(NEW YORK) – The Jewelers Vigilance Committee (JVC), has announced the launch of its JVC Affiliate Partnership Program to provide support services to all segments of the jewelry industry.
JVC also announced the appointment of its first Affiliate Partner, Veratad Technologies, LLC, a leader in online identity verification and compliance solutions. The identity verification services, provided by Veratad, assist jewelers to protect their customers and business partners by verifying identities and preventing fraud by validating identity in person or online – thereby significantly reducing fraud and chargebacks. These services, offered exclusively to JVC members, also support jewelers’ legal compliance obligations by identifying customers and business partners (required by the USA PATRIOT Act) and facilitating compliance with the required program under the FTC’s Red Flags Rule legislation requiring a written identity theft prevention program for JVC jewelers who extend credit.
Jewelers providing branded credit cards or in-house financing programs can use these services to detect instances where a stolen credit card or a stolen identity may be used.
JVC’s new partnership with Veratad Technologies is an added benefit for JVC members. JVC members will receive deep discounts and can take advantage of these identification verification services immediately.
Said Cecilia Gardner, JVC’s president and CEO: “JVC’s Affiliate Partnership program provides services that help jewelers to protect their businesses from risk and help them meet their legal compliance obligations. The JVC - Veratad Technologies partnership - a first-ever venture for both JVC and Veratad – can help jewelers to stop fraudulent purchases, avoid costly chargebacks and meet their USA PATRIOT Act and Red Flags Rule compliance obligations. Veratad real-time services are reasonably priced and easy-to-use.
“It is certainly an honor to have been selected as JVC’s first Affiliate Partner. We are very excited about this opportunity to work with JVC in assisting their members meet regulatory requirements while reducing incidents of fraud and chargebacks,” said John Ahrens, Veratad’s Managing Director. “JVC is recognized as the premier legal and compliance resource for jewelers nationwide and as partners we can offer jewelers a valuable combination of expertise and technology driven compliance and fraud prevention solutions.”
For more information about the JVC-Veratad Technologies Partnership visit www.veratad.net/jvc. JVC members pay low dues and receive thousands of dollars in free legal compliance information and services. To join JVC, visit www.jvclegal.org.