{"id":534308,"date":"2021-09-03T08:16:00","date_gmt":"2021-09-03T12:16:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/top-five-u-s-bank-accelerates-hardware-order-to-fast-track-deployment-of-intellichecks-in-branch-identity-verification-platform\/"},"modified":"2021-09-03T08:16:00","modified_gmt":"2021-09-03T12:16:00","slug":"top-five-u-s-bank-accelerates-hardware-order-to-fast-track-deployment-of-intellichecks-in-branch-identity-verification-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/top-five-u-s-bank-accelerates-hardware-order-to-fast-track-deployment-of-intellichecks-in-branch-identity-verification-platform\/","title":{"rendered":"Top Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform"},"content":{"rendered":"

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Top Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform<\/b><\/p>\n

Expanded Use Case Verifying IDs and Passports Averts Identity Theft and Fraud<\/i><\/p>\n

MELVILLE, N.Y.–(BUSINESS WIRE<\/a>)–
\nA top five U.S. bank has accelerated its purchase of hardware through Intellicheck<\/a>, Inc. (Nasdaq: IDN) to advance the newest deployment of Intellicheck\u2019s identity verification platform at bank branches nationwide. The third quarter delivery of the previously announced $1.3 million hardware sale, now positions the bank to use Intellicheck\u2019s passport authentication capabilities in addition to its driver license authentication solutions.\n<\/p>\n

\nThis hardware order that was originally anticipated to be split between the third and fourth quarters accelerates the ability for this prominent globally recognized bank to provide clients with unprecedented confidence in the security of in-branch financial transactions.\n<\/p>\n

\nIntellicheck CEO Bryan Lewis said, \u201cBy accelerating the delivery of this hardware order the bank is now in the position to arm their tellers to stop fraud quickly and effectively for in-branch transactions. We believe that the critical first step for our customers whose clients are executing a transaction is answering the most vital question with certainty. Is the person doing the transaction the real person or are they using falsified documentation? Failing to answer that question with certainty based on identity validation opens the door to validating an imposter. Our verification process is 99% accurate and we believe that we do it like no one else and that\u2019s why even law enforcement agencies across the country have deployed our innovative technology solution.\u201d\n<\/p>\n

\nAlthough hardware isn\u2019t a core component of Intellicheck\u2019s business, from time to time the Company will sell hardware in conjunction with an implementation that does not use existing equipment. Hardware sales carry significantly lower gross margins, in this case approximately 20%, versus our most recently reported SaaS gross margin of 93.3%.\n<\/p>\n

\nWith headquarters in New York and business in more than 160 countries and jurisdictions, this top 5 bank is already using Intellicheck\u2019s leading identity verification technology with retail clients including the largest North American electronics retailer for credit card applications and account look-ups.\n<\/p>\n

About Intellicheck<\/b><\/p>\n

\nIntellicheck (Nasdaq: IDN) is a trusted industry leader in technology solutions that stop identity theft and fraud with rapid, accurate identity verification. We make it possible for our clients to increase revenues, improve customer service, and increase operational efficiencies. The company is focused on partnering with banks, credit card issuers and retailers as well as law enforcement agencies, national defense clients and diverse state and federal government agencies. For more information on Intellicheck, visit us on the web<\/a> and follow us on LinkedIn<\/a>, Twitter<\/a>, Facebook<\/a> and YouTube<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210903005033\/en\/<\/a><\/span><\/p>\n

\nMedia and Public Relations:Sharon Schultz (302) 539-3747
\n
Investor Relations: Gar Jackson (949) 873-2789\n<\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Mobile\/Wireless Technology Finance Security Banking Other Technology Professional Services Software Hardware Other Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Top Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform Expanded Use Case Verifying IDs and Passports Averts Identity Theft and Fraud MELVILLE, N.Y.–(BUSINESS WIRE)– A top five U.S. bank has accelerated its purchase of hardware through Intellicheck, Inc. (Nasdaq: IDN) to advance the newest deployment of Intellicheck\u2019s identity verification platform at bank branches nationwide. The third quarter delivery of the previously announced $1.3 million hardware sale, now positions the bank to use Intellicheck\u2019s passport authentication capabilities in addition to its driver license authentication solutions. This hardware order that was originally anticipated to be split between the third and fourth quarters accelerates the ability for this prominent globally recognized bank to provide clients with … <\/p>\n

Continue reading “Top Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534308","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTop Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/top-five-u-s-bank-accelerates-hardware-order-to-fast-track-deployment-of-intellichecks-in-branch-identity-verification-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Top Five U.S. Bank Accelerates Hardware Order to Fast-Track Deployment of Intellicheck\u2019s In-Branch Identity Verification Platform Expanded Use Case Verifying IDs and Passports Averts Identity Theft and Fraud MELVILLE, N.Y.–(BUSINESS WIRE)– A top five U.S. bank has accelerated its purchase of hardware through Intellicheck, Inc. (Nasdaq: IDN) to advance the newest deployment of Intellicheck\u2019s identity verification platform at bank branches nationwide. The third quarter delivery of the previously announced $1.3 million hardware sale, now positions the bank to use Intellicheck\u2019s passport authentication capabilities in addition to its driver license authentication solutions. 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