Intellicheck (Nasdaq: IDN) today announced a collaborative
agreement with Ipsidy (OTCQB: IDTY) to offer an enhanced suite of
comprehensive real-time facial biometric identity proofing and
multi-factor authentication solutions for the North American
market.
Under the new agreement, the companies can now offer expanded
authentication with greater than 99% accuracy for any
person-not-present transaction, whether on the web or in a mobile
application. By combining Intellicheck’s industry leading remote ID
authentication with Ipsidy’s best in class facial liveness and
biometric matching services, clients will confidently know whether
or not the person they are remotely dealing with is who they say
they are.
Intellicheck CEO Bryan Lewis said, “Account takeover incidents
jumped 74 percent in 2019 at a significant cost to consumers and
merchants. The need to prevent identity theft and fraud will
continue to grow and intensify. This new product offering is an
effective and efficient answer to the surging incidents of account
takeovers throughout North America.”
Lewis noted that, “Authentication and verification must be top
of mind across the lifetime of an account. To protect the business
and consumer, you must first establish that the consumer opening an
account has a valid form of government issued ID and then through
facial biometric matching confirm that the consumer is in control
of that ID. But account opening ID authentication is just the first
step. There is an ongoing need to protect the business and the
legitimate account holder from fraudulent account takeovers. Every
request that could signal account takeover must be authenticated to
prevent fraudsters from inflicting costly damage. This partnership
provides multiple tools to do so.”
Ipsidy CEO Phillip Kumnick said, “Everything starts with trusted
identity. Our identity platform delivers a suite of services that
help our customers quickly and accurately establish this foundation
of trust. Intellicheck is well known for their leadership in
providing real-time ID authentication. This agreement brings
together both service offerings to effectively deter identity fraud
and account takeover in today’s digital world.”
Intellicheck is an industry leading company focused on
delivering proven, real-time identification authentication and age
verification technology solutions for in-store, on-line and mobile
environments, while providing a frictionless customer experience.
Ipsidy is a provider of an Identity as a Service (IDaaS) platform
and a suite of secure, mobile, biometric identity solutions.
Intellicheck’s real-time authentication technology solutions
have proven more than 99% effective in stopping identity theft and
fraud. The company’s state-of-the-art technology solutions protect
many of the nation’s top financial services companies as well as
credit card issuers, payment providers, more than 23,000 retail
locations representing the most prominent national and
community-based retail brands, restaurants, automotive dealers,
health care providers, law enforcement agencies and members of the
U.S. military. The company’s technology solutions have been equally
effective in preventing underage access to age-restricted venues
and products including alcohol, cannabis, vaping and traditional
tobacco products in brick-and-mortar and mobile settings.
About Intellicheck
Intellicheck (Nasdaq: IDN) is a trusted industry leader in
technology solutions that stop identity theft and fraud with
real-time identification authentication and age verification. We
make it possible for our clients to increase revenues, improve
customer service, and increase operational efficiencies. The
company is focused on partnering with banks, credit card issuers
and retailers to prevent fraud. Intellicheck also serves law
enforcement agencies, national defense clients and diverse state
and federal government agencies. For more information on
Intellicheck, visit http://www.intellicheck.com/ and follow
Intellicheck on LinkedIn, Twitter, Facebook, and YouTube.
Contacts: Intellicheck Media and Public Relations: Sharon
Schultz (302) 539-3747 Intellicheck Investor Relations: Gar Jackson
(949) 873-2789
About Ipsidy
Ipsidy Inc. (OTCQB:IDTY) www.ipsidy.com, is Digital Identity.
Ipsidy’s mission is to ensure our customers know the identity of
their users with biometric certainty. Our Identity as a Service
(IDaaS) platform delivers a suite of secure, mobile, facial
biometric identity solutions, available to any vertical, anywhere.
Our robust identity verification and authentication solutions work
great on their own but even better together to help answer everyday
questions: Who is applying for a loan? Who is sending money? Who is
requesting an account change? Ipsidy is committed to providing
seamless, accurate and speedy identity solutions that establish
security and trust in today’s digital world.
Ipsidy is headquartered in New York and has operating
subsidiaries: MultiPay in Colombia, www.multipay.com.co; Cards Plus
in South Africa, https://cardsplus.co.za/; Ipsidy Enterprises in
the U.K and Ipsidy Perú in Peru. Further information on Ipsidy can
be found at www.ipsidy.com. If you wish to join the Ipsidy partner
network and resell our suite of mobile biometric solutions, contact
Ipsidy at sales@ipsidy.com.
Contact CEO and Deputy Chairman, Phillip Kumnick (516)
274-870
Intellicheck Safe Harbor Statement
Statements in this news release about Intellicheck’s future
expectations, including: the advantages of our products, future
demand for Intellicheck’s existing and future products, whether
revenue and other financial metrics will improve in future periods,
whether Intellicheck will be able to execute its turn-around plan
or whether successful execution of the plan will result in
increased revenues, whether sales of our products will continue at
historic levels or increase, whether brand value and market
awareness will grow, whether the Company can leverage existing
partnerships or enter into new ones, whether there will be any
impact on sales and revenues due to an epidemic, pandemic or other
public health issue and all other statements in this release, other
than historical facts, are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995
(PSLRA). These statements, which express management’s current views
concerning future events, trends, contingencies or results, appear
at various places in this release and use words like “anticipate,”
“assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,”
“future,” “intend,” “plan,” “potential,” “predict,” “project,”
“sense”, “strategy,” “target” and similar terms, and future or
conditional tense verbs like “could,” “may,” “might,” “should,”
“will” and “would” are forward-looking statements within the
meaning of the PSLRA. This statement is included for the express
purpose of availing Intellicheck, Inc. of the protections of the
safe harbor provisions of the PSLRA. It is important to note that
actual results and ultimate corporate actions could differ
materially from those in such forward-looking statements based on
such factors as: market acceptance of our products and the
presently anticipated growth in the commercial adoption of our
products and services; our ability to successfully transition pilot
programs into formal commercial scale programs; continued adoption
of our SaaS product offerings; changing levels of demand for our
current and future products; our ability to reduce or maintain
expenses while increasing sales; our ability to successfully expand
the sales of our products and services into new areas including
health care and auto dealerships; customer results achieved using
our products in both the short and long term; success of future
research and development activities; uncertainties around the
duration and severity of the COVID-19 outbreak and its ultimate
impact on our business and results of operations; our ability to
successfully market and sell our products, any delays or
difficulties in our supply chain coupled with the typically long
sales and implementation cycle for our products; our ability to
enforce our intellectual property rights; changes in laws and
regulations applicable to the our products; our continued ability
to access government-provided data; the risks inherent in doing
business with the government including audits and contract
cancellations; liability resulting from any security breaches or
product failure, together with other risks detailed from time to
time in our reports filed with the SEC. We do not assume any
obligation to update the forward-looking information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200804005060/en/
Intellicheck Media and Public Relations: Sharon Schultz (302)
539-3747 Intellicheck Investor Relations: Gar Jackson (949)
873-2789
Ipsidy Inc. CEO and Deputy Chairman, Phillip Kumnick (516)
274-8700
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