Acuant Announces Best-In-Class Data Capture and Multi-Factor Verification Solutions Addressing Rising Identity Fraud in the Digital Economy

SOURCE: Acuant

Los Angeles, CA, February 28, 2017 –  Acuant, a leading provider of data capture and identity verification software globally, announces significant enhancements to new and core technologies building upon the acquisition of AssureTec in May 2016. New products include mobile and desktop Acuant FRMTM facial recognition and match technology and DocXTM – a real time manual review of identity documents by accredited professionals.

Acuant’s core idScan® technology provides the fastest and most accurate capture software to streamline workflows by securely extracting data from government issued ID’s including but not limited to passports, driver’s licenses, visas and military IDs. With no image or data being stored, there is no concern about storing personal information on a device, allowing companies to securely manage data accordingly.

Processing more than 3 million transactions monthly, Acuant’s idScan offers a hassle-free experience allowing scanning of ID’s from any device without the need to hold cards in a certain position, light or angle. With fully automated cropping and a new auto-select size detection feature, time is saved and user errors prevented. Auto-focus and correction coupled with the highest image quality and accuracy in the industry make idScan the premier choice in intelligent data capture for desktop scanning, mobile, and cloud services- with updates to the cloud improving speed by 25%.

Incorporating idScan’s user-friendly technology, Acuant is at the forefront of identity proofing solutions that build trust between businesses and customers and built to conform to regulatory requirements (such as Know Your Customer KYC and Personally Identifiable Information PII).

“We are past the days when two factor authentication, such as entering a password and answering a knowledge based question, is sufficient. Businesses and consumers globally want more protection, but the friction involved with instituting more steps is also a concern,” states Acuant CEO Yossi Zekri. “Technology solutions must offer robust protection against the rise of sophisticated and prevalent identity fraud- however they must also be solutions that are easily adopted and even familiar, such as taking selfies for facial recognition.”

AssureID™, Acuant’s core ID authentication and identity verification product, provides various levels of verification beginning with identifying fake ID’s in a matter of seconds utilizing the industry’s largest ID document library. The addition of Acuant FRM- facial recognition and match technology – addresses not only the need for stronger biometric based security offerings, but also the fact that many workflows are increasingly mobile or web based and even sharing economy focused.

Acuant FRM is as easy as taking a selfie and comparing it to extracted biometric data contained in the government issued ID.  Results are given in seconds reducing fraud by matching the face biometrics of a selfie to the face image on the ID and authenticating they match. In addition, Acuant FRM provides liveness detection to prevent fraudsters from using static images. This ensures that not only does the face match, but there is indeed a live person in front of the camera.

Acuant’s facial recognition works with any mobile device and OS and allows for the option of using a local camera for desktop environments. AssureID’s additional security features include geo-location services so you know where the person is scanning an ID from to flag suspicious behavior, and the ability to check against established (or custom) watch lists such as Interpol and OFAC.

Further strengthening verification offerings, Acuant now offers a manual review product DocX. DocX mitigates fraud by employing a manual review of the document in question by a verified credential expert in real time to avoid customer inconvenience and transaction delays. The expert will evaluate anomalies that automated document authentication and facial review processes identify, including the review of damaged identity documents and poor image quality when applicable.

About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com.