Identity Verification
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Transatlantic Age-Verification Laws Descend into Chaos; Trust Stamp Unveils Biometric ‘Binding’ in a niche market predicted to reach $5.12B in annual revenue by 2033
Globenewswire· 2025-09-29 13:45
Core Insights - Trust Stamp's biometric-binding technology addresses the failures of current age-verification laws, particularly in the UK and the impending crisis in the US due to similar legislation [1][2][3] Industry Overview - The UK's Online Safety Act has proven ineffective shortly after enforcement began, highlighting a compliance crisis for companies in the US facing similar regulations [2] - The age verification software market is projected to grow significantly, from $1.45 billion in 2024 to $5.12 billion by 2033, indicating a rising demand for effective solutions [3] Company Technology - Trust Stamp's TrustedAge™ technology offers a biometric key that ensures only the rightful user can access age-restricted content, addressing the flaws of traditional age verification methods [4][5] - The technology utilizes a live biometric capture for each session, making credentials non-transferable and enhancing compliance by closing loopholes that expose companies to fines [5][6] Research and Validation - Trust Stamp's novel approach, combining Zero Knowledge Proofs with Biometric Bound Credentials, has been recognized for its contributions and accepted for presentation at the IEEE-sponsored BIOSIG 2025 conference [5] - The technology was tested in Australia's Age Assurance Technology Trial, demonstrating its effectiveness in age verification with a Mean Predicted Age of 18.2 against a Mean Actual Age of 17.81 [5] Strategic Positioning - Trust Stamp positions itself as a solution provider amidst a compliance nightmare, with potential fines reaching up to $10,000 per incident for companies relying on outdated systems [5] - The company's approach enhances user trust and sets a new benchmark for security in digital identity systems by verifying users directly rather than relying on devices [6]
CLEAR Launches New Lanes at John Wayne Airport
Globenewswire· 2025-09-24 12:00
Core Insights - CLEAR has launched its identity verification technology at John Wayne Airport (SNA), marking its 60th airport in the CLEAR+ network, enhancing travel experiences for members [1][3] - The launch is expected to create 25 jobs and generate over $1.7 million annually in local economic impact, with CLEAR employing over 600 staff in California [2] - CLEAR serves more than 7.6 million CLEAR+ members at 60 airports and over 33 million members across its secure identity platform [3] Company Developments - The introduction of biometric eGates at select airports is part of CLEAR's strategy to expand its technology in preparation for the 2026 FIFA World Cup [4] - CLEAR is committed to improving security and traveler experience without taxpayer costs, focusing on modernizing airport checkpoints [5] - CLEAR+ membership costs a little more than $17 per month, with discounts available for certain groups, enhancing accessibility for travelers [6] Airport Information - John Wayne Airport (SNA) is ranked 1 in customer satisfaction among large airports and serves over 11.3 million passengers annually [7]
Nametag Introduces Verified Human Signatures for Agentic AI Actions, Expanded Okta Integration
Globenewswire· 2025-09-24 12:00
Core Insights - Nametag has introduced Nametag Signa™ to enhance AI security by ensuring that actions performed by AI agents are authorized by verified humans [1][3][6] Group 1: AI Security Challenges - As AI agents gain more autonomy, it is crucial for enterprise IT and security teams to identify who is behind AI actions, such as accessing confidential information or altering payment instructions [2][5] - A global survey by Okta in August 2025 revealed that while 91% of organizations use AI agents, only 10% have mature security strategies in place [5] Group 2: Nametag Signa™ Features - Nametag Signa introduces the Verified Human Signature, providing auditable proof that an AI action was approved by a verified individual through cryptographically-attested identity verification [3][4] - The solution integrates with Okta's Deepfake Defense™ identity verification engine to ensure that AI actions are linked to a verified human signature, creating a chain of trust [4][6] Group 3: Industry Implications - The introduction of Nametag Signa marks a significant advancement in AI security, allowing organizations to balance the efficiency of AI agents with the need to prevent breaches [7] - The collaboration between Nametag and Okta aims to facilitate the secure adoption of AI across enterprises, addressing critical governance needs in the evolving AI landscape [7][10]
CLEAR Opens at San Diego International Airport Terminal 1, Delivering a Faster, Predictable Travel Experience for More CLEAR+ Members
Globenewswire· 2025-09-23 12:00
Core Insights - CLEAR has opened CLEAR+ Lanes in Terminal 1 at San Diego International Airport (SAN), enhancing the travel experience for passengers [1][3] - The new service aims to provide a faster and smoother verification process for CLEAR+ Members, allowing them to bypass traditional security lines [2][4] - The expansion is expected to create 21 new jobs, increasing CLEAR's total employment at SAN to 63 and contributing over $4 million annually to the local economy [3] Company Overview - CLEAR's mission focuses on strengthening security while creating frictionless experiences for its members, with over 33 million members and a network of partners [6] - The company offers a monthly membership for approximately $17, with discounts available for certain groups, including airline members and military personnel [4] Service Expansion - CLEAR+ was first introduced at SAN in April 2022 at Terminal 2, and now operates in both terminals, allowing more travelers to benefit from reduced wait times [4] - The company has also launched CLEAR Concierge at SAN, providing premium services for CLEAR+ Members, including curbside assistance and guidance to the gate [5]
Intellicheck CEO Bryan Lewis to Present on Innovation in Identity Verification at ACAMS Las Vegas 2025
Businesswire· 2025-09-15 12:10
Group 1 - Intellicheck, Inc. is an industry-leading identity company specializing in on-demand digital and physical identification validation solutions [1] - CEO Bryan Lewis will present an Innovation Session at ACAMS Las Vegas 2025, the largest annual conference focused on anti-financial crime [1] - The conference will take place at the Aria Resort & Casino in Las Vegas, Nevada, from September 16 to 18, 2025 [1]
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]
CLEAR and Tampa General Hospital Announce Partnership to Strengthen Workforce Identity Security
Globenewswire· 2025-08-20 10:00
Core Insights - CLEAR and Tampa General Hospital (TGH) have partnered to integrate CLEAR1, a biometric identity verification platform, into TGH's identity access management system, enhancing operational efficiency and security against cyber threats [1][2][3] Company Overview - CLEAR is a secure identity company with over 33 million members, focused on creating frictionless experiences while ensuring privacy and security [7] - Tampa General Hospital is a 1,529-bed not-for-profit academic health system recognized for its high-quality care and innovative digital solutions [9][10] Partnership Details - The integration of CLEAR1 into TGH's PingOne DaVinci platform automates password resets, reducing the need for manual help desk intervention [1][4] - This partnership positions TGH as a leader in healthcare security, addressing threats like social engineering and credential theft [2][3] Operational Benefits - TGH has automated 80% of account recovery requests, significantly reducing IT intervention and freeing up help desk resources [8] - Help desk resolution time has improved by 99%, decreasing multi-factor authentication reset time from 4.5 days to just 20 minutes [8] - Account-related support calls have decreased by 22%, leading to measurable operational savings [8] Future Plans - TGH plans to expand the use of CLEAR's secure verification to patient-facing workflows through integration with Epic MyChart, further enhancing digital experiences [6]
CLEAR to Launch eGate Pilot Program at Select U.S. Airports Ahead of FIFA World Cup 2026
GlobeNewswire News Room· 2025-08-19 12:00
Core Insights - CLEAR has launched biometric eGates to modernize U.S. airports ahead of the FIFA World Cup 2026, aiming to enhance security and traveler experience without taxpayer costs [1][2][4] Company Initiatives - The automated eGates are part of a public-private partnership with the TSA, designed to expedite passenger processing and improve security measures [2][4] - CLEAR is investing in this technology to ensure airports are prepared for the expected influx of over 20 million international visitors during the World Cup [2][3] Implementation Details - The eGates will debut in August 2025 at Hartsfield-Jackson Atlanta International Airport, Ronald Reagan National Airport, and Seattle–Tacoma International Airport, with plans for nationwide expansion [3] - The eGates will perform real-time biometric verification, matching facial images with identity documents and boarding passes, while TSA retains operational control [4] Company Background - CLEAR's mission focuses on strengthening security and creating frictionless experiences, boasting over 33 million members and a growing network of partners [5]
CLEAR Expands CLEAR+ Enrollment to UK, Canadian, Australian & New Zealand Passport Holders
Globenewswire· 2025-08-15 10:13
Core Points - CLEAR has expanded its CLEAR+ service to include travelers from the UK, Canada, Australia, and New Zealand, enhancing the airport experience for international travelers [1][3] - The service allows travelers to enroll online or in person, providing immediate access to over 150 CLEAR lanes in U.S. airports, thereby reducing airport stress [2] - CLEAR has over 33 million members, with more than 7.6 million in the CLEAR+ network, and operates in 59 airports across the U.S., positioning itself as a trusted partner for travelers [3][5] Company Overview - CLEAR's mission focuses on strengthening security and creating frictionless experiences for its users, transforming how people travel and interact in various environments [5] - The company emphasizes privacy, ensuring that members control their own information and that biometric or sensitive personal data is not sold [5]
authID Reports Financial and Operating Results for the Second Quarter 2025; Delivers the Highest Revenue in the Company's History
Globenewswire· 2025-08-14 20:05
Core Insights - authID reported its highest quarterly revenue in the company's history for Q2 2025, achieving $1.4 million, a significant increase from $0.3 million in Q2 2024, indicating successful execution of growth strategies [3][5] - The company launched IDX, enhancing its market reach and total addressable market, alongside other product enhancements and a strong sales pipeline, positioning it for continued growth [3][7] Financial Performance - Total revenue for Q2 2025 was $1.4 million, compared to $0.3 million in Q2 2024, marking a 367% increase [5] - For the first half of 2025, total revenue reached $1.7 million, up from $0.4 million in the same period last year [5] - Operating expenses for Q2 2025 were $5.9 million, an increase from $3.6 million in Q2 2024, primarily due to increased headcount and investments in sales and R&D [6] - The net loss for Q2 2025 was $4.5 million, or $0.33 per share, compared to a loss of $3.3 million, or $0.34 per share in Q2 2024 [9][10] - Adjusted EBITDA loss for Q2 2025 was $3.4 million, compared to a loss of $2.5 million in Q2 2024 [11] Business Developments - The launch of IDX, in collaboration with NEC, significantly expands the company's total addressable market in the identity management sector [7] - A paid live production trial agreement was initiated with a Fortune Global 500 company in the UK, with expectations for a longer-term agreement upon completion [7] - The company signed an agreement with Prove, a major identity fraud platform, and is finalizing the launch with its first joint customer [7] - Enhanced PrivacyKeyTM was introduced with a one-to-many search capability, improving speed and accuracy for customers [7] Key Metrics - Remaining Performance Obligation (RPO) as of June 30, 2025, was $13.8 million, up from $4.2 million a year ago, indicating strong future revenue recognition potential [12] - Booked Annual Recurring Revenue (bARR) for Q2 2025 was $2.2 million, a significant increase from $0.6 million in Q2 2024 [13] - The net amount of bARR for the first half of 2025 was $1.8 million, compared to $0.73 million in the same period last year [14] - Annual Recurring Revenue (ARR) as of June 30, 2025, was $5.8 million, up from $1.1 million a year ago [15]