iStream partners with ID Insight to provide Enterprise Level Identitity Fraud Detection

Brookfield, Wis., February 17, 2011 – iStream Financial Services, Inc. announced today a partnership with ID Insight to provide a new level of identity fraud detection to the iStream platform.  Fred Joachim, president of iStream, states, “This partnership further enhances our offerings and provides yet another level of integrity for customers and auditors, when it comes to fraud elements that we unfortunately have to deal with in this day and age.”   The selection of the CompleteID solution from ID Insight was made because of the robust features available, making it the most accurate method of verifying customers’ identities while complying with the FACT Act and “Know Your Customer” guidelines.

The iStream offering includes remote deposit capture, ACH processing, direct deposit payment transactions, remittance and credit card processing, remotely created checks, integrations to pre-paid card processors and a risk monitoring solution.  The iStream solution stands out in the marketplace with its flexibility and transaction processing capabilities in both the financial services and health care industries.  

“The combination of regulatory requirements combined with the modern day world of fraud and deception that we live in was a major catalyst that led to the search for a solution like ID Insight offers,” said Michelle Hemerley, SVP, Chief Compliance and Bank Secrecy Act Officer.  “The diverse portfolio of customers that our clients serve exposes us to an increased risk when it comes to the potential for fraud.  The ID Insight solution significantly reduces this potential and provides us with a key differentiator when compared to the competition” said Hemerley.

About iStream Financial Services, Inc.  

iStream Financial Services, Inc. is based in Brookfield, WI.  Founded in 2004, iStream’s flagship product, iStream Deposit^®, has grown from corporate remote deposit capture to a full payments platform.  iStream’s vertically integrated technology platform offers a host-based, total payments solution that focuses on user-functionality while keeping the Financial Institution relationship in mind. iStream’s SAS 70, FFIEC compliant technology infrastructure combined with connectivity to major clearing channels, makes iStream’s payment solutions a unique offering for Financial Institutions, Healthcare providers, commercial and business customers nationwide. For more information, visit www.istreamfs.com or call (888) 892-1212.

About ID Insight

Northfield, Minn.-based ID Insight, the innovator in Access-Point Intelligence, combines its massive collection of data on people and access points with cutting-edge analytics and a patented method of helping companies research new markets, prevent fraud, reduce costs and capture more business. ID Insight provides next-generation market research, verification, authentication, and fraud solutions to financial services companies, credit issuers, retailers, online merchants and broadband providers nationwide. For more information, visit www.IDInsight.com.