EDINBURGH, SCOTLAND--(Marketwired - Jan 30, 2014) - Online identity proofing service miiCard announced that former SWIFT Chief Executive Officer Lázaro Campos, previous Vice President of SecureWorks Richard Lewis, and prior Clydesdale executive Kenny White have all joined the company's Board of Directors. These experienced executives will help guide miiCard as it continues to gain traction in key financial markets. Mr. White has also joined miiCard as Chief Financial Officer.
"miiCard is actively turning the tide against online identity fraud -- one of the most pressing problems facing financial technology companies today," said Mr. Campos. "I look forward to helping this bank-centric disruptive solution further advance trust online."
Identity fraud is increasing at a rapid rate because the background checks, knowledge-based assessments, and documents scans used as identity verification tools have been compromised or discourage consumers. It is estimated that ID theft costs businesses $21 billion annually in the US alone, with nearly half of these fraudulent transactions occurring online. Further, every $1 in fraud costs a business more than $3 in total losses. miiCard's patented Identity Service (IDaaS) can be deployed in just hours and reduces fraud by more than 80% within the first 30-days.
"The issue of trust and security online is an urgent and universal one as evidenced by the incredible assemblage of talented executives that have joined miiCard and its Board of Directors," said miiCard CEO James Varga. "Their experience and connections in the financial and security industries will be invaluable as we expand our identity verification platform to combat fraud around the world."
Mr. Campos has served as a senior executive in the global financial community for 25 years. Most recently, he acted as the CEO of SWIFT, the international payments body, where he also held a number of other positions over a long and successful career within the organization.
Mr. Lewis is a security industry veteran, having served as a Sales Director and then COO at managed security services firm dns Limited, and then as Vice President of SecureWorks after its acquisition of the company.
Mr. White has held a number of positions within the consulting and financial service sectors, including at Arthur Anderson, Deloitte, and most recently as Director of Finance at Clydesdale Bank. He is currently serving as CFO for miiCard.
miiCard's IDaaS helps businesses across the financial, healthcare, online recruitment, P2P and other industries verify their customers' real identities to the same level as a physical photo ID check, purely online and in just minutes. With this new level of trust, miiCard enables a range of disruptive new services while minimizing dropout, eliminating costly offline identity verification methods, and dramatically reducing fraud.
miiCard's Level of Assurance 3+ identity verification and authentication service leverages the authority and security inherent in a member's online financial accounts to prove identity to a passport or photo ID standard. The miiCard platform offers a wide range of features for financial service companies including identity proofing, personal data, strong multi-factor authentication, financial transaction data and security features available through simple API's and hosted services.
For consumers, miiCard is a global Bring Your Own Identity (BYOID) service providing the convenience, control, ease and flexibility of a single trusted identity that can be used across the web. miiCard is available in ten countries and can verify over 350 million people today.
Meet the miiCard team here: http://www.miicard.com/about-us/team-miicard.
miiCard is a consumer centric global online identity service (IDaaS) platform that establishes true trust online by guaranteeing an individual's identity to the level of an offline photo ID check, completely online and in just minutes. miiCard helps businesses eliminate fraud, reduce manual processing costs, and prevent high rates of dropout when offline identity checks are required. A member-driven service, based on the principles of Bring Your Own Identity, miiCard empowers consumers to proactively manage their digital identity, build trust online, and trade and transact with confidence. miiCard is available in ten countries and can verify over 350 million people today.