Visage Solutions to Host Webinar Discussion Featuring Industry Experts on Red Flag Rules for Other Creditors

Raleigh, NC, October 29, 2008 – Visage Solutions will sponsor an educational webinar with industry experts titled “Red Flags Rules for Other Creditors” on November 13th at 10am. The agenda will include an overview of the Red Flags Rules, who they apply to, overview of requirements, relationship to HIPAA and practical implementation guidance for the healthcare industry. Registration is required for the free session and attendees will be eligible for 1 C.P.E.

To register please click here: http://www.visagesolutions.com/register.php

The deadline for the Federal Trade Commission’s Red Flag Rule was recently extended because many companies were unaware and unprepared to meet the original Nov. 1 deadline. Because of ambiguities in the rule, entire industries where unaware they are required to comply with this regulation targeted at Identity Theft. Although most in the banking community were able to comply by the original November 1 deadline, many doctors, dentists, hospitals, universities, care dealers, municipalities that provide utility service and others were unaware of their obligations. Any person or organization that routinely provides services and invoices the consumer monthly or provides for a payment plan is technically considered a creditor and may have to comply with this regulation. Healthcare has an additional burden since they also have to address “Medical Identity”. Enforcement is now due May 1, 2009.

About Visage Solutions – www.VisageSolutions.com

Visage Solutions is a consulting company operating in the areas of regulatory compliance, risk assessment, information security, risk management and compliance processes. Utilizing our proprietary SingleVue™ and OpsAudit™ methodologies, the company focuses on assisting business entities in mitigating operational risk. Visage has provided solutions to a client base ranging from private, entrepreneurial companies to large multinationals. Our team is comprised of experienced executives, managers and consultants who can assist clients with the development, implementation and execution of their risk management and compliance strategy.

 

 


"The Visage Risk assessment tool and methodology allowed us to respond the risk assessment requirements of the FFIEC in a timely and cost effective manner ".
   Robert Kernodle, SVP and Risk Officer of Cornerstone Bank
 
"Although there is always a degree of subjectivity in any risk assessment, the Visage Risk Assessment tool and methodology is one of the best I've seen in removing subjectivity and providing the underlying support for the scoring system".
   Patrick Camblin Senior Partner in Camblin CPA, PLLC

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