Prominent U.S. Department Store Chain Completes Nationwide Rollout of Intellicheck’s Retail ID
July 11 2017 - 8:13AM
Business Wire
Leading Technology Solution Enhances Customer
Engagement and Fraud Prevention
Intellicheck Mobilisa, 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 major national department
store chain has completed rolling out Intellicheck’s Retail ID™ to
its stores nationwide to prevent fraud and increase credit card and
loyalty program enrollments. The renowned retailer began the
nationwide rollout of Intellicheck’s Retail ID following an
extremely detailed security audit of Intellicheck and upon
completing successful pilots in several of their stores.
Intellicheck expects the contract to generate approximately
$850,000 in annual revenues.
Intellicheck CEO Dr. William Roof commented, "We are very
pleased to welcome this iconic brand to our expanding circle of
valued partners. The demanding audit and implementation process
with this major retailer not only validates the measurable ROI our
technology solutions provide, but our data security, engineering
and overall company business processes as well. We are excited to
welcome this great brand as they join a rapidly growing group of
highly regarded retailers who recognize the incomparable benefits
they and their customers realize from Retail ID. Retail ID provides
clients with state-of-the-art, advanced fraud prevention
capabilities and unique features that also offer a more engaging,
satisfying customer experience. Like many of our clients, which
include Fortune 100 and Fortune 500 companies, our new partner also
recognizes the importance of these key advantages in delivering a
new level of customer confidence, at a critical time, to counter
the rapid growth of fraud and identity theft.”
Dr. Roof concluded, “This new agreement also marks our forward
progress in successfully completing challenging security and cyber
security inspections and audits. This rollout is the latest step in
achieving the revenue generation we anticipated and discussed
during our last shareholder call, and reflects our commitment to
remain focused on delivering value for our shareholders. We said we
would be converting pilots into contracts this year and that’s
exactly what we are doing. This is another milepost highlighting
the momentum we continue to build with the execution of our
strategic plan for growth and profitability.”
The national department store chain is employing Retail ID for
industry leading fraud prevention that provides real-time customer
identification document authentication to address challenges
associated with card not present transactions in addition to
features that provide in-store account look ups and other fraud
prevention initiatives. Retail ID reduces data entry errors and
accelerates processes currently requiring manual data entry by
customers and store personnel. Intellicheck’s patent-pending State
Aware enhancement assures that store locations in every state will
comply with state legal requirements governing the regulated use of
personal information extracted from identification documents.
Retail ID is a potent fraud prevention deterrent with advanced
features designed in close partnership with Intellicheck’s clients,
including some of retail’s foremost brands. Their input can be seen
in the simple, fast and easily used features that effortlessly
guide a client through the ID authentication process. With nearly
instant authentication, the retailer can confidently proceed with
the transaction. If the driver license is flagged as counterfeit,
the transaction is terminated.
About Intellicheck NYSE MKT: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
@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/.
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increased revenues, whether sales of our products will continue at
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actions could differ materially from those in such forward-looking
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Intellicheck’s products and the presently anticipated growth in the
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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/20170711005250/en/
Intellicheck Mobilisa, Inc.Media and Public Relations:Sharon
Schultz, 302-539-3747orInvestor Relations:Gar Jackson,
949-873-2789
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