IdentityMind Global and AU10TIX Partner to Enhance ID Fraud Detection and Speed-Up Customer Onboarding in E-Commerce
December 6, 2016
IdentityMind Global clients can benefit from deep-learning and machine-learning enhanced ID document fraud detection and ID-to-Selfie face comparison services that are seconds-fast and best in market in handling borderline quality images. Unlike conventional solutions that are primarily focused on document content OCR, AU10TIX 2nd generation technology offers multi-layered forensic detection of image manipulation and counterfeiting attempts as well as face comparison with unmatched performance with sub-optimal image qualities that characterize online and mobile customer acquisition. AU10TIX BOS can deliver the complete, combined service of ID authentication, record generation, screening and face matching in under 10 seconds thus speeding up customer onboarding and saving operating costs side by side with providing the strongest online and mobile fraud prevention standard on the market.
“The importance of being able to detect fraud not just based on customer data but also on the source of that data cannot be underestimated “, says David Andrews, Marketing of IdentityMind Global: “AU10TIX BOS is an important building block in our service portfolio. First because it can detect forgery and manipulation better than any other technology we looked at. But at the same time it can do in seconds both document and picture-to-selfie face comparison – all with unmatched performance and simplicity for customers. AU10TIX technology enables us to offer what is perhaps the strongest fraud prevention and identity verification service on the market today”.
“We look forward to working hand in hand with an appreciated player such as IdentityMind Global”, says Ron Atzmon, Managing Director of AU10TIX: “We are proud to see 2nd generation ID authentication and onboarding technology recognized yet again for being a league in itself. Choosing the path of deep authentication, simplicity of use and superior handling of sub-optimal image qualities has put us, and will help IdentityMind Global, offer best-of-breed fraud prevention side by side with compelling customer experience”.
“It is obvious by now that ID authentication and onboarding technology has come of age, and that people-technology service combinations are a thing of the past”, says Ofer Friedman, VP Marketing of AU10TIX: “IdentityMind Global have done good work in meticulously testing BOS against conventional solutions. That is the only way to brush sales pitches off and see the differences. We look forward to work with the IdentityMind Global team in making e-commerce safer and more efficient.”.
About IdentityMind Global
IdentityMind Global, Inc. provides an on-demand platform offering next generation risk management and anti-fraud services for the e-commerce ecosystem, including acquiring banks, payment processors and gateways, payment service providers (PSP/ISO/MSP,IPSP), and online merchants. It offers IDMRisk, a fraud prevention and risk management platform that recognizes ecommerce entities (users, affiliates, and merchants) and builds their payment reputation based on their behavior and risk profile; and IDMPay that provides payment processing solutions to merchants worldwide featuring Tier-1 PCI compliant gateway and PSP services, alternative payment solutions, customizable billing options, and multi-currency settlements. The company’s platform evaluates merchant account applications during the on-boarding and underwriting process; and monitors transactions, and applies heuristics and analytics for detecting suspicious activities associated with money laundering. IdentityMind Global, Inc. was formerly known as IdentityMind, Inc. The company was founded in 2009 and is based in Palo Alto, California. For more information, visit https://staging.identitymindglobal.com
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company’s products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient. For more information, visit http://www.au10tix.com
About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process.
For more information, visit http://www.icts-int.com
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.
David Andrews, Marketing
Tel.: +1 (650) 296 8451
Ofer Friedman, VP Marketing
Tel.: +357 (22) 007 698
ICTS International NV
Tel.: +31-20-716 3421