SOURCE: SheerID

SheerID

February 04, 2015 08:00 ET

SheerID Growth Reaches New Levels, Prevents $22 Million in Fraud in 2014

Oregon-Based Verification Technology Saves Consumers Over $40 Million

EUGENE, OR--(Marketwired - Feb 4, 2015) - SheerID, the premier eligibility verification technology provider to Fortune 500 companies, small businesses, and medium enterprises, today announced its second record year for corporate growth and consumer verifications. With an increase of over 540 percent in verification volume year-over-year, SheerID closed 2014 with amplified growth by more than doubling the number of organizations using its services to verify eligibility for their gated offers and retaining nearly 100 percent of its customers from 2013.

"Demand for targeted consumer solutions, particularly verification technology, has boomed," said Jake Weatherly, CEO of SheerID. "We are finding that more and more organizations want to broaden their customer bases, personalize their customer relationships, and grow loyalty in 2015. Between the rise of omnichannel strategies and one-to-one, interactive marketing, businesses need to genuinely engage their customers and prospects. Using verification technology to create targeted offers is a guaranteed way to do just that."

While protecting businesses from fraud and delivering a secure, revenue-driven technology is paramount to the success of SheerID, saving the consumer money remains an essential part of why the company has grown so quickly. In 2014 alone, the company estimates that it saved military families, teachers, and students more than $40 million while protecting SheerID clients from discount fraud.

Among SheerID's newest customers are DIRECTV, Newegg, the Washington Capitals, Musicians Friend and Amazon's Audible.com. Additionally, a notable area of growth has been in the ticketing space. Just last year, SheerID supported dozens of tournaments and events for the PGA TOUR and International Speedway Corporation. It's estimated that SheerID saved its clients $22,000,000 in 2014 by preventing consumers who do not qualify for protected offers from fraudulently redeeming them.

Military verifications remained the highest growing segment for offers from retail organizations, followed by students. SheerID also verifies teachers, first responders and other coveted consumer groups.

For more information on SheerID's eligibility verification services visit http://www.sheerid.com/we-verify-for-you/ or email info(at)SheerID.com.

Follow @SheerID on Twitter or Facebook at www.facebook.com/SheerIDdotcom.

About SheerID
SheerID transforms existing, protected private data into an omnichannel service that benefits commercial enterprises and the public, while still keeping the information safe and secure. By acting as a bridge between secure data sources, SheerID allows businesses to accurately, instantly verify whether or not their customer qualifies for a special offer like student, active duty military, veteran, first responder, or teacher offers -- protecting the exclusivity of the offer and eliminating fraud. SheerID's verification services can be configured for any e-commerce website, internal customer sales/support system, mobile application, or POS.

For more information on SheerID's eligibility verification solutions, call 855-SheerID to speak directly to a representative, email info(at)sheerid(dot)com, or visit http://www.sheerid.com/we-verify-for-you/

Contact Information

  • Press Contacts:
    Justin Nunez
    LEWIS PR for SheerID
    619 677 2700
    Email Contact