ORLANDO, Fla. — US Equity Advantage has passed a significant milestone, transmitting more than $1.3 billion in loan payments for its members, according to the company’s latest operating data.
US Equity Advantage uses a Tier IV data center with a three-factor security access requirement to house customer data. Authentication methods that depend on more than one factor are more difficult to compromise than single-factor methods, according to guidance from the Federal Financial Institutions Examination Council.
The company is fully compliant with the stringent money transmitter requirements related to licensing and bonding in all 50 states via direct licensing and contractual relationships, officials said.
“We consider the safety of our members’ money our top priority,” said CEO Robert M. Steenbergh. “USEA uses a full range of Internet security measures, including routers and firewalls, cryptography, and business processes to safeguard their money and personal information.”