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Veritec and National Identity Solutions (NIS) Sign Significant License Agreement Entering Into a $500 Billion Marketplace
Date:11/7/2011

ates us from any existing financial cards in the market today." The key feature that provides the unique level of security for the card is the ability to instantly activate or deactivate (Toggle) the card on or off via text, phone or web. When the card is off it cannot be used.

According to Ronald G. Logan, CEO of NIS, "The combined features of the new card will significantly lessen the likelihood of the cardholder becoming a victim of identity theft, the nation's fastest growing crime. Identity theft related to new and existing credit is less than 15% of reported identity theft cases. The identity theft protection provided for the cardholder and their household includes all 49 identity theft types through 24/7 live assistance by certified professionals. Our technology and propriety processes enable retrieval and restoration of a victim's identity up to three times faster than competitors."

In addition to security, cardholders receive real time financial transaction notifications, elimination of overdrafts, complete access to and control of the card's financial account, subordinate cards, and real time account transfers, all using simple mobile phone or web commands. Both companies will market the new cards with the combined technology features for credit/debit cards, ID cards, payroll cards and gift cards.  

These cards will also have Veritec's 2D VSCode® technology so that the cardholder's biometric identification such as fingerprint or picture are fully contained within the code.

ABOUT NATIONAL IDENTITY SOLUTIONS and NATIONAL ID RECOVERY

National Identity Solutions, LLC ("NIS") and National ID Recovery, LLC ("NIDR") are privately held business to business, technology driven companies that have common ownership and are located in Norcross, GA. NIS was established in 2006 and focuses on document, data and identity security services. National ID Recovery, LLC ("NIDR") was established in 2004 and is the lea
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SOURCE Veritec, Inc.
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