerships, please contact Eric Knapp, EVS EVP of Client Development, at 502.814.1020.
About Electronic Verification Systems
Electronic Verification Systems is a leading provider of fraud prevention solutions designed to help businesses combat identity theft, control costs, satisfy governmental regulation, and support audit and control requirements. With major clients in the financial services, retail product, brokerage, education, insurance, and corporate security industries, Electronic Verification Systems provides powerful and innovative solutions to businesses and organizations across the world.
About eMONEco, Inc.
eMONEco, Inc. (OTCBB: EMON) is enhancing traditional payments services and is dedicated to satisfying the financial needs of the underserved in a manner that eliminates quality of service restrictions. The core belief that every member of society deserves the right to cost-effectively manage, control and protect their funds drives our daily efforts and long term product and service strategies. eMONEco, Inc. delivers real-time multi-channel banking, ecommerce, remittance, funds transfer and external account management capabilities within an integrated platform.
Safe Harbor Statement
Certain statements contained in this press release are “forward-looking statements” within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities. Such statements are inherently subject to risks and uncertainties, which include, without limitation, those in Company reports filed with the SEC. The Company can give no assurance that such expectations will prove correct. Future events and actual results could differ materially from those statements.