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CDYNE XML Web Services Help Organizations Comply with FTC Red Flags Rule

Saturday, September 19, 2009 General News J E 4
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Web-Based Fraud Prevention Tools Can Reduce Medical Identity Theft

CHESAPEAKE, Va., July 1 /PRNewswire/ -- CDYNE Corporation, a leading provider of data enhancement, verification, and communication Web services, announced today that it is ready to assist health care organizations prepare for enforcement of the Federal Trade Commission's Red Flags Rule.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090701/PH40278LOGO )

According to the FTC Web site, medical identity theft is a growing problem that accounts for almost 5% of identity theft claims. The Red Flags Rule is designed to combat this problem by mandating due diligence by health care organizations and businesses that handle medical records.

Effective August 1, in order to comply with the Red Flags Rule, covered organizations must draft an Identity Theft Prevention Program outlining actions they will take to decrease patient fraud. CDYNE XML Web Services are designed to work in real time to validate records as they are entered into patient management software, Web site forms, and other applications. These instantaneous lookups can help providers match patients with information they provide to ensure medical records accuracy.

CDYNE's fraud prevention tools, such as CDYNE 411 and Death Index, can be implemented in an organization's system to flag bad addresses at point-of-entry, perform reverse lookups with phone numbers and addresses to match names in patient sign-in forms, and run records against the Social Security Administration's Death Index to reduce deceased person identity theft automatically.

"We have always recognized the importance of security in health care. The new FTC mandates can be easily implemented using CDYNE Web Services, which have been protecting against identity fraud in all of the industries we serve for years," said Jim Keown, CEO of CDYNE Corporation. "Our anti-fraud products are easily embedded into existing patient management software, which can expedite care and create seamless yet secure networks of medical information, thus protecting patients and medical practices from incidences of identity theft. The importance of these safeguards for medical information cannot be underestimated."

About CDYNE

Since 1999, CDYNE has been a leading provider of data enhancement, verification, and communications solutions using Web-based technology to ensure cross-platform compatibility. CDYNE XML Web Services include Phone and SMS (text) Notify!; Postal Address, Phone and Email Verification; Demographics; 411; Death Index; and IP2Geo (geographic location by IP address). These easy-to-implement services reduce fraud in real-time during applications or transactions, append customer records, enable targeted marketing, and allow automatic contact of staff, students, customers, and others in any situation. Added on to client systems (including POS), applications, and Web sites to enhance operations, CDYNE Web Services process information from CDYNE's vast databases in milliseconds. Transaction-based billing with no contracts means clients save money by purchasing only what is consumed. CDYNE serves numerous industries, including e-commerce/retail, sales/marketing, insurance, government, health care, and finance. For more information, visit www.cdyne.com or call 1-800-984-3710.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Christopher Chenoweth

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=89470

Contact: Elizabeth Rack Tel: (757) 544-9510 x3108 Email: ecr@cdyne.com www.cdyne.com

SOURCE CDYNE
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