Top Five U.S. Bank Contracts For Intellicheck’s Retail ID Product Suite
May 24 2017 - 8:13AM
Business Wire
Trailblazing Technology Solutions Deter Fraud
and Engage Customers
Intellicheck, Inc. (NYSE MKT:IDN), an industry leader in
delivering real-time threat identification and identification
authentication that provides the antivirus to the epidemic of
counterfeit IDs, today announced that a leading domestic and
international U.S. banking and financial services company signed a
master services agreement to offer Intellicheck’s cutting-edge
Retail ID product suite to their retail clients. Retail ID, Retail
ID Mobile and Retail ID Online deliver real-time ID authentication
and fraud prevention at brick-and-mortar retail stores and during
online transactions. The Intellicheck product suite accelerates
authentic new store credit card and loyalty program applications
and reduces losses caused by stolen merchandise returns.
Engagement with this global financial company’s retail clients
has already begun. Intellicheck’s Software as a Service (SaaS)
product roll-out is complete with the first retailer, a large,
nationally recognized retail furniture chain, expected to yield
$230,000 in revenues in the first year. Intellicheck anticipates
potential significant growth as additional retailers, underwritten
by this financial institution, deploy Intellicheck’s advanced
technology, high ROI solutions.
"We are pleased that this financial institution successfully
completed an extensive audit of Intellicheck’s people, policies,
procedures, data security and physical security. With consumer
confidence rattled by ongoing incidents of identity theft and
fraud, our state-of-the-art products are significant market
differentiators that provide a safe, secure and
regulatory-compliant competitive advantage for retailers, while
addressing their increasing focus on risk management.
Intellicheck’s Retail ID products provide ID authentication for
transaction security and deliver exceptional features for account
look-ups and simple, quick and accurate automatic population of
credit card and loyalty applications. Simply stated, our products
reduce fraud, expedite customer transactions and allow employees to
focus on a more engaging customer experience,” Intellicheck CEO Dr.
William Roof said.
Designed for retailers by retailers, Intellicheck’s Retail ID
product suite combines robust fraud deterrence with advanced
features that reflect extensive input from Intellicheck’s retail
clients who include some of the nation’s most successful, highly
recognized brands. These fast and easy-to-implement technology
solutions are making a proven, measurable difference for Fortune
100 and Fortune 500 retail companies. Affordable and efficient, the
technology solutions work on smartphones, tablets, PCs,
point-of-sale systems and online, allowing for easy integration
with our customers’ e-commerce sites.
About Intellicheck (NYSE MKT:IDN)
Intellicheck is the industry leader in technology solutions that
are the antivirus to the epidemic of counterfeit IDs providing
virtual instant threat identification and identification
credentials authentication. Our products read, authenticate and
extract components of a wide range of identity documents including
driver licenses, military identification cards and other government
forms of identification containing magnetic stripe, barcode and
smart chip information. Our technology solutions make it possible
for our clients 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, police departments, national defense
clients at agencies, major seaports, and military bases, and
diverse state and federal government agencies. For more information
on Intellicheck, please visit http://www.intellicheck.com/ and
follow Intellicheck on Twitter @IntellicheckIDN, on Instagram
@IntellicheckIDN, on LinkedIn
https://www.linkedin.com/company/intellicheck-inc, on Facebook
https://www.facebook.com/intellicheckidn/, on YouTube
https://www.youtube.com/user/ICMOBIL, and read Intellicheck’s
latest blog post at http://intellicheckidn.com/.
Safe Harbor Statement
Statements in this news release about Intellicheck’s future
expectations, including: the advantages of our products, future
demand for Intellicheck’s existing and future products, whether
revenue and other financial metrics will improve in future periods,
whether Intellicheck will be able to execute its turn-around plan
or whether successful execution of the plan will result in
increased revenues, whether sales of our products will continue at
historic levels or increase, whether brand value and market
awareness will grow, whether the Company can leverage existing
partnerships or enter into new ones, and all other statements in
this release, other than historical facts, are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 (“PSLRA”). These statements, which
express management’s current views concerning future events,
trends, contingencies or results, appear at various places in this
website and use words like “anticipate,” “assume,” “believe,”
“continue,” “estimate,” “expect,” “forecast,” “future,” “intend,”
“plan,” “potential,” “predict,” “project,” “strategy,” “target” and
similar terms, and future or conditional tense verbs like “could,”
“may,” “might,” “should,” “will” and “would are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 (“PSLRA”).” This statement is included for the
express purpose of availing Intellicheck, Inc. of the protections
of the safe harbor provisions of the PSLRA. It is important to note
that actual results and ultimate corporate actions could differ
materially from those in such forward-looking statements based on
such factors as market acceptance of Intellicheck’s products and
the presently anticipated growth in the commercial adoption of the
Company’s products and services, changing levels of demand for
Intellicheck’s current and future products, Intellicheck’s ability
to reduce or maintain expenses while increasing sales, customer
results achieved using our products in both the short and long
term, success of future research and development activities,
Intellicheck’s ability to successfully manufacture, market and sell
its products, Intellicheck’s ability to manufacture its products in
sufficient quantities to meet demand within required delivery time
periods while meeting its quality control standards, any delays or
difficulties in the Company’s supply chain, the success of the
Company’s sales and marketing efforts coupled with the typically
long sales and implementation cycle for its products,
Intellicheck’s ability to enforce its intellectual property rights,
changes in laws and regulations applicable to the Company’s
products, the Company’s continued ability to access
government-provided data, the risks inherent in doing business with
the government including audits and contract cancellations,
liability resulting from any security breaches or product failure,
and other risks detailed from time to time in Intellicheck’s
reports filed with the SEC. We do not assume any obligation to
update the forward-looking information.
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version on businesswire.com: http://www.businesswire.com/news/home/20170524005038/en/
Intellicheck , Inc.Media and Public Relations:Sharon Schultz,
301-351-0109
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