Category Archives: authenticID

Finovate Alumni News– February 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOn Budget wins 2014 Paybefore Award as “One to Watch.”
  • United Bank Limited picks VoiceTrust for voice biometrics.
  • InComm partners with Asia-based Money Online to launch POS-activated gift card mall solutions in Southeast Asia.
  • Rezzcard to integrate with InComm’s Cashtie to enable Rezzcard cardholders to pay their rent in cash at over 70,000 retail locations.
  • American Banker reports: Western Union to use NICE Customer Analytics. Come see its new tech at FinovateSpring.
  • Xero reaches 100,000 paying customers in Australia.
  • Check out an interview with BRIDGEi2i Director and Co-Founder, Ashish Sharma.
  • SecondMarket considering U.S.-based bitcoin exchange.
  • Live Gamer customers to get access to MasterCard’s MasterPass digital payment service.
  • authenticID enhances ID proofing technology to help combat cloned credit card fraud.
  • Green Dot wins top honors in four categories at 2014 Paybefore awards.
  • Global Banking & Finance Review takes a look at Kalixa Group’s American expansion.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

authenticID Enhances ID Proofing Technology to Help Combat Cloned Credit Card Fraud

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authenticID has announced new enhancements to its CatfishID identity proofing solution that make it even harder for fraudsters to use cloned credit cards.

CatfishID combines authenticID’s sizable library of government-issued identification cards with techniques to verify micro prints, read bar code and magnetic stripe data, and make front-to-back card data comparisons. This provides an additional layer of verification that makes once major source of credit card fraud – cloned cards – that much more difficult to pull off.

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This technology – automated forensic document authentication (AFDA) – is not new, according to the company. But what is innovative is the way authenticID is deploying the technology to the specific task of detecting fraudulent or counterfeit identification.
Blair Cohen, CEO of authenticID said, “We are the only technology company specializing in identity authentication offering a solution that eliminates the use of a cloned credit card.”
Learn more about CatfishID here.
Based in Atlanta, Georgia, authenticID was founded in 2012. The company demoed its PictureID technology as part of the FinovateFall 2013 show in New York.

AuthenticID’s PictureID Heralds the End of ID Fraud

Thumbnail image for authenticIDLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is authenticID, demoing their identity proofing solution, pictureID.
“authenticID’s identity authentication solution, pictureID annihilates ID fraud. It is the only system that’s invulnerable to fraud schemes. Our unique agreements allow pictureID to connect directly with document issuers in the U.S. and Canada. This allows companies to go directly to the source for identity authentication. 
Unlike current identity proofing providers – we don’t ‘guess.’ We provide absolute confirmation since document issuers records are unique to every citizen. There’s no way to trick pictureID – it returns a picture of the real consumer on file with the document issuer – with 100% accuracy.”
Product Launch: May 14, 2013
Metrics: Over $1M pledged; installed in nuclear facilities, either in or starting proof of concept with a major U.S. telecom, retailer, and a top 5 bank.
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms.
HQ: Atlanta, Georgia
Founded: January 2012
Twitter: @authenticID
Presenting Blair Cohen (CEO), Karl Perman (VP Business Development)

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The full demo video will be available at Finovate.com in mid-September.

FinovateFall 2013 Sneak Peek: Part 2

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This is part two of our FinovateFall Sneak Peek series. If you missed the first installment, you can catch it here:

Here are eight more of the 70 companies that will demo their new technology on September 10 and 11 in New York: authenticID, Fiserv, Float Money, Ignite Sales, Jumio, SavedPlus, Yseop, and Zenmonics.

Want to join us in New York in September? Get your FinovateFall 2013 ticket here. To learn more about FinovateFall, check out the FAQ.

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Authentic ID’s pictureID solution is 100% accurate and can’t be fooled by fraudsters since it returns a visual representation of the true owner of an identity.

Features:
    • 100% Accurate
    • Can’t be fooled by fraudsters
    • Transactions cost less than existing solutions
Why it’s great: pictureID is the only 100% accurate identity proofing solution on the market today and it is more intuitive for users. 

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Blair Cohen, CEO 
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Fiserv’s Popmoney Instant Payments extends the functionality of the Popmoney P2P service from Fiserv, making it indispensable when an immediate exchange of money is required.
Features:
    • Instant Payments delivers payments for a real-time world
    • Delivered through Mobiliti, Popmoney offers an unmatched transformational mobile experience
Why it’s great: Instant Payments from Popmoney combined with the transformational experience offered by Mobiliti from Fiserv, delivers on the compelling, consumer need for real-time payments.
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Jeffery W. Yabuki 
President and Chief Executive Officer
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FloatMoney is smarter credit for consumers
Features:
    • Interest-free line of credit
    • Planned Spending Program for budgeting
    • Financial Health Partners for financial literacy, payments and savings
Why it’s great: Float will replace credit cards
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Shane Hadden, CEO 
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Ignite Salesthe leader in retail banking customer acquisition and retention technology, will showcase Innovative Branch Profitability Dashboards, offering a breakthrough in branch performance measurement.
Features:
    • Determine profitable branches/products per branch
    • Quickly spot branch trends, customer insights, fee-generating opportunities
    • Understand gap analysis
Why it’s great: Never before have the tools for detailed branch measurement been so accessible to bank executives.
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Mitchell Orlowsky, CEO
LinkedIn

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Jumio’s Netverify supports real-time ID scanning and verification via a mobile application or website of passports and driver licenses to enable clients to meet know-your-customer requirements.
Features:
    • Increase conversion rates and revenue
    • Reduce risk & chargebacks
    • Create a ‘cool’ factor user experience
Why it’s great: Netverify allows businesses to authenticate customers’ identities using their computer’s web camera, IOS or Android smartphone cameras
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Michael Orlando heads up Jumio’s worldwide sales and business development efforts and brings over 20 years of high-growth company experience to this role. 

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SavedPlusLogo.jpgSavedPlus is an automatic savings tool that helps customers effortlessly reach financial goals.
Features:
    • Easy to set up, bank agnostic financial tool. 
    • It sets aside money as a percentage of every purchase.
    • Change the destination account with one click.
Why it’s great: Automatic savings made easy

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Nikita Brodskiy, Founder & CEO
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Yseop is artificial intelligence software which writes, just like a human being, but at a speed of thousands of pages per second, and in multiple languages.
Features:
    • Generate highly qualified leads 
    • Boost sales performance
    • Write financial reports automatically
Why it’s great: Yseop boosts your business performance by automating tasks such as lead generation, cross-selling, meeting preparation and financial report writing.

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John Rauscher, CEO & co-founder
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Zenmonics has created the Mobile Banker tablet for lean branches, advice centers, and relationship management.
Features:
    • Ability to deploy in front of existing systems
    • Reduce branch transaction costs
    • Increase Sales with live collateral, account opening, servicing
Why it’s great: The convenience and attractiveness of an Apple Store as your Bank. 
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Stay tuned next week for a sneak peek of more companies. Want to join us in New York in September? Get your ticket to FinovateFall 2013 here. To learn more about FinovateFall, check out the FAQ.