SOURCE: miiCard

miiCard

November 19, 2013 04:00 ET

miiCard Joins US FinTech Accelerator SixThirty Inaugural Class

Trusted Online Identity Service Chosen for Ability to Facilitate New Financial Transactions Purely Online and in Minutes Without Fraud and Risk

EDINBURGH, SCOTLAND--(Marketwired - Nov 19, 2013) - Online identity proofing service miiCard announced that it has been selected to join the inaugural class of St. Louis-based financial technology (FinTech) accelerator SixThirty. miiCard is one of four companies chosen by SixThirty to receive funding, mentorship and direct connections to the top U.S. financial service providers.

SixThirty is led by a team of technology and finance veterans, including Square co-founder Jim McKelvey. The program offers unique access to the critical mass of US financial service companies, including Edward Jones, Scottrade, Wells Fargo Advisors, US Bancorp CDC, and many others.

"We are thrilled to have miiCard as part of our inaugural class -- they have an incredible team, technology and track record," said Matt Menietti, venture partner at SixThirty. "miiCard is already enabling high value transactions online, including the ability to sell and purchase a home completely online. This capability to prove identity and combat fraud will pave the way for more and even bigger transactions to migrate online."

miiCard's Identity Service (IDaaS) helps businesses 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 financial services while minimizing dropout, eliminating costly offline identity verification methods, and dramatically reducing fraud. Scotland-based miiCard will grow its presence in the U.S. through its participation in SixThirty.

"It is an incredible honor to be the only non-U.S. based company chosen to participate in this FinTech focused program," said miiCard CEO James Varga. "SixThirty recognizes how critical trust is to the world of online financial services and the impact we have made increasing conversions and virtually eliminating fraud and risk instances for customers."

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.

About SixThirty

SixThirty provides FinTech startups with $100K in funding, mentors, and connections to the top financial services companies in the country. Backed by the St. Louis Regional Chamber and venture capital firm Cultivation Capital, SixThirty selects eight financial-based technology startup companies each year, four for the fall and four in the spring. Those companies selected to take part in the four-month accelerator program will receive hands-on training, mentoring, and networking opportunities with the top financial services companies in the region.

For more information about SixThirty, please visit www.sixthirty.co

About 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.

Contact Information

  • Press Contact:
    Michael Azzano
    Cosmo PR for miiCard
    Email Contact
    415/596-1978