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Veratad Technologies, LLC

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Veratad Technologies LLC Joins Coalition Leaders to Protect Consumers from Phone Bill Cramming


Teaneck, NJ, October 24, 2011 --(PR.com)-- Veratad Technologies, LLC, a world-class provider in verification technology services, has joined the KnowYourPhoneBill.org coalition, spearheaded by BSG. KnowYourPhoneBill.org is a website tailor-made for helping consumers understand their phone bill and protecting them from phone bill cramming.

Based in Teaneck, New Jersey, Veratad has been an industry leader in verification technology since March 2003. Customers from some of the world’s most well-known corporations use Veratad’s services to verify customer information, reducing the risk of fraud, complying with regulatory requirements and providing a safer online experience.

“Veratad has a long history of commitment to consumer protection,” said Veratad’s Managing Director, John Ahrens. “We take great pleasure in joining the coalition members to provide consumers with the tools they need to protect themselves from cramming.”

Each year, millions of consumers choose to pay for a variety of third-party services by having the charges conveniently consolidated onto their landline phone bill. These services include long distance calling; operator- assisted calls; directory listings; voicemail; and e-mail. Consumers appreciate the convenience of having multiple services bundled onto one bill, which reduces their paperwork and the number of checks they need to write. However, each year a very small number of bad actors may attempt to carry out “cramming”— which involves placing charges on consumers’ phone bills for services they did not request or authorize.

KnowYourPhoneBIll.org offers consumers an easy-to-navigate platform with interactive tools and helpful information to understand phone billing and protect themselves from unauthorized charges. Consumers can sign-up to receive e-mail updates and news to learn more about how they can fight against cramming.

The coalition includes additional industry leaders which are also members of KnowYourPhoneBill.org

About Billing Services Group
Billing Services Group (BSG) is the nation’s largest third-party billing and settlement clearinghouse for local telephone service billing. BSG partners with hundreds of merchants, as well as several charitable organizations to allow donors to give to their favorite causes by making one-time or monthly contributions charged to their land line telephone. The Alzheimer’s Association and the Humane Society of the United States are just two of the many prestigious organizations that have contracted with BSG for such services. The company is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.

BSG Media Contact
Leslie Komet Ausburn BSG PR
210.326.8992
leslie.ausburn@bsgclearing.com

About Veratad Technologies, LLC
Veratad Technologies, LLC (www.veratad.com) is a provider of both online/real-time and batch Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual's age or identity. Its verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad is trusted by companies large and small to provide verifications of age and identity. In addition, Veratad offers a full suite of online IT Compliance Tools. Veratad’s customers include some of the world's most well known corporations who use Veratad solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility. Veratad is headquartered in Teaneck, New Jersey. For more information contact Tom Canfarotta: 201-510-6000 ext. 120 or by email at tcanfarotta@veratad.com.

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Forward-Looking Statements
In addition to the historical information contained herein, this press release contains forward -looking statements, such as statements regarding the Company's, and the combined companies', anticipated future performance, including the ability of the combined companies to expand verification and e-commerce capabilities; to increase product offerings and the size of the distribution channel; as well as statements containing the words, "believes," "intends,", and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company's limited operating history and variability of operating results; competition in the electronic verification and commerce market; the ability of the combined companies to successfully offer the market expanded verification and privacy tools and e-commerce capabilities and services and the market's acceptance of such offerings, and other risk factors referenced in this release.
Contact Information
Veratad Technologies, LLC
Tom Canfarotta
201-510-6000 ext 120
Contact
www.veratad.com

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