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Looking for solutions to the growing wave of Identity Fraud on the Internet? 

 

I-AVS: The Internet Address Verification System patent prevents the use of any stolen identities on the Internet.

 


|Overview|       |White Paper (HTML)|       |White Paper (PDF)|        |Patent Application (HTML) |       |Patent Application (PDF) |       |Brochure (PDF)|


I-AVS provides a solution to solve the fraudulent use of stolen identities (IDs) on the Internet.

 

Fraudulent ID use includes the theft and use of credit card information, online  banking IDs and passwords, as well as all other confidential online identities, e.g. from eBay, Amazon, Online Stock Trading, etc.

 

So how big a problem is online identity theft?

 

Ignoring for the moment, that not a day goes by without an article on ID Theft appearing in national newspapers, television and business journals, consider the following facts:

 

  • In 2004 according to the U.S. Federal Trade Commission, various forms of identity theft, including online theft via phishing, etc., cost U.S. businesses and consumers between $50 billion and $60 billion 1.

  • Americans are increasingly using credit cards instead of cash. In 2003 US consumers bought $2.2 trillion, yes, Trillion, using credit cards. This is about 20% of the US GDP 2.

  • The average credit card purchase is about $60 6.

  • In 2004, 39.5 million US households shopped online, an increase of about 10% from 2003 9.

  • In 2004, 69.3 million US households banked online 7. According to the U.S. Census Bureau, in 2000 there were 105.5 million households 8.

  • 48% of people avoid purchasing online because of the treat of ID Theft 3.

  • About 33% of all corporate travel is currently purchased online. The managed business travel market is a $91 billion market 4.

  • Ameritrade's 2005 U.S. daily trade volume is about 170,000 trades per day. 5

  • 18% of consumers have experienced ID Theft 10.

  • 97% of people surveyed regard ID Theft as a serious problem 3.

Many resources are being dedicated to solving this problem, in whole or in part. I-AVS is a patented business service that prevents any Internet use of stolen ID data to either purchase goods, or to log onto a protected web site.

 

I-AVS uses technology and information that has been available ever since the Internet was commercialized. This information is collected by Internet Service Providers, both dial-up and broadband access, and provides irrefutable evidence as to where the end user has physically connected to the Internet. This known physical connection is independent of the computer or other devices that the end user is logging onto the Internet with.

 

The Internet Address Verification System (I-AVS) patent is currently available for licensing.

 

A White Paper is available online that describes the I-AVS patent in greater detail. A PDF brochure is also available for downloading. The I-AVS patent application is also available online.

 

See the links below to access this information.

 

White Paper (PDF)

1  "Phishers Try To Reel In Small Businesses", InformationWeek, March 21, 2005

2 "Crowned at last", The Economist, April 2, 2005

3  "Love the Web? Love Your Privacy? You Can't Have Both", The New York Times, June 26, 2005

4 "Travel Manager's Lament", The New York Times, August 16, 2005

5 "Brokerages cutting commissions to attract online stock traders", internetnews.com, July 20, 2005

6 MasterCard Incorporated Annual Report 2004 ($1 trillion / 16.6 billion transactions)

7 "Online Banking: Customer Satisfaction and its Implications for Building Loyalty and Influencing Buying Behavior", Forbes.com / Forsee Results, Winter 2005

8 US Census Bureau, Quick Facts, http://quickfacts.census.gov/qfd/states/00000.html

9 "Broadband penetration to surge by 2010 in US: Survey",  http://www.strategiy.com/inews.asp?id=20050803133346, August 3, 2005,

 10 "Identity Theft Fears Fail to Spur Action", The Gallup Organization, August 16, 2005

"E*Trade Offers to Reimburse Any Victims of Online Fraud", The New York Times, January 18, 2006


 

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