TASCET

Compliance Solutions

With Your Customer In Mind

We work in five industries that share one common concern: compliance with federal regulations. TASCET's ability to confirm and verify an ICONN while safeguarding privacy ensures compliance with your respective regulations today, tomorrow and into the future.

As compliance is maintained, your customers’ privacy and confidentiality are as well. When businesses employ TASCET confirmation and verification technology, customers know their security and confidentiality are a priority, which is vital to building the trust and loyalty needed for a successful, long-term business relationship.

The financial sector must adhere to strict levels of compliance. As mandated under the Bank Secrecy Act and the USA Patriot Act, Know Your Customer regulations require financial institutions to ascertain the identities of their customers in order to prevent money laundering and terrorist financing. You have processes in place to detect fraud and prevent financial crimes, but are they enough?

TASCET’s technology eliminates any doubt or guesswork when a customer uses their ICONN. Once the customer’s Financial ICONN is confirmed by TASCET, the ICONN can be used as an alternative to the Social Security number for future verification. When customers return to receive services, they simply provide their Financial ICONN for real-time verification.

For financial institutions, the Financial ICONN:

Offers a strong, efficient approach to Know Your Customer compliance.

Prevents identity fraud in new accounts and stops many fraudulent transactions before they occur.

Lessens reliance on Social Security numbers for customer identification, and becomes an identifier that remains with the customer regardless of changes in name, address or financial institution.

For the customer, the Financial ICONN:

Provides instantaneous identity verification securely and anonymously, without the need to remember passwords or PINS.

Protects them from identity fraud.

The Health Insurance Portability and Accountability Act (HIPAA) exists to protect the security and confidentiality of electronic health information. As much as healthcare entities try to safeguard patients’ health information, data breaches, internal fraud, negligence and theft can put your patients’ medical information at risk. When situations like these occur, the results can be devastating: penalties for non-compliance can reach as high as $1.5 million, the reputation and public image of the hospital can be irreparably damaged and the trust of the patient is lost.

Once the patient’s Health ICONN is confirmed by TASCET, the ICONN can be used by the patient to remain anonymous yet uniquely identified in order to access and exchange their medical records. When patients return for reasons such as follow-up care or to fill a prescription, they simply provide their Health ICONN for real-time verification.

For the hospital, pharmacy or other healthcare entity, the Health ICONN:

Maintains compliance by ensuring patient privacy and confidentiality during electronic health record exchange.

Enables HIPAA-covered entities to exceed compliance regulations by providing consistent, reliable identification of patients without using publicly available identifiers.

Keeps patients anonymous while enabling the provider to still know and verify the patient’s identity.

Cuts costs by reducing the amount of hours and manpower spent on record adjudication.

For patients, the Health ICONN:

Provides a digital representation of the patient’s identity, which gives the patient a new level of safety, security, privacy and convenience.

Improves convenience by minimizing the amount of information needed during registration, which saves time.

Offers peace of mind knowing that medical decisions are made based on your identity.

Enhances privacy if your electronic medical records are exchanged.

Schools and universities must comply with a variety of regulations, such as the Family Education Rights and Privacy Act (FERPA), the Student and Exchange Visitor Information System (SEVIS) and the Higher Education Act (HEA), among others. Knowing the identity of students registering for distance education classes to prevent fraud, reporting on the status of exchange students, and obtaining students’ consent to release transcripts, grades and other sensitive information make academic institutions accountable when compliance is concerned.

Once the student’s Academic ICONN is confirmed by TASCET, the ICONN allows schools and universities to know who their students are while protecting their privacy and confidentiality. If students wish to release their transcripts to another school or enroll in distance learning classes, they simply provide their Academic ICONN for real-time verification.

For schools or universities, the Academic ICONN:

Protects the privacy of student records in accordance with FERPA.

Prevents fraud during test-taking or distance learning.

For students, the Academic ICONN:

Puts students in control of the release and exchange of their transcripts, grades and schedules.

Makes any service the educational institution offers (health and banking programs) available through the ICONN.

The internet brings a new level of convenience to our lives each day, and that convenience has been multiplied by the advent of smartphones and tablets. In the digital world, the need to confirm and verify your customer’s identity will become just as important as it is when transactions are performed in person, and as online shopping and banking become the norm, the arrival of compliance is just around the corner.

Once the customer’s Cyber ICONN is confirmed by TASCET upon the purchase of a smartphone, computer or tablet, the ICONN can be used as an alternative to personal information like birthdays or Social Security numbers for future verification. When customers choose to purchase goods or perform a transaction using the internet, they simply provide their Cyber ICONN for real-time verification.

For businesses, the Cyber ICONN:

Prepares them for impending regulations in the most cost-effective and least disruptive way possible.

Provides a marketing benefit by allowing them to claim that they are the most secure provider when it comes to privacy and identity fraud.

Reduces waiting time for customer service: customers do not have to go through the tedious process of re-establishing identity before making changes or decisions on an account.

Decreases costs associated with fraud such as unpaid bills, false device insurance claims and devices which are jailbroken and sold on the black market.

For customers, the Cyber ICONN:

Allows users to remain anonymous and in control of their identity and privacy for e-commerce, banking or accessing websites.

As state budgets spiral out of control, governors and legislators are looking for ways to reduce costs within programs with minimal effect on residents. While leaders are busy looking for ways to save money, identity fraud and program abuse total in the millions, if not billions, of dollars per year in some states. Confirming and verifying your residents’ identities is a cost-effective way to prevent individuals from obtaining state services using fraudulently obtained documents.

Once a person’s Resident ICONN is confirmed by TASCET, they can confidentially and securely use their identity in real time when applying for a driver’s license, Medicaid or other state program or benefit. A Resident ICONN creates a solid infrastructure for states to handle multiple federal and state issues including Medicaid, immigration, disaster response, E-Verify and REAL ID.

For states, the Resident ICONN:

Creates a breeder identification credential that allows states to issue driver licenses with confidence, and in less time.

Meets a higher standard than E-Verify and streamlines employment verification.

Safeguards programs and agencies, such as Medicaid and motor vehicle departments, from fraud.

Provides an infrastructure for immigration management.

Enables an interoperable system for states to identify first responders.

For residents, the Resident ICONN:

Proactively protects from identity fraud.

Offers convenience when applying for state services.

Preserves services and programs for the most vulnerable residents.

Saves millions of dollars each year by preventing the loss of money to fraud, waste and abuse.