Edentify Inc. has agreed to a joint development and marketing partnership with Bankcars that will combine Edentify's IDScreen risk management technology with Bankcars' Closed Account Reporting system. The combination will allow CUs and banks to shorten the time required to verify applicant identities from as long as 15 minutes to as short as 10 seconds.
The combination will allow financial institutions to quickly and accurately enter personal information at each branch, validate the identity of an applicant, and gauge the level of risk associated with the identity. It will also check for insufficient funds history-using Bankcars access to the National Check Network-and maintain compliance with applicable laws, like the US PATRIOT Act. Bankcars is based in Atlanta.
For info:bankcars.net.
