PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

INTELLICHECK ANNOUNCES THE RELEASE OF RETAIL ID MOBILE

PaymentsJournal by PaymentsJournal
May 11, 2016
in Press Releases
0
Latest News

Latest News

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

New Product Go-Live Begins in Upscale Department Store Chains This Month

JERICHO, NEW YORK –May 11, 2016–Intellicheck Mobilisa, Inc. (NYSE MKT:IDN), a leader in threat identification, identity authentication, verification and validation technology solutions, today announced a new technology solution specifically designed for mobile threat identification and fraud prevention in the retail market. Retail ID Mobile™ provides retailers with a mobile platform capability to prevent a variety of fraudulent retail transactions, while delivering a warmer, more personal customer experience that eliminates the need to integrate with the retailer’s point-of-sale system.

Retail ID Mobile installation is set to begin in two prestigious department store chains this month. Once fully installed at their locations, Retail ID Mobile has the potential to provide annual software licensing revenues of $450,000 from the two prominent department store chains. According to Intellicheck’s CEO, Dr. William Roof, the new product builds on the successes of Retail ID™, the industry standard for threat identification pertaining to fraud in the retail market. “We have been working closely with our clients to define and develop new approaches to fraud prevention that also support a warmer, more personal customer experience. Many retailers have begun deploying their retail IT systems on mobile devices, such as tablets and smartphones. We identified a clear path to supporting their new mobility requirements, while, at the same time, supporting our clients’ desire to avoid the cost and time associated with retail point-of-sale systems integration. Our close collaboration with our clients resulted in this new product. We expect growing adoption of Retail ID Mobile because unlike other available products it provides instant and accurate identification authentication and enhances the customer experience, while avoiding the fiscal and temporal costs of point-of-sale system integration,” said Dr. Roof.

Typically, point-of-sale integration initiatives are often resource intensive. They can lengthen the product installation schedule and move revenue recognition out as much as nine months or more. Dr. Roof said the Company recognized it could provide a better product than those currently available, while at the same time advancing revenue opportunities. “We seized on the opportunity to deliver another industry-leading technology solution that would also move revenue recognition in much closer, compress our sales cycle and expand our opportunities significantly, by eliminating the need to integrate with the point-of-sale system. To do this, we focused our Q1 2016 R&D on product development that would generate revenues more quickly and eliminate barriers for retailers and their customers,”
Dr. Roof explained.

Intellicheck holds 25 patents, with nine patents pending, pertaining to threat identification and identification technology. The Company’s real-time identity authentication and validation solutions support customers in the retail, hospitality, national defense, law enforcement, and financial markets. Intellicheck’s products scan, authenticate and analyze components of identity documents including driver licenses, military identification cards and other government forms of identification containing magnetic stripe, barcode and smart chip information. Once extracted from the identity card, the information can be used to provide safety, security and efficiencies throughout these markets.

About Intellicheck Mobilisa
Intellicheck Mobilisa is an industry leader in threat identification, identity authentication, verification, and validation systems. Our technology makes it possible for our customers to enhance the safety and awareness of their facilities and people, 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, national defense clients at agencies, major seaports, and military bases, police departments, and diverse state and federal government agencies. For more information on Intellicheck, please visit www.intellicheck.com.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix