Intellicheck Enhances Sales Force with Citibank Fraud and Risk Expert
December 14 2017 - 8:11AM
Business Wire
Intellicheck (NYSE AMERICAN: IDN) today announced the hiring of
Andrew Cherry as Business Development Manager, Financial Services
to advance the Company's plan for profitable growth in the
financial services market. Cherry will focus on enhancing the
adoption of Retail ID™ by financial institutions across the U.S.
and in Canada.
Cherry has more than a decade of experience in fraud and risk
prevention, including his experience in card risk strategies,
corporate cards and consumer lending. Most recently, Cherry was
Vice President, Program Manager North America Fraud for Citibank.
Prior to Citibank, Cherry worked with a number of other top
financial institutions including Bank of America, TD Bank, and
Chase.
“In the last 12 months, I have vetted technology solutions from
over a dozen companies in the fraud prevention space and
Intellicheck’s efficacy in identifying fraudulent documents was far
superior to anything else on the market. I truly believe this
product is best in class and I want to be part of its success. I
believe there will be tremendous demand and significant growth
opportunities for Intellicheck as more financial institutions
become aware of this innovative technology solution,” said
Cherry.
"We expect Andrew to be an important member of our team as he
builds on our successes to further the adoption of Retail ID in the
financial services space. We believe he will make a significant
contribution to the company’s success in achieving prolonged growth
and profitability,” commented Intellicheck Interim CEO Bill
White.
Retail banks and credit card issuers are facing significant
issues as surging incidents of fraud and data breaches continue to
erode consumer confidence and revenues. Retail ID delivers advanced
fraud protection deterring fraudulent account openings and
unauthorized access to existing accounts, while meeting
‘Know-Your-Customer’ requirements and eliminating cumbersome and
time-consuming processes. Retail ID quickly and reliably reads,
analyzes and processes the encoded information on driver licenses
and other government issued IDs drawing on Intellicheck’s
constantly updated, cloud-based proprietary database to deliver
near instant authentication. With an accuracy rate of 99.9%, the
state-of-the-art technology solution catches even the most
sophisticated fake IDs being proliferated in the United States from
China and Russia. Cost effective, easy-to-use and install, Retail
ID keeps budgets in check and virtually eliminates demands on IT
departments. The state-of-the-art technology solution can be
integrated at the point-of-sale and on mobile devices including
smart phones and tablets.
About Intellicheck NYSE American: IDN
Intellicheck is the industry leader in technology solutions that
are the antivirus to the epidemic of counterfeit IDs providing
real-time threat identification and identification authentication.
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. The Company holds 25 patents including many
patents pertaining to identification technology. For more
information on Intellicheck, visit http://www.intellicheck.com/ and
follow Intellicheck on Twitter @IntellicheckIDN, on Instagram
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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 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/20171214005012/en/
IntellicheckMedia and Public Relations:Sharon Schultz,
302-539-3747orInvestor Relations:Gar Jackson, 949-873-2789
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