ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release August 31, 2006 #06-49
E-mail: [email protected]

ACB NAMES EDENTIFY A PREFERRED SOLUTION PROVIDER TO HELP COMMUNITY BANKS COMBAT IDENTITY THEFT

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WASHINGTON, D.C. — America’s Community Bankers has named Edentify, Inc. as a Preferred Solution Provider to assist members with new tools to protect the bank and their customers from identity theft and fraud.

Edentify, a leading provider of identity management solutions, uses a proprietary data analysis technology program to compare account characteristics against an external reference data base. The company is headquartered in Bethlehem, Pa.

Edentify will offer ACB members three products based on its IDBenchmark technology:

IDAssess analyzes all of a bank’s accounts and flags “at-risk” accounts for further analysis to protect the bank from persons using false identities.
IDScreen provides real-time or batch processing of applicants for new accounts to prevent fraudulent activity before it occurs.
IDAlert continuously monitors accounts based on new identity records and alerts the bank to new identity abuses at a much earlier time than when the activity is typically discovered. Based on further investigation, banks can then alert their customers.

“Identity theft is such a pervasive problem for Americans and ACB members will welcome Edentify’s all-in-one program,” said Diane Casey-Landry, ACB president and CEO. “The product will not only help community banks protect themselves against fraud, but just as importantly will provide them with a quick and effective way to protect their customers from identity theft and fraud.”

“Our solutions can provide ACB’s bank members with tight financial security and protection against ID theft and manipulation that works in real time,” said Terrence DeFranco, Edentify CEO. “Engaging proactive partners is a major component in our marketing strategy, allowing us to gain critical mass for our solutions, and it is very exciting for us to count ACB as one such partner. ACB member banks utilizing our solutions will be equipped with a robust suite of identity management solutions available in the market, and they will be able to uncover fraudulent activity imminently as it occurs, easily and quickly pinpoint the origin, and take prompt steps to mitigate any damaging effects. With our technology, ACB’s members will be well-prepared to protect their organizations and their customers against the growing scourge of ID theft and fraud.”

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

Edentify, Inc. was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later development-stage company and expects shortly to begin a period of growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government, and consumers in the fight against identity fraud and related crime. Edentify owns the intellectual property rights to two strategic approaches towards the detection and prevention of identity fraud. One is a patented information-based approach that analyzes identity data information for individuals in large databases, and is capable of detecting and scoring incidences of identity manipulation and potential theft (Identity Quotient Index). Edentify will continue to market this technology to the financial services industry, as well as to large healthcare organizations and local, state, and federal government agencies. The second approach, which is still under development, is a biometric technology that will be marketed through and is named after our wholly-owned subsidiary, InMotion Biometrics, Inc. This novel set of algorithms combines face and voice recognition techniques for authenticating the identity of an individual. Additionally, the system is designed as a multi-modal platform capable of combining the reading of two or more biometric technologies simultaneously. Edentify is based in Bethlehem, Pa. (www.edentify.us)

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