New Real-Time Identity Verification Solution Available Now from Accelitas

“Accelerated Insight” Provides Real-Time Identity Verification for Financial Institutions, Accelerating Customer On-Boarding, Reducing Fraud, and Facilitating Compliance

NOTE: When this press release was issued, Accelitas was operating under the name Dragnet Solutions, Inc. Read about our name change here.

NOVATO, CA, Aug. 31, 2011 — Dragnet Solutions™, the identity verification company, announced today the immediate availability of Accelerated InsightSM, a real-time identity verification solution for financial institutions. The solution supports aggressive account creation and cross-selling activities while cutting operating costs, reducing fraud, and facilitating KYC/CIP compliance. Accelerated Insight is offered as a Web service and provides easy, standards-based integration with the information systems that financial institutions already use. A free trial of Accelerated Insight is available for U.S. financial institutions today. For more information, visit www.dragnetsolutions.com.

Accelerated Insight uses powerful data-cleansing and fraud-detection algorithms to turn raw, hard-to-interpret consumer data reports into simple, clear decision-making guidance. Simply submitting a name and current or previous address immediately returns the current address, a correct Social Security Number, and a proprietary exception analysis that helps prevent fraud.  Results are returned in real time—not in daily batches—instantly confirming customer identity and accelerating the on-boarding process. Accelerated Insight reduces or eliminates error-prone keyboard input, dramatically reduces exception-handling volumes, and measurably improves customer experience.

“Accelerated Insight’s fast and accurate identity verification frees branch personnel to focus on delivering the best possible service and makes customer interactions far more productive and profitable,” said Gary Root, chief executive officer, Dragnet Solutions.  “Additionally, the solution reduces fraud and facilitates compliance with the USA PATRIOT Act and other regulations.”

To learn more about Accelerated Insight or to request a demo, please contact sales@accelitas.com.

About Accelitas

Accelitas is a leading provider of identity intelligence services that help companies identify and say "yes" to more customers.

Our Accelerated Insight® platform includes four real-time web services that provide a faster, smarter way to seamlessly open digital accounts, quickly authenticate IDs, verify profitable customers, and revive previously rejected applicants. The resulting decreases in abandonment, risk and charge offs, and rejection rates can deliver an ROI as high as 30:1.

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Dragnet Solutions and Accelerated Insight are registered trademarks of Accelitas, Inc. Intercept, and Mobile Intercept are service marks of Accelitas, Inc. Other names may be trademarks of their respective holders.

Media Contact:
John Bennett
Accelitas
1 (510) 495-6590 (mobile)
john.bennett@accelitas.com