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authID Selected by Point of Sale Lender to Provide Fraud Prevention and Identity Assurance
Globenewswire· 2026-02-26 13:00
Core Insights - authID has been selected by a U.S. point-of-sale lending and payment financing platform to enhance its identity verification processes, addressing the rising threat of identity fraud in consumer retail financing [1][2] Industry Context - The selection of authID highlights the increasing demand for biometric identity assurance in the consumer finance sector as fintech platforms face challenges from organized fraud and account takeover attacks that traditional verification methods cannot effectively mitigate [2][4] - In 2024, total U.S. payments fraud losses reached $12.5 billion, with Buy Now Pay Later (BNPL) transactions accounting for 15% of all purchases, indicating a significant risk in this area [5] Company Solutions - To combat fraud, the lender will implement authID Proof™ for identity verification using government-issued IDs during onboarding and authID Verified™ for biometric authentication during account access and high-risk transactions [6] - The platform aims to detect and prevent duplicate and fraudulent applications at onboarding, secure accounts against takeover, and maintain a seamless experience for legitimate users [10] Competitive Advantage - authID's biometric identity verification offers a competitive edge in the commoditized point-of-sale lending market by replacing traditional risk scores and vulnerable authentication methods with deterministic biometric proof, enhancing fraud defenses and customer satisfaction [9] - The company's patented PrivacyKey™ architecture ensures compliance with privacy laws while providing an audit trail based on verified biometrics, further solidifying its market position [8][12] Market Potential - The deployment of authID's solutions is expected to address the high-growth, multi-billion dollar fintech market by verifying the identity of users with industry-leading biometric accuracy in under a second [8][11]
authID and Berify Selected for Retail Age Verification Platform Deployment Across Secured Government Facilities and Commercial Health & Fitness Locations
Globenewswire· 2026-02-19 13:00
authID’s biometric identity capabilities enable compliant retail transactions while preventing access by underage buyers DENVER, Feb. 19, 2026 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a provider of biometric identity authentication solutions, today announced it has been selected to support the initial deployment of retail kiosks distributing age-restricted products within government-secured facilities and controlled contractor environments in the United States. The technology will be integrated with the ...
authID Announces Out of the Box, Biometric Security Solution Aligned with PIV Security Framework for Energy and Other Critical Infrastructure
Globenewswire· 2026-02-12 13:00
Power grid and other critical utilities to benefit from authID’s biometric platform Denver,CO, Feb. 12, 2026 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), authID, a leader in biometric identity, today announced the availability of its biometric security solution aligned with the Personal Identity Verification (PIV) security framework for energy infrastructure companies and other utilities. authID’s industry-leading suite of biometric identity assurance solutions allows utility companies to secure US electrical ...
authID's PrivacyKey™ Delivers Powerful Performance, Delivering 472% Growth in Biometric Enrollments at One of the Largest Global Retailers
Globenewswire· 2026-02-05 13:00
Core Insights - authID has achieved significant operational success with a major retail customer, leading to an expanded rollout of its biometric identity platform, which has demonstrated exceptional performance metrics [1][3][11] Company Performance - The customer reported a 472% increase in user enrollment attaching biometrics to their accounts from Q3 to Q4 of 2025, achieving a 97% acceptance rate and over 97.9% of users completing biometric verification on the first attempt [4][11] - authID's solutions have resulted in a 112% growth in accounts from net new users, indicating strong demand and effective onboarding processes [3][11] Industry Context - The retail industry faces increasing threats from cyber attacks, including deepfakes and ransomware, with the average cost of a data breach in 2025 reaching $3.54 million [2] - Account takeover fraud is a growing concern, with consumer fraud costs reaching $15.6 billion in 2024, highlighting the need for robust identity verification solutions [10] Technological Advancements - authID's biometric identity platform is noted for its sub-second ability to detect spoofing attempts, ensuring that only live individuals are verified, which enhances security and user experience [8][9] - The PrivacyKey™ solution allows for the protection of user privacy by storing only cryptographic keys instead of sensitive data, aligning with regulatory compliance [8][12] Client Engagement - The collaboration between authID's Client Services team and the customer's IT organization has focused on measuring success factors and enhancing the deployment of biometric solutions [6][11] - The customer has observed measurable improvements in operational efficiency and user experience, validating the effectiveness of authID's platform [11]
authID and MajorKey Selected by Global Retailer to Deliver High-Assurance Identity Onboarding and Privileged Access Protection
Globenewswire· 2026-01-29 23:55
Core Insights - authID has secured a partnership with a global personal care retailer generating over $6 billion in annual sales to enhance workforce verification and combat AI-driven hiring fraud [1][6] - The increasing prevalence of AI-generated profiles and deepfakes poses significant risks to organizations, leading to a rise in insider threats and hiring fraud [2][3] - The combined solution from authID and MajorKey aims to provide high-assurance identity verification for employees and contractors, ensuring compliance with privacy regulations [6][8] Industry Context - U.S. businesses reportedly lose up to $600 billion annually due to resume fraud, with individual fraudulent hires costing tens of thousands [3] - The global digital authentication market is estimated to be around $20 billion and is expected to more than double by 2032, indicating a growing demand for secure identity verification solutions [9] Solution Overview - The authID and MajorKey solution integrates biometric identity verification and authentication to prevent impersonation attacks and fraudulent access attempts in real time [8][9] - The solution is designed for enterprise environments, ensuring seamless integration with existing platforms like CyberArk and Microsoft Entra [8][9] - It emphasizes user privacy by generating cryptographic keys from captured images without storing biometric data, thus complying with global data storage regulations [7][9] Implementation Details - The retailer will utilize MajorKey's IDProof+, powered by authID Proof™, for onboarding offshore and third-party contractors requiring elevated access rights [9][12] - The solution aims to enhance remote candidate verification, ensuring that individuals interviewing and onboarding remotely are the same authorized for hire [12]
Recent Market Activity Highlights Diverse Sector Growth
Financial Modeling Prep· 2026-01-16 00:00
Company Highlights - Ambitions Enterprise Management Co. L.L.C (NASDAQ:AHMA) saw its stock price rise to $28.03, marking an 80.88% increase, driven by strong performance in the MICE and tourism sectors [1][7] - authID Inc. (NASDAQ:AUID) experienced a stock price increase to $1.77, a 78.34% rise, reflecting the growing demand for secure, biometric identity verification solutions [2][7] - CALLAN JMB INC. (NASDAQ:CJMB) saw its stock price surge to $3.91, a 249.12% increase, as it shifts towards cold-chain infrastructure to support the $100 billion GLP-1 pharmaceutical market [3][7] - Moolec Science S.A. (NASDAQ:MLEC) experienced a 101.42% increase in its stock price to $7.11, indicating market interest in alternative protein sources and sustainable food technologies [4] - Springview Holdings Ltd (NASDAQ:SPHL) saw its stock price jump to $15.9, a staggering 606.67% increase, highlighting robust demand in the construction sector [5] Industry Trends - The movements in stock prices reflect diverse sectors experiencing growth, including technology, biotechnology, logistics, and construction, indicating broader economic trends and investor interests [6] - Strategic initiatives and partnerships by these companies demonstrate a proactive approach to capitalizing on market opportunities and addressing industry demands [6]
Crude Oil Falls Sharply; US Initial Jobless Claims Decline
Benzinga· 2026-01-15 17:09
Market Performance - U.S. stocks showed positive movement, with the Nasdaq Composite increasing by approximately 1% on Thursday. The Dow rose by 0.80% to 49,543.16, while the S&P 500 gained 0.74% to 6,977.92 [1] - Information technology shares experienced a gain of 1.5%, while health care stocks saw a decline of 1.5% on the same day [1] Job Market - Initial jobless claims in the U.S. decreased by 9,000 to 198,000 for the week ending January 10, which was better than market expectations of 215,000 [2][10] Commodity Prices - Oil prices fell by 4.7% to $59.08, while gold decreased by 0.4% to $4,618.80. Silver and copper also saw declines of 1.1% to $90.405 and 1.5% to $5.9660, respectively [5] European Market Overview - European shares displayed mixed results, with the eurozone's STOXX 600 rising by 0.39%, while Spain's IBEX 35 Index fell by 0.21%. London's FTSE 100 gained 0.56%, Germany's DAX rose slightly by 0.01%, and France's CAC 40 slipped by 0.23% [6] Asian Market Overview - Asian markets closed lower, with Japan's Nikkei down by 0.42%, Hong Kong's Hang Seng Index declining by 0.28%, and China's Shanghai Composite falling by 0.33% [7] Company News - Callan JMB Inc. shares surged by 208% to $3.45 following a strategic teaming agreement with Biostax Corp [9] - Springview Holdings Ltd saw a significant increase of 290% to $8.96 after announcing a partnership with Jiangsu GSO New Energy Technology Co. for solar solutions in Singapore [9] - authID Inc. shares rose by 99% to $1.98 due to an integration announcement with ServiceNow [9] - MetaVia Inc. shares dropped by 40% to $3.26 after pricing an $8.1 million public offering [9] - Caledonia Mining Corporation PLC shares fell by 19% to $26.39 after announcing a $125 million offering of convertible senior notes [9] - TryHard Holdings Limited shares decreased by 41% to $19.00 following a memorandum of cooperation with STAR PARTY HK LIMITED for a potential joint venture in Japan [9]
authID Announces Integration with ServiceNow to Deliver Secure, Frictionless Identity Verification & Authentication for Contact Centers
Globenewswire· 2026-01-15 13:00
Core Insights - The integration between authID and ServiceNow aims to enhance identity verification at contact centers, thereby protecting accounts and reducing fraud [1][2][5] - The collaboration secures over 8,400 ServiceNow-powered contact centers globally, including 85% of Fortune 500 companies [1] Group 1: Integration Features - authID's solutions, including ProofTM, VerifiedTM, and PrivacyKeyTM, integrate with ServiceNow to provide a secure and interactive user experience for both workforce and consumer use cases [3] - Contact center agents can utilize SMS or email notifications to verify user identities before making account changes or completing high-risk transactions [3][4] Group 2: Business Impact - The integration is designed to accelerate business transformation by ensuring that agents perform account updates on behalf of trusted users, thereby enhancing user experience [5] - As a Build Partner in the ServiceNow Partner Program, authID develops applications that enhance the capabilities of the ServiceNow AI Platform [5] Group 3: Company Overview - authID specializes in biometric identity authentication, ensuring enterprises can accurately verify user identities with a False Positive Rate of 1 in 1 billion [6] - The company's IDX platform secures a distributed workforce and provides a comprehensive solution to prevent fraud, account takeovers, and other security risks [6]
authID and TurboCheck Selected by Global Workforce Solutions Provider to Address the Surge of Employment Identity Fraud
Globenewswire· 2026-01-08 05:30
Core Insights - authID has secured a partnership with one of the world's largest workforce solutions providers to enhance hiring security against employment identity fraud, particularly from AI-generated impostors [1][2][3] - The partnership with TurboCheck aims to provide real-time verification of workers, addressing the urgent threat of hiring fraud, which is projected to affect one in four job candidates by 2028 [3][4] Company Overview - authID specializes in biometric identity verification and authentication solutions, ensuring organizations can verify identities effectively and securely [1][10] - The company’s technology includes features like deepfake-resistant biometric verification, global document verification, and geolocation corroboration to confirm candidate presence [8][10] Industry Context - The rise of AI-generated identities poses significant risks to employers, with fraudulent applicants potentially leading to substantial financial losses and reputational damage [3][4] - Major employers are increasingly adopting identity-verified interviews and trusted onboarding workflows to combat the threats posed by AI-generated resumes and identities [4][6] Partnership Details - The collaboration with TurboCheck will utilize authID's Proof™ and Verified™ technologies to validate candidates before interviews and ensure ongoing trust throughout the employee lifecycle [5][6] - This partnership is positioned to enhance the security of the hiring process, particularly as remote and hybrid work models become more prevalent [9][10] Market Implications - The partnership reflects a growing demand for trusted workforce identity verification across various sectors, including staffing, recruiting, and gig-economy platforms [9] - The financial liability from hiring fraud is significant, with organizations losing an average of 5% of their annual revenue to occupational fraud, often stemming from dishonest hires [3][4]
authID and TurboCheck Selected by Global Workforce Solutions Provider to Address the Surge of Employment Identity Fraud
Globenewswire· 2026-01-08 05:30
Core Insights - authID has secured a partnership with one of the world's largest workforce solutions providers to enhance hiring security against employment identity fraud, particularly from AI-generated impostors [1][2][3] Company Overview - authID is a leading provider of biometric identity verification and authentication solutions, focusing on protecting organizations from identity fraud in hiring and workforce operations [1][10] - TurboCheck, the technology partner, is recognized as the 1 job applicant fraud detection platform globally, addressing the rising threat of fraudulent applicants [11] Industry Context - Hiring fraud is increasingly recognized as a significant threat, with projections indicating that by 2028, one in four job candidates globally will be fake due to AI-generated identities [3] - Major employers are adopting identity-verified interviews and trusted onboarding workflows to combat the risks posed by AI-generated identities and deepfake technologies [4] Technological Solutions - The partnership will utilize TurboCheck's fraud detection tools, powered by authID Proof™ and authID Verified™, to validate candidates before interviews and ensure ongoing trust throughout the employee lifecycle [5][6] - The combined solution offers deepfake-resistant biometric verification, global document verification, geolocation, and identity corroboration to confirm candidate presence [8] Market Demand - The demand for trusted workforce identity verification is escalating across various sectors, including staffing, recruiting, and gig-economy platforms, as remote and hybrid work models become more prevalent [9]