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Will You Meet the August 1st 2009 FACTA DEADLINE?
...with NEXUS ID, The Answer can be YES!
In May of 2007, the Federal Trade Commission (and five federal bank regulatory
agencies including the FDIC, OCC, Federal Reserve, OTS and NCUA) established final
rules and regulations regarding Identity Theft Red Flags and Address Discrepancies
to help combat the nation’s fastest growing “white collar crime” — Identity Theft.
The Red Flag Rules are aimed at helping financial institutions and creditors such
as banks, credit unions, auto dealers, mortgage brokers, utility companies and telecommunications
companies and other transaction account-based companies detect identity theft by
requiring that they establish a Written Identity Theft Prevention Program. Companies
that have limited technical and staffing resources will find it difficult and time-consuming
to meet Red Flag Requirements by the deadline; those that do not comply with the
requirements risk exposure to fines and/or civil litigation.
Shared Vision for a Best of Breed FACTA Red Flag Rules Compliance
Solution
The NEXUS ID compliance suite of products is based on the shared vision and partnership
of National ID Recovery, LLC (Norcross, GA) and Veratad Technologies, LLC
(Teaneck, NJ) and is designed to assist businesses and financial institutions
nationwide in the task of meeting the August 1, 2009 deadline for FACTA “Red Flag
Rules” Compliance.
COMPLIANCE UPDATE: The FTC has granted a 6 month suspension of enforcement
for those covered under their jurisdiction until August 1, 2009 - YOU STILL HAVE TIME
TO COMPLY!
NEXUS ID (NEXUS-Latin: to bind, a connected series or group) combines the ease of
use of Veratad’s world-class ID verification and Customized Online Compliance Tools
with the quality and affordability of National ID Recovery’s fully managed Identity
Restoration and Data Breach Services which together represent the nation’s first
and only truly comprehensive turn-key FACTA “Red Flag Rules” Solution.
We make it EASY to Comply ….
- Create Your FACTA Identity Theft Prevention Program Document
- Online Red Flag Rules Employee Training Based on Your Red Flags
- Verify Identities with "Out of Wallet" Knowledge Based ID Authentication (OFAC
Included!)
- Resolve Address Discrepancies
- Identity Theft Detection with ID Monitoring
- ID Theft Prevention and Mitigation
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