Atlanta, GA (PRWEB) August 21, 2008
FormFree Corporation announced launch of FormFree Canadian Financial, Inc. FormFree offers enhanced electronic account verification systems, electronic tax management systems, and electronic credit authorization systems. "FormFree's financial e-commerce solutions have significant value to our overseas partners and launch of our Canadian presence illustrates our commitment to International markets," says Chad Jenkins, FormFree Founder.
FormFree used its experience in electronic audit solutions and online mortgage solutions to research & develop a online risk management and account verification system for credit card issuers and mortgage companies. The new state-of-the-art solution, Veribank™, provides an efficient and reliable system and method of account balance verifications. "When the automatic verification system is offered directly to institutions, who are suffering high default rates on credit issuances, the advantages become apparent to all," says Mr. Jenkins.
Business has proved to be even stronger in 2008, as FormFree appears to have finally turned the corner and taken advantage of its hard-fought position in the marketplace. Far from content, Mr. Jenkins continues to look for ways to expand the reach of the company. With the Personal TaxEdge 2.0 release, FormFree hopes to serve the 80 percent of the nation's population that do not file taxes online. On the other end of the scale, Mr. Jenkins is also interested in providing enhanced credit reporting solutions designed to mitigate risk. After 6 years in business, FormFree is in many ways just beginning to realize its vast potential.
"We believe our "Patent Pending" Veribank™ Electronic Account Verification Solution presents a much better opportunity for Canadian Banks and leads to better risk management, lower credit default rates and ultimately much better return on investments," says Mr. Jenkins.
"To stay profitable, U.S. and Canadian Banks need take measures to lower credit default rates on consumer credit issuances and mortgage loans. Our "patent-pending" solutions enable financial institutions to do that with electronic account verification solutions. FormFree's solutions provide 98% coverage in both U.S. and Canadian markets which provides the most comprehensive solution on the market," says Mr. Jenkins.
For additional information on FormFree Corporation or for a demo of FormFree's consumer online tax preparation platform, contact Chad Jenkins or visit http://www.formfree.com. FormFree is a licensed trademark of FormFree Corporation.
About FormFree Holdings Corporation (http://www.formfree.com):
Founded in 2002, FormFree Holdings Corporation is a Delaware Corporation providing financial electronic commerce services and products to U.S. financial institutions. FormFree's financial e-commerce solutions enable electronic account verification systems, electronic tax management systems, and procedural credit authorization systems.
Certain of the Company's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future (paragraphs 1, 2, 3, 4, 5 and 6). Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, its ability to successfully integrate acquired companies and other risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. One or more of these factors have affected, and could in the future affect the Company's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.
Nichole Morrison, SVP & Director of Marketing