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ID Insight and Patria Services Corp. Launch Joint Venture to Provide New Solution for Address Change Event -- MoveManager
WILMINGTON, DE (May 14, 2009) -- ID Insight, Inc., and Patria Services Corp. have formed a joint venture to provide “MoveManager,” a full-service solution for address change requests that delivers both risk management and portfolio optimization.
The “MoveManager” technology platform combines the industry best practices of regulatory compliance and fraud prevention related to a customer’s address change with patent-pending marketing solutions that enhance portfolio performance. An address change request signals one of the most critical events in the life cycle of a client relationship. From a risk perspective, relocation represents an exposure to potential account takeover fraud and identity theft. From an opportunity perspective, relocation indicates a significant opportunity to meet the evolving needs of existing customers by targeting and delivering relevant incentives to generate new revenues.
ID Insight, headquartered in Northfield, MN offers next-generation verification, authentication, and fraud solutions to financial services companies, retailers, online merchants and wireless providers nationwide; Patria Services Corp., a technology marketing company based in Wilmington, Delaware, executes trigger marketing programs that drives incremental revenue and improves key metrics, including retention, activation and account usage.
The “MoveManager" platform uses data, analytics, and technology to turn this often costly event into a very profitable one. It meets the FACT Act Red Flag address change requirements and reduces the risk of losses due to account takeover through a proprietary scoring process that specifically pinpoints identity fraud. In addition, it features a SaaS based technology for creative marketing design, that offers modeling, and web based micro-site development, as well as ‘hyper-local’ merchant offers to incent recent movers to drive desired results.
ID Insight and Patria Services Corp. will be hosting a free Webinar to discuss how the changing needs of recent movers make them one of the most elusive, but profitable, segments of a portfolio to connect with and serve, and how advanced new techniques can be used to reach this highly pivotal group of customers. The Webinar will take place on June 3, 2009, from 2:00 to 3:00 p.m. EDT. For more information or to register, visit www.IDInsight.com.
“We are excited about the opportunity to join forces and combine ID Insight’s industry-leading risk-management solutions with Patria’s innovative revenue solutions for companies by addressing both the risk and the reward inherent in a consumer’s change of address,” says Patria’s CEO Jim Roszkowski.
“Our customers are always looking for ways to either take costs out of the organization or substantially increase revenue. The problem is, with today’s economic conditions they can’t spend any money to get there,” says ID Insight’s President Adam Elliott. “The best of part of MoveManager is that now we can help clients achieve both without the likelihood of requiring additional budget dollars.”
For more information about MoveManager, please contact Don Burkhimer, Patria Services Corp., at don@mypatria.com or (404) 680-8257, or Matt Schraan, ID Insight, Inc., at matt.schraan@idinsight.com or (651) 788-8552.
About ID Insight, Inc.
ID Insight, the innovator in Access-Point Intelligence, knows more about people and their access points -- physical addresses, phone numbers and other points where fraud occurs -- than any other identity-fraud risk-assessment company. Based in Northfield, Minn., the company combines its massive collection of data on people and access points with patent-pending analytics to help companies prevent fraud, reduce costs and capture more business. ID Insight provides next-generation verification, authentication, and fraud solutions to financial services companies, credit issuers, retailers, online merchants and wireless providers nationwide.
About Patria Services Corp.
Patria, a trigger marketing technology platform leader, helps companies and major brands to better take advantage of the significant buying power and behavioral changes of the key “new mover” consumer segment. The company’s proprietary technology platform improves business metrics, such as acquisition, cross selling, sales volume, activation and account retention for clients across various vertical markets.
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Media Contacts:
- Brian Bellmont for ID Insight, (952) 233-0428,
