nTrust

nTrust

May 19, 2015 09:00 ET

Vancouver-based nTrust and Trulioo Team Up to Offer Greater Mobile Money Protection

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 19, 2015) - nTrust, the rapidly growing online and mobile money transfer platform that helps people around the world access, move and use their money instantly, today announces a strategic partnership with Trulioo, the leading global ID verification company, to further enhance the security of the nTrust community.

Aligning with Trulioo will help nTrust swiftly authenticate the identities of members in their growing online community while mitigating potentially fraudulent activity. With insight on over 3 billion people across over 40 countries, Trulioo's online identification verification service provides deep insight into online identities worldwide to help increase trust and safety.

"As our online and mobile community continues to grow across the globe, safety and fraud prevention is paramount," says Rod Hsu, President of nTrust. "Partnering with Trulioo allows us to have a deeper understanding of the members within our community, which is important in both the peer-to-peer marketplace and well as peer-to-merchant arena."

To get a snapshot of how Trulioo verifies identities online, the company provides businesses and organizations access to over 140 reliable and unique data sources worldwide - such as public records, consumer, telco, credit header and government data - to securely verify identities through a single Normalized API and web portal. Trulioo's technology is compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements worldwide, which enable increased trust and safety of the nTrust community where consumers can send money instantly to friends, family or businesses using a smartphone, tablet or computer.

"The mobile money space is rapidly growing and with any emergent technology, online fraud and financial crime is always a risk," says Stephen Ufford, CEO & Founder of Trulioo. "nTrust has made the security of their community of chief importance since inception, and we're eager to help them take it a step further with deeper insight of their community."

For more information on nTrust's security measures visit www.nTrust.com/security.

About nTrust

nTrust is a rapidly growing online and mobile money transfer platform that helps people around the world access, move and use their money instantly. Using nTrust, members can send money to friends, cash out to their bank account, spend money through their phone, or load funds to a prepaid card to use anywhere the MasterCard® Acceptance Mark is displayed, online or in-person. nTrust's proprietary technology uses the highest encryption standards and is "PCI-DSS Level 1" certified - the top global standard for operational and technical security designed by Visa, MasterCard® and American Express.

About Trulioo

Trulioo is a global ID verification company that provides advanced analytics from cyber and traditional data sources to verify online identities. The company's mission is to solve global problems associated with verifying identities online by powering fraud and compliance systems for hundreds of clients worldwide in an effort to increase trust and safety online. Trulioo's bank-grade identity verification service, GlobalGateway, enables businesses to perform frictionless identity verification for more than 3 billion people in over 40 countries via 140 data sources - the widest coverage in the market. GlobalGateway helps businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) identity verification needs, enabling businesses across the world to evaluate new and existing users through a single portal. For more information, visit www.trulioo.com.

Contact Information

  • For more information regarding nTrust, contact:
    Katie Stevens
    778-686-0906
    katies@talkshopmedia.com

    For more information regarding Trulioo, contact:
    Kim Hong
    Director of Marketing, Trulioo
    604.398.4393
    kim@trulioo.com