Workflow
Biometric Identity Verification
icon
Search documents
ROC Launches ROC Access Face1, Expanding its Vision AI Capabilities in the Physical Access Control Market
Globenewswire· 2026-03-25 12:30
Company strengthens its biometric identity verification and real-time security intelligence with a dedicated hardware solution for access control, debuting ROC Access Face1 at ISC WestDENVER, CO, March 25, 2026 (GLOBE NEWSWIRE) -- Rank One Computing Corporation d/b/a ROC, (Nasdaq: ROC) (“ROC” or the “Company”), a U.S. leader in multimodal Vision AI, building sovereign biometric, video analytics, and mission intelligence solutions into a unified platform, announces the launch of ROC Access, a new vertical fo ...
authID to Report Fourth Quarter and Full Year 2025 Financial Results on March 31, 2026
Globenewswire· 2026-03-23 20:05
DENVER, March 23, 2026 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today announced the Company will report financial results for the fourth quarter and full year ended December 31, 2025, on Tuesday, March 31, 2026, after the market close. Following issuance of the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:00 p.m. ...
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
Core Viewpoint - authID has been selected to support the deployment of retail kiosks for age-restricted products in government-secured facilities, integrating its biometric identity authentication technology with the Berify.me platform to ensure compliance and secure user engagement [1][5]. Group 1: Company Overview - authID provides biometric identity authentication solutions, ensuring compliance with age-restricted product regulations while preventing unauthorized access [1][2]. - The company leverages a patented biometric identity platform that boasts a 1-in-1-billion False Positive Rate, enhancing user identity verification accuracy and speed [10]. Group 2: Technology and Implementation - The integration of authID's technology with the Berify.me platform automates identity and document verification, reducing human error and liability risks associated with age verification [3][4]. - The initial deployment phase includes kiosks in secured environments, with plans for expansion into over 5,000 locations in the health and wellness sectors, facilitating compliant distribution of regulated products [6][8]. Group 3: Market Context and Compliance - The regulated product market presents significant compliance challenges, making automated and auditable solutions essential for manufacturers and distributors to avoid penalties [2][7]. - The implementation of biometric identity verification in retail is expected to improve transaction efficiency and accuracy, with potential applications across various regulated industries [8].
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 Announces Closing of Approximately $3,675,000 Registered Direct Offering
Globenewswire· 2025-11-24 18:00
Core Points - authID Inc. has completed a registered direct offering, selling 2,688,747 shares and/or Pre-Funded Warrants at a price of $1.35 per share, resulting in gross proceeds of approximately $3,675,000 before expenses [1][2] Group 1: Offering Details - The offering was led by Mr. Kyle Wool and Mr. Steve Garchik, with Dominari Securities LLC and Madison Global Partners, LLC acting as Co-Placement Agents [2] - The closing of the offering occurred on November 24, 2025 [2] - The shares were offered under a shelf registration statement filed with the SEC, which was declared effective on December 13, 2024 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Group 3: Company Overview - authID Inc. specializes in biometric identity verification and authentication solutions, ensuring secure digital identity experiences for enterprises [5] - The company boasts a False Positive Rate of 1-in-1-billion, providing high assurance in identity verification [5] - authID's IDX platform secures the distributed workforce and enhances authorization and accountability for AI agents [5]
authID Announces Pricing of Approximately $3,675,000 Registered Direct Offering
Globenewswire· 2025-11-21 14:20
Core Points - authID Inc. has entered into a definitive agreement to sell approximately 2,688,747 shares of its common stock and/or Pre-Funded Warrants at a purchase price of $1.35 per share, with expected gross proceeds of approximately $3,675,000 before expenses [1][2] Group 1: Offering Details - The Registered Direct Offering is expected to close on or about November 24, 2025, subject to customary closing conditions [2] - Dominari Securities LLC and Madison Global Partners, LLC acted as Co-Placement Agents for the offering [2] - The offering is made pursuant to a shelf registration statement filed with the SEC, and a prospectus supplement will be available [3] Group 2: Company Overview - authID provides biometric identity verification and authentication solutions, ensuring enterprises can accurately verify user identities [5] - The company boasts a 1-in-1-billion False Positive Rate, enhancing security and user experience [5] - authID's IDX platform secures a distributed workforce and addresses fraud prevention, deepfake detection, and password risks [5]
authID to Report Third Quarter 2025 Financial Results on November 12, 2025
Globenewswire· 2025-10-29 21:40
Core Insights - authID will report its financial results for Q3 2025 on November 12, 2025, after market close [1] - A webcast will be hosted by the CEO and CFO at 5:00 p.m. ET to discuss the results and provide a corporate update [1] Company Overview - authID is a provider of biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" for customer and employee logins [4] - The company's IDX platform secures the workforce and provides accountability for AI agents, delivering biometric identity processing in 700ms with a false match rate of 1-to-1-billion [4] - authID emphasizes privacy protection and regulatory compliance by not storing any biometric data [4]
authID Selected by Leading Global Retailer to Launch Biometric-Powered Digital Identity Verification and Password Reset System
Globenewswire· 2025-10-21 12:00
Core Insights - authID has been selected by one of the largest retailers in Europe to implement its PrivacyKey biometric technology for identity verification and password reset systems, enhancing security and user experience [1][3] Company Strategy - The recent deployment aligns with authID's strategy to secure contracts with large enterprise customers, as discussed by CEO Rhon Daguro during the August 14, 2025 earnings call [2] - The integration of authID's technology with the retailer's existing IT infrastructure has led to strong adoption among users, demonstrating the effectiveness of the company's market positioning [3] Product Performance - Early operational results from the retailer indicate a significant reduction in failed password reset attempts, improved onboarding and verification rates, and decreased reliance on manual helpdesk interventions, which enhances user outcomes and reduces support costs [4] Partnerships and Future Innovations - authID is expanding its partnership with a large biometric hardware provider through an OEM arrangement for its Proof and PrivacyKey products, indicating ongoing growth and collaboration in the biometric identity verification space [5] - The company aims to integrate its IDX solution for securing AI efforts, enhancing the security and efficiency of its customer base in the long term [6] Company Overview - authID provides a patented biometric identity platform that ensures secure verification of users, preventing cybercriminal activities and ensuring regulatory compliance by not storing biometric data [7]
authID and MajorKey Technologies Forge Strategic Alliance to Deliver High-Assurance Identity Verification for Microsoft Entra Customers
Globenewswire· 2025-09-11 12:00
Core Insights - A strategic partnership between authID and MajorKey Technologies aims to enhance biometric identity verification within the Microsoft Entra Suite, addressing the rise of AI-driven fraud [1][2][3] Company Overview - authID is a provider of biometric identity verification solutions, offering a patented platform that ensures secure user identification without storing biometric data, achieving a false match rate of 1 in 1 billion [4] - MajorKey Technologies specializes in identity security, providing advisory and integration services for Microsoft Entra Suite, and has a strong partnership network including CyberArk and SailPoint [5] Industry Context - The partnership comes at a critical time as 17% of hiring managers have reported encountering candidates using deepfake technology in interviews, with projections indicating that by 2028, 25% of job candidate profiles could be fake [2] - The evolving threat landscape necessitates advanced identity verification solutions to combat fraudulent hiring processes and insider threats [3][4] Technology Features - authID's Proof technology offers biometric identity verification in 700 milliseconds, capable of detecting deepfake attempts in real-time, thus ensuring compliance and a seamless user experience [3][4]