The Veratis Insurance Group Takes Mobile Cash and Payment Protection to Market Through an International Marketing Agreement with Global Benefits Group

MIAMI, May 24, 2011 /PRNewswire/ -- The Veratis Insurance Group, a subsidiary of The Veratis Group, is pleased to announce that it has entered into the rapidly emerging mobile payments and cash marketplace through an agreement with Global Benefits Group to market an innovative version of their ATMSafe™ program that is designed to insure cash transactions on smartphones and other mobile devices. ATMSafe™ is the engine driving Veratis Group's CashGuardPlus™ mobile program, providing safety and security for various financial platforms: mobile cash transactions, ATMs, remittance cards and payroll. This new payments protection service offers a distinct opportunity to add major revenue enhancements to transactional services. According to James Fridl, President of the Veratis Group, "CashGuardPlus™ was introduced to provide owners of any mobile device, using any technology, payment application or service, the safety and security of an enhancement program that replaces cash stolen from a mobile smartphone, prepaid card, or during an ATM robbery."

ATMSafe's President, Patrick Merkley, states, "The creativity and service capabilities of The Veratis Group led us to team up and focus our mobile protection marketing and distribution through Veratis. ATMSafe's mobile coverage follows the insured, provides global protection and is in effect worldwide 24 hours a day, 7 days a week." The Veratis Group will market the service to financial institutions, retailers, affinity and travel groups, insurance companies, card issuers, card reader manufacturers, and phone companies.

The CashGuardPlus/ATMSafe mobile platform provides consumers comfort and security when making payments with their phones. Veratis is aiming to become the leader in mobile payments by having this insurance embedded in every mobile payment transaction. The service has already been incorporated in its MobileAssurity™ product that replaces/repairs stolen or damaged any-age smartphones administered by International Warranty Administration Services, Inc. (IWASI). The Venturion Group, a direct marketing affiliate of Veratis and IWASI, has begun marketing the service to its several hundred thousand existing customer base and to customers and members of sponsoring clients. The Veratis Group and its subsidiaries are leaders in forward-thinking marketing, product development, sales and administration for a wide range of services that provide consumers extraordinary opportunities to improve their lives through access to quality of life services and that create incremental revenue and enhanced loyalty for sponsors.

ABOUT THE VERATIS INSURANCE GROUP

The Veratis Insurance Group is the 50-state licensed insurance agency subsidiary of The Veratis Group, headquartered in Miami, FL with offices in Richmond, VA, Washington, DC, Chicago, IL and Parker, CO. The company offers specialty insurance programs through financial institutions, affinity groups, corporations and direct to consumers. The Veratis Group represents the new model of marketing and administrative services backed by the founders' extensive experience and the administrative services of IWASI, three call centers totaling more than 1,000 seats, the latest technological advances, and a global presence. Veratis programs are sold through agencies, financial institutions, affinity groups, associations, insurance companies, membership groups and nationally syndicated cable TV. Veratis has expertise in creating, developing, marketing and administering a wide variety of specialty programs including, but not limited to: extended warranties (consumer and business products, home and auto), travel programs (insurance and travel services), non-insurance benefits (club, membership, credit card), specialty programs (cell phones, smartphones, embedded and optional bank programs), and more.

For information on how to make mobile payments easier and secure, please visit http://www.theveratisgroup.com or contact:

James J. Fridl
The Veratis Group, Inc.
President
jjfridl@veratisgroup.com
(908) 391-0300

Alex Kramer
The Veratis Group, Inc.
Vice President
akramer@veratisgroup.com
(804) 339-4118

ABOUT GLOBAL BENEFITS GROUP

Founded in 1981, privately held Global Benefits Group serves the insurance and financial service needs of expatriates, third-country nationals and local nationals. GBG offers a multitude of insurance products - including health, life, income replacement and special risks - to individuals or groups of any size around the world.

GBG has full-service administrative offices in Southern California (Corporate Headquarters); Belgrade, Serbia; Hyderabad, India; London, England; Manila, Philippines; Quito, Ecuador; Shanghai, China; Singapore; and Vienna, Austria. In addition, GBG has local field representation in Brazil, Dubai, El Salvador, Ethiopia, Philippines, South Korea, Thailand, The Netherlands, United Kingdom and Venezuela.

Under its ATMSafe International brand, GBG is the leading supplier of Specialized Risk, Remittance, and Micro Insurance solutions to international financial institutions around the world.

FOR ADDITIONAL INFORMATION

Mr. Andrew Thorburn
Global Benefits Group
President & CEO
AThorburn@gbg.com
(949) 421-3331
On the web: http://gbg.com

Mr. Mark Tomaszewski
Global Benefits Group
Chief Marketing Officer
MarkT@gbg.com
(949) 421-3337

Mr. Patrick Merkley
ATMSafe Global
President
Patrick.Merkley@gbg.com
(949) 421-3372
On the web: http://atmsafe.com

Facebook: https://www.facebook.com/pages/The-Veratis-Group/204319892939592

Twitter: http://twitter.com/veratisgroup

LinkedIn: http://www.linkedin.com/company/the-veratis-group

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SOURCE The Veratis Insurance Group