MELVILLE, NY – June 23, 2020 – A top financial institution has signed an agreement with Intellicheck to protect its customers and its bottom line using one of Intellicheck, Inc.’s (Nasdaq: IDN) advanced fraud fighting authentication tools. The prominent banking institution will be assuring that individuals and organizations are who they say they are for new account openings, account look ups, check transactions and in the issuance of fundamental financial products such as money orders and cashiers’ checks. Tellers will be using tablets equipped with Intellicheck’s proven mobile authentication technology for real-time ID authentication, accelerating financial transactions and AML/KYC compliance.
Intellicheck CEO Bryan Lewis said dynamic fraud prevention is vital to customer confidence and security. “The fraud fighting power of Intellicheck gives financial institutions a competitive advantage. It delivers maximum economic value as it strengthens the trust equation between the customer and the financial services institution. Economic challenges and record-setting incidents of fraud are ongoing. Providing a superior customer experience, while protecting both the customer and the bottom line isn’t a nice-to-have, it’s a must.”
The Midwest-based financial institution has nearly 1,200 branches in 26 states with an associated business presence in 39 states.
Intellicheck’s real-time technology solutions allow financial institutions and businesses to respond to financial services requests quickly and seamlessly, while deterring losses associated with fraud. Rapidly and easily implemented, the affordable technology solutions provide a superior level of transaction and account fraud protection that is proven more than 99% effective.