Merchant One, an ecommerce processing solution provider, and IDology, a leading identity verification provider, today announced a partnership to better serve the payment processing industry. Merchant One is using IDology’s identity proofing solutions within its online account verification process to verify new merchant accounts.
“IDology’s identity verification services streamline the application process for signing up new merchant accounts and acts as added level of protection,” said Danielle Raasch, Underwriter of Merchant One. “With this process being so high risk, we wanted to make sure we had an efficient solution that helped us eliminate fraud and verify that it wasn’t an identity thief. IDology was the clear choice.”
Merchant One has been named one of the fastest growing private companies in the nation by Inc. magazine in their 29th annual Inc. 500, and for good reason. As a premier provider of merchant account services, Merchant One makes it possible for thousands of companies, large and small, to accept nearly any form of payment anytime, anywhere. IDology’s services are integrated with Merchant One’s online account verification process to verify merchant accounts. IDology’s ExpectID IQ solution is used to present a brief multiple-choice quiz that is dynamically generated in real-time to verify the applicant is who he or she claims to be. This identity verification process has sped up the online application process and helped Merchant One reduce the amount of fraud. It also has helped increase the number of merchant approvals which drives more revenue.
“We have seen less fraudulent applications due to the difficulty for fraudsters to answer the authentication questions presented with ExpectID IQ,” said Raasch “The comprehensive reporting features IDology has allows us to see behind the scenes what the fraudster’s activity was.”
“Being able to quickly and easily process new applicants while also preventing fraud is very important in the Merchant Processing industry,” said, John Dancu, CEO of IDology. “Our solutions enable Merchant One to do this by automating their identity verification process. The end result is faster approvals with fewer charge backs.”
About Merchant One, Inc.
Merchant One provides merchant account and credit card processing services to a variety of businesses ranging from small start ups to large scale operations with multiple locations nationwide. They offer credit card processing terminals that allow businesses to accept payments from a brick and mortar, wirelessly, remotely and over the internet. A dedicated representative, account set up and 24 hour support are included with all accounts.
About IDology, Inc.
IDology, Inc. (idology.com) provides real-time technology solutions that verify an individual's identity and age for anyone conducting business in consumer-not-present environments to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology is the only provider to offer an on-demand change management tool that allows client business-unit managers to control the entire proofing process, including within an integrated solution, without having to rely on internal IT resources or contact IDology's customer service.