News
IMM Completes Vendor Due Diligence with Red Flags Compliance
08/16/2010
LINDEN, N.J., August 16, 2010— Integrated Media Management(IMM)®, a document output management and automation technology provider, announced it has completed an internal red flag program in an effort to detect the warning signs of identity theft, which include unusual account activity, suspicious documents and alerts from consumer reporting agencies, as well as the appropriate response to the red flags that are detected.
"Our first priority is to help financial institutions respond quickly in an ever changing regulatory environment," said Chuck Klein, CEO at IMM. "This initiative will give our customers confidence that we are supporting all red flag requirements internally."
The Fair and Accurate Credit Transactions Act of 2003 (FACT Act) requires that every financial institution develop and implement a written identity theft prevention program to detect, prevent and mitigate identity theft in connection with the opening of certain accounts or maintenance of certain existing accounts. Red flags are described as a pattern, practice or specific activity that indicates the possible existence of identity theft. IMM is fully compliant with the FACT Act by developing its internal red flags program enabling customers to conduct annual maintenance and detect any warning signs of fraudulent activity.
About Integrated Media Management
Integrated Media Management(IMM)® based in Linden, N.J., specializes in document output management and automation technology and is based in Linden, N.J. IMM's products are in place at more than 600 financial institutions nationwide and they are currently partnered and interfaced with more than 20 processors and all the major compliance vendors. For more information about Integrated Media Management and its products and services, please visit www.immonline.com
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