EVS partners with PayToo to meet compliance and security needs

EVS

Providing security solutions

Electronic Verification Systems (EVS) have announced its partnership with PayToo to improve mobile payment and mobile banking security and fraud prevention.

With the rising fees and complicated nature associated with traditional banking practices, many American consumers are now opting for alternative solutions available online for money and payment management. PayToo is a company aiming to meet the changing needs of consumers in the mobile wallet industry, and has partnered with (EVS) to assist in the required compliance and security needs.

PayToo is now utilizing several EVS products including IdentiFraud Consumer, IdentiFraud Corporate, SSN Lookup, and IdentiFraud International.

“We are experienced in assisting companies in the Mobile Wallet space with their compliance needs, particularly with Anti-Money Laundering (AML) and Know Your Consumer (KYC) regulations,” Jeff Davis, President and CEO of EVS said. “We also help protect their customers from fraudulent activity on their account through our IdentiFraud suite of products.The mobile wallet is the future, and we can’t wait to see PayToo grow to be the industry leader.”

“As the world’s premier mobile wallet, it’s important that PayToo does everything it can to aid in security, fraud detection and compliance,” says Michel Poignant, CEO of PayToo Corp. “Partnering with EVS was an easy decision – they’re one of the top security and compliance solutions on the market.”

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