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Veratad, JVC Partner with DCIT for Integrated Fraud Prevention

DCIT Automates Virtual Identity Verification

May 16, 2011 12:56 PM   By JVC
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Press Release:  Veratad Technologies LLC, a world class provider of identity verification and compliance solutions and the Jewelers Vigilance Committee (JVC), the trusted jewelry industry resource for trade and consumers , announced today that DCIT Corporation will now offer Veratad’s IDMatch+PLUS, virtual identity verification along with JVC membership to its  BusinessMind software solution customers.

DCIT, a company that specializes in the requirements of businesses in the global gem and jewelry industries, will now provide a seamless virtual identity verification solution that is delivered to jewelers directly within BusinessMind, DCIT’s jeweler’s point of sale software solution. The first of its kind, this software makes verifying an identity a simple matter of a few clicks, and is designed to protect jewelers against losses due to fines for non-compliance, as well as fraud and credit card chargebacks. The service is simple, easy-to-use and affordable.

In addition to the identity verification, each jeweler that qualifies will be granted the many benefits of JVC membership with the service. Cecilia Gardner, JVC’s president, said, “This is an opportunity for jewelers to stop fraudulent purchases, avoid costly chargebacks and meet their USA PATRIOT Act and Red Flags Rule compliance obligations while enjoying the many benefits of JVC membership.”

John Ahrens, Veratad’s managing director, added, ''Veratad’s partnership with the JVC has increased industry awareness of the threats posed by identity theft and fraud, and jewelers are now beginning to understand the importance of identity verification. This new relationship with DCIT will make virtual identity verification for DCIT users simple, affordable and effective.''

Raffi Minassian, DCIT's chief executive, stated, ''We decided to partner with JVC and Veratad for a number of reasons, not the least of which is their respective industry leadership and experience. We are always looking for ways to improve our service.

“This combination of an online enhancement for identity verification, coupled with JVC membership, allows us to offer our jewelers the valuable benefits of membership with a tool that protects them from chargebacks, fraudulent transactions and potential fines for non-compliance,'' Minassian concluded.

Veratad’s virtual identity verification and JVC membership are now available with DCIT’s BusinessMind point of sale software for jewelers. To learn more about JVC, Veratad or DCIT, contact your DCIT pepresentative or call Veratad at 888.510.7343.

About DCIT
DCIT provides software and technology services for business computing on all major platforms including Linux, Windows, and MacOS X. DCIT specializes in the requirements of businesses in the global gem and jewelry industries and serves hundreds of companies. To learn more, visit


Jewelers Vigilance Committee, founded in 1917, is a not-for-profit legal trade association fulfilling its mission to maintain the jewelry industry's highest ethical standards. JVC offers dispute mediation and arbitration services for trade and consumers, compliance monitoring and precious metals testing, among many other services. JVC, long considered the industry's guardian of ethics and integrity is a resource for the entire jewelry industry and its customers as well as an industry representative before government agencies, media and adjunct fields.


Veratad Technologies
Veratad  is a world class provider of real-time online identity verification and knowledge-based authentication solutions designed to verify an individual's identity and age while maintaining a high level of consumer privacy. In addition, Veratad offers a unique online Red Flags Rule Compliance tool for the creation of an ID theft prevention document and employee training designed to meet the compliance requirements of FACTA. At the center of Veratad's success is a state-of-the-art privacy processing platform which delivers Veratad's AgeMatch/Age Verification Solution, IDMatch/Identity Verification solution and IDMatch+PLUS/Knowledge Based Identity Authentication Solution. Veratad also offers a patent pending solution that protects sensitive customer information while offering merchants increased online sales by enhancing customer confidence. Veratad verifications can be delivered in a matter of seconds directly through multiple verification platforms to commerce, financial and government institutions. Veratad also provides a wide range of custom data solutions.


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Tags: business solutions, Compliance, jewelers, JVC, services, software
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