Intersections to Provide Operational and Consumer Services to Not-for-Profit Financial Services Consortium That Provides Free Service to Identity Theft Victims
Intersections Inc. (Nasdaq:INTX) announced it has signed afour-year agreement to operate the Identity Theft Assistance Center(ITAC), a not-for-profit organization owned and operated by financialservices companies that provides free victims assistance to customersof its member companies.
Intersections Inc. is the leading provider of branded andfully-customized credit management and identity theft detection,protection and recovery services to the customers of many of NorthAmerica's largest financial services companies. The company has been abusiness partner to ITAC since its inception as a pilot program inAugust 2004. Since then ITAC has helped restore the identities ofthousands of financial services customers.
"We are proud to be part of this groundbreaking industryinitiative to address the causes, and human and economic consequences,of identity theft," said Michael Stanfield, CEO of Intersections."ITAC brings together financial services companies and law enforcementto help victims and to prevent fraud and identity theft from occurringin the first place."
In addition to victims' assistance and fraud reporting services,Stanfield said ITAC members will have access to additional servicesthey can use to protect their customers from fraud, including creditfile monitoring and information security breach remediation.
"Our partnership with Intersections allows us to offer members acomprehensive suite of services they can use to complement theirexisting fraud operations or as a stand-alone solution to frauddetection, protection and notification," said Anne Wallace, executivedirector of the Identity Theft Assistance Corporation, which operatesITAC.
About Intersections Inc.
Intersections, Inc. (NASDAQ: INTX) is a leading provider ofbranded and fully-customized identity management solutions. Byintegrating its technology solutions with its comprehensive services,Intersections safeguards more than 5 million customers. Thesecustomers are primarily received through marketing partnerships andconsumer direct marketing of the company's IDENTITY GUARD(R) andSBGUARDIAN(SM) brands. Additionally, Intersections offerspre-employment background screening through its wholly-ownedsubsidiary, American Background Information Services, Inc.
Learn more about Intersections Inc. at www.intersections.com.
About ITAC
The Identity Theft Assistance Center (ITAC)(www.identitytheftassistance.org) is a cooperative initiative of thefinancial services industry that provides a free victim assistanceservice for customers of member companies. Part of the ongoingindustry focus on combating fraud and identity theft, the ITAC openedin August 2004 and is run by the Identity Theft AssistanceCorporation, a not-for-profit membership corporation sponsored by TheFinancial Services Roundtable and BITS.