TORONTO & MELVILLE, N.Y.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/authentication?src=hash” target=”_blank”gt;#authenticationlt;/agt;–Applied
Recognition and Intellicheck
(NYSE AMERICAN: IDN) today announced a new partnership to advance
digital identity authentication. Applied Recognition and Intellicheck
will incorporate one another’s technology into each partner’s respective
product offerings, combining barcoded identity authentication with
facial recognition. The combined, comprehensive technology solutions
will heighten identity theft protection, curbing fraudsters’ ability to
manipulate document, photo and video authentication to perpetrate
financial and retail fraud.
“The combined technology solutions of two industry leading innovators
set a new standard for identity authentication that is accurate,
effective, and easy to adopt and to use. We believe our advanced fraud
protection solutions will reduce online account-opening fraud
dramatically while simultaneously improving the user experience,” said
Applied Recognition Co-CEO Ray Ganong.
The frictionless, engaging, user experience will feature the user
capturing the front and rear image of a barcoded photo ID and then a
selfie, both taken using a mobile device’s camera. The submitted
information is rapidly analyzed for barcode authentication, optical
character recognition (OCR) validation and scoring, and
face-recognition-powered comparison of the selfie to the ID’s photo.
Collectively, these tests ensure a valid identity authentication.
“Our combined technology solutions provide robust fraud protection at a
critical juncture. The ongoing rise in data breaches that have
compromised the personal identification information of millions of
individuals have led to a dramatic increase in identity theft and fraud.
In an increasingly mobile and online world, to protect the consumer you
must first establish that they have a valid form of government issued ID
and then confirm that the consumer is in control of that ID. This new
partnership offers a much-needed dynamic solution that achieves both of
these requirements in a manner that is at once both potent and seamless
for the consumer,” said Intellicheck CEO Bryan Lewis.
The combined technology solutions will advance identity authentication
and deliver a cost-effective solution for the financial services and
retail industries, addressing legal, regulatory and know-your-customer
(KYC) requirements, as well as providing powerful anti-fraud protection.
The combined functionality will be available in a range of product
formats: software-as-a-service (SaaS) subscription licenses (both
individually and integrated into a bundled product offering),
usage-based server modules, and mobile SDKs (software development kit).
The combined service offerings will be available for use in the U.S.,
Canada and Mexico.
About Applied Recognition Applied Recognition, Inc. is a leader
in face detection, recognition and authentication technology. Founded in
2005, Applied Recognition has developed an extensive portfolio of
patents for facial recognition & indexing, and for enterprise-grade,
biometric authentication technologies. Applied Recognition serves
organizations that rely on biometrics to improve performance and
security: financial services providers, IoT device manufacturers, and
leading software publishers. Licensing is available for software
development kits for Android, iOS, and major server technology platforms
to support online identity verification and digital signature
applications as well as for login/authentication use cases. ARI also
offers Ver-ID Authenticator, enabling the addition of second-factor
authentication to any enterprise IT access-control system. To learn
more, visit www.appliedrecognition.com.
About Intellicheck NYSE American: IDN Intellicheck is a trusted
industry leader in technology solutions that provide real-time
identification authentication and age verification. We make it possible
for our clients to enhance safety and awareness, increase revenues,
improve customer service, and increase operational efficiencies. Founded
in 1994, Intellicheck has grown to serve dozens of Fortune 500 companies
including retail and financial industry clients, police departments,
national defense clients at agencies, major seaports, and military
bases, and diverse state and federal government agencies. For more
information on Intellicheck, visit http://www.intellicheck.com/
and follow Intellicheck on Twitter
on Facebook https://www.facebook.com/intellicheckidn/,
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and read Intellicheck’s latest blog post at http://intellicheckidn.com/.
Media and Public Relations:Sharon Schultz, (302) 539-3747
Investor Relations:Gar Jackson, (949) 873-2789