Trailblazing TechnologySolutions Deter Fraud and Engage Customers
JERICHO, NEW YORK – May 24, 2017 – Intellicheck, Inc. (NYSE MKT:IDN), an industryleader in delivering real-time threat identification and identificationauthentication that provides the antivirusto the epidemic of counterfeit IDs, today announced that a leading domestic andinternational U.S. banking and financial services company signed a masterservices agreement to offer Intellicheck’s cutting-edge Retail ID product suiteto their retail clients. Retail ID, Retail ID Mobileand Retail ID Online deliver real-time IDauthentication and fraud prevention at brick-and-mortar retail stores and duringonline transactions. The Intellicheck product suite accelerates authentic newstore credit card and loyalty program applications and reduces losses caused bystolen merchandise returns.
Engagementwith this global financial company’s retail clients has already begun. Intellicheck’sSoftware as a Service (SaaS) product roll-out is complete with the firstretailer, a large, nationally recognized retail furniture chain, expected to yield$230,000 in revenues in the first year. Intellicheck anticipates potential significantgrowth as additional retailers, underwritten by this financial institution, deployIntellicheck’s advanced technology, high ROI solutions.
“We are pleased that this financialinstitution successfully completed an extensive audit of Intellicheck’s people,policies, procedures, data security and physical security. With consumer confidence rattled by ongoingincidents of identity theft and fraud, our state-of-the-art products are significantmarket differentiators that provide a safe, secure and regulatory-compliant competitiveadvantage for retailers, while addressing their increasing focus on risk management.Intellicheck’s Retail ID products provide ID authentication for transactionsecurity and deliver exceptional features for account look-ups andsimple, quick and accurate automatic population of credit card and loyaltyapplications. Simply stated, our products reduce fraud, expedite customertransactions and allow employees to focus on a more engaging customerexperience,” Intellicheck CEO Dr. William Roof said.
Designed for retailers byretailers, Intellicheck’s Retail ID product suite combines robust frauddeterrence with advanced features that reflect extensive input fromIntellicheck’s retail clients who include some of the nation’s most successful,highly recognized brands. These fast and easy-to-implement technologysolutions are making a proven, measurable difference for Fortune 100 andFortune 500 retail companies. Affordable and efficient,the technology solutions work on smartphones, tablets, PCs, point-of-salesystems and online, allowing for easy integration with our customers’e-commerce sites.
