Nicosia, Cyprus (PRWEB) March 21, 2014
Online ID document authentication has become multi-factor. New capabilities that will be shown at the London Fraud Conference on 8-9 April 2014 (http://www.fraudconference.co.uk/) define the new standard in online ID image authentication and processing. While standard online ID authentication solution focus primarily on logical checking of the data extracted from the ID image file, the new AU10TIX BOS capabilities enable also image tempering analysis and the utilization of file meta-data such as geo-location and software tracing.
AU10TIX has already begun implementing the 3-layer authentication standard which takes online ID image authentication to the max. The new AU10TIX standard will increase the level of confidence in online ID authentication. Automating ID image authentication has been considered a major bottle-neck and resource drainer for online financial services, banking, telcos, gaming, legal services and other online and mobile service providers. With 3-way ID image authentication online customer screening and onboarding can speed up and operating efficiency increased. These enable higher conversion success chances, higher traffic handling capacity, higher operating efficiency, and now also better fraud protection and KYC compliance than before.
“Online ID authentication and processing has leaped a significant step forward, narrowing the gap between physical Id authentication and ID image authentication”, says Ron Atzmon, Managing Director of AU10TIX: “Of course, analyzing original ID documents enables a wider range of capabilities than analyzing their pictures, but the range of capabilities available for ID image authentication processing has just gone up.”
“The main factor now determining the breadth and accuracy of automating I image authentication and processing is the quality of image submitted by customers”, says Ofer Friedman, VP Marketing of AU10TIX: “With reasonable ID image quality, online service providers can now super-charge their customer acquisition and handling. And as “side benefit”, this type of technology can give online service providers access to up to 20% of customers that have low- or no- digital footprint to check against. Boom, you now have an up to 20% larger customer base…”
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company's products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.
For more information, visit http://www.au10tix.com
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
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.
Ofer Friedman, VP Marketing
Tel.: +972-50-4 71 71 50
ICTS International NV
Tel.: + 972-974-47770