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WirelessDevNet.com Press Release
Intellicheck Mobilisa Announces ID Risk CheckSM Distribution Agreement
Intellicheck Mobilisa, Inc. (NYSE Amex: IDN) today announced a distribution and partnership agreement with a leading financial services corporation for Intellicheck Mobilisa’s latest product, ID Risk CheckSM. This latest partnership agreement permits ID Risk Check to be incorporated into over 14,000 retailers’ point of sale systems. ID Risk Check was developed specifically to meet the needs of fraud and loss prevention in retail applications.
Under the terms of the agreement, Intellicheck Mobilisa’s patented ID-Check driver license scanning technology is incorporated and distributed as an integral component of ID Risk Check. The product will be available to all divisions of the financial services corporation for use and sale in their numerous financial risk management applications.
“Identity theft, credit card and check-cashing fraud are on the increase, and recent studies have shown that identity theft alone is up 11% over 2009,” stated Steve Williams, CEO of Intellicheck Mobilisa. “We have already implemented ID Risk Check at two Tier 1 retail companies, with much success. With the increases in identity theft and fraud, retailers are paying particular attention to emerging technologies aimed at strengthening fraud prevention. We are on the cusp of this new frontier, and ID Risk Check is aimed directly at combating these latest forms of fraud and identity theft.”
Intellicheck Mobilisa will also become a licensed distributor and integrator for the product line of fraud/risk management and Velocity application tools. This extended product offering will be offered to all existing customers as well as provide a broader product offering to attract new business.
“As we move the company to this new transactional model, products like ID Risk Check will show a strong return on investment,” continued Mr. Williams. “By bundling our software with our partner’s products, we are able to offer our solutions to a wider customer audience, improving our bottom line while providing our partners increased benefits to meet their customer needs.”
Through this partnership, Intellicheck Mobilisa will offer payment processing and fraud/risk management technology to businesses, which will consist of ID validation services, ID authentication services, risk and Velocity controls as well as other proprietary analytical models that can assist with fraud detection.
About Intellicheck Mobilisa
Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial sectors. Products include the Defense ID system, an advanced ID card access control product currently protecting over 80 military and federal locations, and ID-Check, patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions for the financial, hospitality and retail sectors.
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