IDology and WeCareCard partner to add enhanced fraud prevention and compliance measures to their online fundraising platform featuring a prepaid debit MasterCard that empowers people from around the nation to raise funds for a variety of life-changing causes.
IDology, a leading provider of on-demand identity verification and fraud prevention solutions for anyone conducting business in a customer-not-present environment, today announced a partnership with WeCareCard, the cause-related fundraising solution that delivers a simple, seamless and secure way to share stories, connect networks and gather immediate funds for those in need through the WeCareCard Prepaid MasterCard.
Launching at this week’s Money2020 event, WeCareCard is a versatile payments tool, backed through crowdsourcing, which helps recipients monitor and manage their funds. Donations from a campaign are loaded onto a prepaid card and can then be used for a variety of purposes to celebrate life’s special moments, when experiencing financial challenges or personal hardship, or simply in support of one’s unique journey.
The IDology platform will be providing WeCareCard with comprehensive identity verification and fraud prevention solutions that support compliance requirements such as CIP, OFAC and AML, while also deterring fraud and improving the overall customer experience. To learn more about the IDology platform, visit IDology at Booth 523 at the Money2020 event.
“We are very excited to be launching WeCareCard’s enhanced user experience at the Money2020 event this year,” said Katharine Mobley, Chief Marketing Officer of WeCareCard. “There is a definite need for a solution such as ours which utilizes patent pending technology plus the power of a prepaid card account for social good. By implementing IDology, we are able to add an additional layer of fraud prevention to our processes which protects consumer privacy and mitigates fraud in the account verification process.”
“WeCareCard is a great platform, with an excellent purpose, leveraging the convenience of prepaid with the power of the crowd to connect worthy goals with the necessary funding to make them into a reality,” said Chris Luttrell, Senior Vice President of Product, Marketing and Client Solutions. “By utilizing IDology’s robust identity verification and fraud prevention solutions, WeCareCard is able meet necessary compliance requirements, and our fraud prevention platform also enables WeCareCard to ensure the good customers gain access without friction while deterring fraud.”
WeCareCard (WeCareCard.com) is the first-ever online fundraising platform tied to a prepaid debit card that empowers people from around the nation to raise funds for a variety of life-changing causes. The cause-related fundraising solution delivers a simple, seamless and secure way to share stories, connect networks and gather immediate funds for those in need through the WeCareCard Prepaid MasterCard. This prepaid card serves as a money management tool and is welcomed at over 25 million MasterCard locations worldwide.
About IDology, Inc.
IDology, Inc. (IDology.com) provides innovative technology solutions that verify an individual’s identity and/or age for organizations operating in a customer-not-present environment. The IDology platform serves as a collaborative hub for monitoring and stopping fraudulent activity across the entire network while also driving revenue, decreasing costs and meeting compliance regulations. Founded in 2003, IDology offers a solution-driven approach to identity verification and fraud prevention, providing streamlined processes that ultimately help increase customer acquisition and improve the overall customer experience. IDology has developed an on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically without having to rely on internal IT resources or IDology’s customer service so customers can stay ahead of the fraud landscape while also maintaining compliance.
MasterCard (mastercard.com), is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities such as shopping, traveling, running a business and managing finances easier, more secure and more efficient for everyone.
Filed Under: Press Release Tagged With: account verification, AML, CIP, Compliance, crowdsourcing, fraud mitigation, fraud prevention, fundraising, gifting, giving, Identity verification, MasterCard, Money2020, OFAC, Payments, prepaid, social good