BOS enables online financial service providers to reduce problematic dependence on manual processing, speeding-up customer processing, increasing traffic handling capacity, saving operating costs, boosting CRM data quality and empowering KYC compliance.
(PRWEB) August 20, 2012
ICTS International N.V. (ICTSF. OB). Amstelveen, Netherlands – August, 2012 – ICTS International, N.V. through its wholly owned subsidiary AU10TIX Limited announced the launch of BOS (Back Office Solution) – a pioneering solution that enables online service providers, especially in regulated markets, to automate a significant part of the processing and authentication of ID images submitted online by customers.
AU10TIX BOS is a pioneering system designed to meet the needs of online service providers in markets where regulations mandate the authentication and obtaining of customer data from digital photos or scans of ID document. Such images can be produced using common digital imagining devices such as smart-phone cameras, digital cameras, home or office scanners, webcams, etc. In the online services market, these images are produced by customers, who email, send or upload them via online applications or websites.
AU10TIX BOS is designed to meet a new set of challenges. These include the handling of a document image and not the original document, processing a VIS-only document image taken at borderline quality and lighting conditions, and sort-out irrelevant input noise. To meet these challenges, AU10TIX BOS is equipped with new input screening filters, new “image optimization” algorithms, and new policy engines.
“This is a real breakthrough”, says Ron Atzmon, AU10TIX’s managing director: “Until now online service providers had to do it all manually. This means slow reaction time, high overhead, data errors and missed fraud attempts. Time and effort are spent on images that can be automatically processed. They are also often spent on wrong page images, wrong document images, or illegible images. Now, back-office can focus only on cases where human intervention is necessary. The rest can be processed with the help of automation. This is a game changer in terms of competitiveness and operating efficiency. It’s about customer activation speed, service experience, CRM quality and straightforward cost-saving”.
AU10TIX BOS is already deployed and field-tested by online service providers from various industries.
About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process. For more information, visit http://www.icts-int.com
AU10TIX Limited is a fully owned subsidiary of ICTS International B.V (symbol ICTSF). AU10TIX is a key player in the Secure Content Management (SCM) market. AU10TIX offers the world’s best authentication and digitization products for identifying documents, including: Passports, identity cards, driving licenses and other complementary ID documents. The company's applications are designed for sensitive environments such as airports and highly secured facilities as well as business focused applications, identity fraud prevention applications and applications used for the automatic retrieval and management of primary & supplementary identity documents (Paperless Enrollment). The company's technologies and products are currently used in Europe, Asia and America in different industries, including: aviation and security, banks, financial and other enterprises. AU10TIX is promoting its services, globally, through its partners including 3M, Experian, Elbit-systems and other global leaders in various industries. For more information, visit http://www.au10tix.com.
ICTS International NV
Alon Raich + 00-972-974-47770
mail (at) ictsinternational (dot) com
Ofer Friedman, Head of Marketing
Email: ofer.friedman (at) au10tix (dot) com
Tel.: +972-50-4 71 71 50
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.