Intellicheck announced that a major national department store chain has completed rolling out Intellicheck’s Retail ID to its stores nationwide to prevent fraud and increase credit card and loyalty program enrollments.
Intellicheck, an industry leader in delivering real-time threat identification and identification authentication that provides the antivirus to the epidemic of counterfeit IDs, announced that a major national department store chain has completed rolling out Intellicheck’s Retail ID to its stores nationwide to prevent fraud and increase credit card and loyalty program enrollments. The renowned retailer began the nationwide rollout of Intellicheck’s Retail ID following an extremely detailed security audit of Intellicheck and upon completing successful pilots in several of their stores. Intellicheck expects the contract to generate approximately $850,000 in annual revenues.
Intellicheck CEO Dr. William Roof commented, "We are very pleased to welcome this iconic brand to our expanding circle of valued partners. The demanding audit and implementation process with this major retailer not only validates the measurable ROI our technology solutions provide, but our data security, engineering and overall company business processes as well. We are excited to welcome this great brand as they join a rapidly growing group of highly regarded retailers who recognize the incomparable benefits they and their customers realize from Retail ID. Retail ID provides clients with state-of-the-art, advanced fraud prevention capabilities and unique features that also offer a more engaging, satisfying customer experience. Like many of our clients, which include Fortune 100 and Fortune 500 companies, our new partner also recognizes the importance of these key advantages in delivering a new level of customer confidence, at a critical time, to counter the rapid growth of fraud and identity theft.”
Dr. Roof concluded,“This new agreement also marks our forward progress in successfully completing challenging security and cyber security inspections and audits. This rollout is the latest step in achieving the revenue generation we anticipated and discussed during our last shareholder call, and reflects our commitment to remain focused on delivering value for our shareholders. We said we would be converting pilots into contracts this year and that’s exactly what we are doing. This is another milepost highlighting the momentum we continue to build with the execution of our strategic plan for growth and profitability.”
The national department store chain is employing Retail ID for industry leading fraud prevention that provides real-time customer identification document authentication to address challenges associated with card not present transactions in addition to features that provide in-store account look ups and other fraud prevention initiatives. Retail ID reduces data entry errors and accelerates processes currently requiring manual data entry by customers and store personnel. Intellicheck’s patent-pending State Aware enhancement assures that store locations in every state will comply with state legal requirements governing the regulated use of personal information extracted from identification documents.