WHATA service that helps prevents financial abuse of the elderly by flagging early warning signs. Technology is used to detect and prevent fraud, unauthorized use of credit cards, unusual cash withdrawals, missing deposits and abnormal changes in spending patterns.
WHYTo prevent the financial abuse of elderly with the use of technology, in a timely manner.
The company scans all of the bank accounts, credit cards and investments of an older adult on a daily basis. If something looks fishy, the older adult — and his or her designated family members — are notified.
"Eversafe protects your assets and peace of mind. It guards older Americans against financial exploitation by daily scanning of financial accounts and timely alerts to suspicious activity. It helps protect you by detecting abnormal spending patterns, unusual credit card charges, missing deposits, unexpected cash withdrawals and identity theft."
Financial Exploitation of older adults is a growing epidemic. Isolation can make seniors a particular target for financial predators.
EverSafe allows designated family members, caregivers, or trusted professionals to receive red alerts and assist in monitoring the financial account of an older adult.
Eversafe aims to prevent elder financial abuse by:
- Providing bank-level security and 24/7 protection.
- Scanning financial accounts daily.
- Detecting unusual spending patterns, charges and withdrawals.
- Sending alerts upon suspicious activity.
- Monitoring of personal credit at credit bureaus.
- Consolidated reporting with an overview of financial accounts.
Eversafe states that seniors’ privacy and information is safe and secure, encrypted, and that they do not store full account number.
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WATCH VIDEO ON EVERSAFE