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Harland to market ID theft solution
SAN DIEGO (7/24/08)--Compliance Coach’s CompliancePal, which allows credit unions to comply with the Fair and Accurate Credit Transaction (FACT) Act Identity Theft Red Flags Rule, will be marketed by Harland Financial Solutions, the company announced this week. CompliancePal uses a five-step system to help credit unions comply with the FACT rule, which imposes new responsibilities on businesses to prevent consumer identity theft. The software program walks the user through a series of questions and procedures including: the required risk assessment, the mapping of red flags to appropriate detection and response procedures, the written program, training materials and a compliance status report. “Complying with the Red Flags Rule will be challenging for financial institutions and affected businesses,” said Helen Beckel, Harland senior vice president of strategy and market development. The compliance deadline is Nov. 1. CompliancePal software will be updated regularly to identify new theft schemes and red flags, Compliance Coach said. Harland Financial Solutions, a subsidiary of Harland Clarke Holdings Corp., supplies software and services to financial institutions including
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