Behind the Scenes of Yapital's Secure Registration: Cooperation Between Yapital and GBGroup

LUXEMBOURG, March 11, 2014 /PRNewswire/ --

GBGroup, a global leader in identity intelligence solutions, guarantees smooth registration of new Yapital customers with its state-of-the-art ID3global software

Modern consumers want to use highly-advanced technologies to purchase and trade, safe in the knowledge they are doing so securely. Easy, convenient and secure purchase with Yapital begins with the registration process: Yapital's new partnership with GBGroup will ensure that customers are verified quickly and accurately, enabling them to purchase goods and services on the web, mobile, in store and on invoice.

GBGroup's verification technology scans over 170 databases in seconds, and compares details including the name and address of the customer against records from public databases including phone directories and residential registers. As an e-money institution licensed in Luxembourg, Yapital is subject to the strict regulations of Luxembourg's financial supervisory authority. GBGroup's online verification process helps Yapital to meet these requirements.

"Thanks to the cooperation with GBGroup we can offer our users a simple but secure registration process," says Nils Winkler, Chairman of the Board at Yapital. "This means that immediately after the registration our customers can use Yapital to pay online, by mobile, in-store and through invoices."

Glenn Porter, General Manager of International Identity Verification at GBGroup, said: "We are delighted to be working with Yapital to ensure their customers can purchase goods and services in a safe and secure environment. The importance of fast and secure identity verification is pivotal, and this partnership will ensure that the verification process is efficient and secure."

Press release issued by
Yapital Financial AG
5 Rue Eugène Ruppert
L-2453 Luxemburg

About Yapital Financial AG

Yapital is the first European, cross-channel cashless payment solution operating across all channels: in-store, mobile, online and by invoice. Operation is easy, fast and secure: following online registration, the user can immediately make payments, send and receive money with Yapital, across all channels.

For business customers, Yapital is a guaranteed means of payment - this provides process security and reduces administrative costs. In addition, Yapital seamlessly covers all trade and service channels, thus enables marketing channels to be converted into sales channels.

Yapital was established in 2011 as a wholly owned subsidiary of the Otto Group. Yapital Financial AG is licensed in Luxembourg as an Electronic Money Institution.

More information on Yapital:

Homepage: http://www.yapital.com

Blog: http://www.yapital.info

Contact
Martin Zander
Yapital Financial AG
Tel.: +352-203-10-111
Mail: press@yapital.com

See Yapital in action live at Retail Business Technology Expo (11-12 March 2014), Stand 227.

About GB Group

The most profitable and successful organisations recognise the value of understanding the individual identity of their customers and employees. GBG combines this concept of identity with technology to create an environment of trust, so that organisations can employ people and connect, communicate and transact with consumers, safely and responsibly.

We call this Identity Intelligence.

Contact
Kei Hau, GBGroup
Email: kei.hau@gbgplc.com

Paul James, Bite Global
Email: paul.james@biteglobal.com
Number: +44(0)208-834-3402