Business wire
Partnership Expected to Result in Mid-Seven Figure Annual Revenue
Premier Domestic Bank Expands Its Partnership with Intellicheck
Media and Public Relations: Sharon Schultz (302) 539-3747 / sschultz@intellicheck.com
Investor Relations: Gar Jackson (949) 873-2789 / gjackson@intellicheck.com
Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering proprietary on-demand digital and physical identity validation technology solutions, today announced the renewal and expansion of its partnership with a preeminent U.S. bank is expected to drive an approximate 15% annual revenue increase from this important customer.
Intellicheck CEO Bryan Lewis said the expansion of the collaboration is a testament to the distinct advantages Intellicheck’s proven technology solutions provide. “The extension of our partnership with this marquee customer highlights the value of our innovative identity verification solutions. We are proud to play a pivotal role in fostering customer trust, while enhancing revenue generating capabilities through a secure and efficient banking experience.”
The growth of the collaboration underscores the bank’s recognition of the effectiveness of Intellicheck’s technology solutions in providing good customers with the highest level of security and convenience in a seamless and secure banking experience while bringing revenue generating capabilities online faster, achieving greater productivity gains and accelerating customer acquisitions. This renowned financial institution is using Intellicheck’s innovative technology to facilitate customer onboarding, account name verification, and account modifications.
Headquartered in the Mid-Atlantic, the banking giant is one of the most widely recognized brands in banking. It specializes in credit cards, auto loans, banking and savings accounts. The top ten bank is one of the largest issuers of Visa and MasterCard credit cards and is one of the largest car finance companies in the U.S.
Intellicheck provides both digital and physical identity verification solutions to industries where speed and certainty is crucial. Intellicheck’s approach to proving identity is unique. It enables a frictionless customer experience that seamlessly fits into existing workflows using existing technology, scanning devices or Intellicheck’s mobile app. Intellicheck’s technology solutions provide an identity verification process that creates a competitive advantage for every business by facilitating rapid customer acquisition and on-going customer retention and trust at the point of service, while preventing unauthorized ID use and stopping identity-based fraud.
About Intellicheck
Intellicheck is the leader in fraud identity management, delivering on-demand digital and physical identity verification solutions for KYC, AML, fraud prevention, and age verification needs. Our solution enables you to bring revenue generating capabilities online faster, so you can achieve greater productivity gains and accelerate customer acquisition. With more than two decades of experience, our mission is to provide seamless, invisible customer experiences with 99% decision rates in under a second. Each year, we validate more than 100 million identities across North America. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube.
Safe Harbor Statement
Statements in this news release about Intellicheck’s future expectations, including: the advantages of our products, future demand for Intellicheck’s existing and future products, whether brand value and market awareness will grow, whether the Company can leverage existing partnerships or enter into new ones, and all other statements in this release, other than historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). These statements, which express management’s current views concerning future events, trends, contingencies or results, appear at various places in this release and use words like “anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,” “intend,” “plan,” “potential,” “predict,” “project,” “sense”, “strategy,” “target” and similar terms, and future or conditional tense verbs like “could,” “may,” “might,” “should,” “will” and “would” are forward-looking statements within the meaning of the PSLRA. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as: market acceptance of our products and the presently anticipated growth in the commercial adoption of our products and services; our ability to successfully transition pilot programs into formal commercial scale programs; continued adoption of our SaaS product offerings; changing levels of demand for our current and future products; our ability to reduce or maintain expenses while increasing sales; our ability to successfully expand the sales of our products and services into new areas including health care; customer results achieved using our products in both the short and long term; success of future research and development activities; and results of operations; our ability to successfully market and sell our products, any delays or difficulties in our supply chain coupled with the typically long sales and implementation cycle for our products; our ability to enforce our intellectual property rights; changes in laws and regulations applicable to the our products; our 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, together with other risks detailed from time to time in our reports filed with the SEC. We do not assume any obligation to update the forward-looking information.
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