Versatile Credit Teams Up with Prove Identity for Advanced Fraud Detection and Customer Onboarding

Furniture World News Desk on 12/21/2023

Versatile Credit, software provider connecting merchants, lenders, and consumers for point-of-sale loans, announces its partnership with Prove Identity, Inc., a company specializing in digital identity verification. This collaboration aims to bolster Versatile’s fraud detection capabilities while streamlining the customer onboarding process.

The integration focuses on improving fraud screening by subjecting each applicant to Prove’s verification process, which assesses potential fraud risks. Prove’s award-winning Pre-Fill® solution simplifies the application process by requiring minimal input, such as social security and phone numbers, to verify identities and pre-fill applications with detailed information. This procedure includes a phone possession check to add a layer of security.

Merchants adopting this integrated solution will offer their customers a more secure and expedited application experience, both online and in physical stores.

Joe Sharp, CTO of Versatile Credit, said, “Incorporating Prove’s technology into our platform provides our partners with an efficient fraud screening tool. The addition of application pre-filling capabilities further enhances the security and efficiency of the application process for our merchants.”

Ed O'Donnell, CEO of Versatile Credit, stated, “Our commitment to providing merchants with comprehensive consumer financing tools is reinforced through our partnership with Prove. This integration grants merchants improved management of the application process, significantly reducing risks and enhancing the customer experience.”

Scott Bonnell, Chief Revenue Officer at Prove, commented, “Our collaboration with Versatile Credit aims to strengthen fraud prevention and streamline the consumer onboarding process. We are confident that our combined efforts will provide tangible benefits to businesses and consumers with robust fraud protection and a better onboarding experience.”

Versatile Credit continues to innovate in the consumer financing space, seeking strategic partnerships to enhance its platform and provide merchants with effective financing solutions and tools.

About Versatile Credit
Versatile Credit offers a technology platform that enables retailers to build a financing program with leading lending providers, innovative financing solutions and engaging customer experiences —potentially leading to more finance applications, approvals and sales. For more information about Versatile Credit, visit versatilecredit.com.

About Prove Identity, Inc. (“Prove”)
Prove enables businesses to provide frictionless digital consumer experiences without compromising security. With Prove’s advanced identity verification and authentication platform and Prove Identity Network®, trusted digital transactions are assured throughout the user journey. More than 1,000 businesses, including 9 of the top 10 U.S. banks, rely on Prove to boost revenue, improve customer acquisition, enhance cybersecurity, mitigate fraud, and eliminate costs of legacy identity verification solutions. Learn more at www.prove.com and follow us on LinkedIn.