Identity solution scales at more than 5X while delivering exceptional performance at 97% acceptance rate DENVER, Feb. 05, 2026 (GLOBE NEWSWIRE) -- (Nasdaq: AUID) etc. authID, a leading provider of biometric identity solutions, today announced that a major customer, one of the largest worldwide retailers, is preparing for an expanded rollout of authID’s identity platform after reporting strong operational results. Global retailers face strong threats from deepfakes, AI hack attempts and advanced ransomware, ...

Core Insights - authID's PrivacyKey™ has been awarded Best Digital Trust Solution for ID Verification & Authentication at the 2025 PayTech Awards, highlighting its innovation in the fintech industry [1] Product Features - PrivacyKey delivers sub-second, deterministic biometric authentication with a privacy-first approach, ensuring user identity verification while safeguarding sensitive data and meeting global compliance standards [2] - The product combines liveness detection, advanced biometric matching, and a patented architecture to enhance security throughout the digital transaction lifecycle, providing a seamless experience for both consumers and enterprises [2] - PrivacyKey features key-management capabilities that allow enterprises to easily rotate and revoke keys, ensuring that only authorized users have access, thus providing a high level of security [3] Market Position - PrivacyKey has been integrated into technology solutions for major companies such as NEC Networks and System Integration Corporation (NESIC), Prove, and MajorKey, and is available in marketplaces for Zendesk and Nvidia, indicating its strong market presence [4] - The product replaces traditional tokens and facial images used by other vendors, ensuring superior privacy protection and performance [4] Strategic Importance - PrivacyKey is a critical component of authID's IDX platform, which secures distributed workforces and powers the authID Mandate framework for Agentic AI security, ensuring that AI agents are linked to biometrically-verified sponsors [5] - The recognition from the PayTech Awards underscores authID's commitment to advancing digital trust and redefining security measures for enterprises and consumers [6] Company Overview - authID provides a patented biometric identity platform that ensures enterprises can accurately verify user identities, preventing cybercriminal activities [7] - The company boasts a False Positive Rate of 1-in-1-billion, offering a high level of assurance and security in digital identity verification [7]

Company Overview - authID Inc. is a leading provider of biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" for every customer or employee login and transaction [2] - The company offers a patented biometric identity platform that powers biometric identity proofing in 700 milliseconds, biometric authentication in 25 milliseconds, and account recovery with a fast, accurate, user-friendly experience [2] - authID's PrivacyKey™ solution boasts a 1-to-1-billion false match rate while storing no biometric data, effectively stopping fraud at onboarding, blocking deepfakes, preventing account takeover, and eliminating password risks and costs [2] Recent Developments - The Annual Meeting of Shareholders for authID was held via webcast on June 26, 2025, where all nominated directors were elected and all proposed resolutions were adopted [1]

Core Insights - authID announced a new integration with Ping Identity to enhance identity proofing and biometric authentication, aiming to eliminate passwords and reduce account takeover fraud [1][2][3] Company Overview - authID provides a patented biometric identity platform that ensures enterprises "Know Who's Behind the Device™" for every login and transaction, with biometric identity proofing in 700 milliseconds and authentication in 25 milliseconds [5] - The company’s PrivacyKey™ solution boasts a false match rate of 1-to-1 billion while storing no biometric data, effectively preventing fraud during onboarding and blocking deepfakes [5] Integration Details - The integration of authID's Verified platform and PrivacyKey™ with PingOne DaVinci allows organizations to seamlessly incorporate biometrics into their onboarding and authentication workflows for both workforce and consumer applications [2][3] - This collaboration aims to improve user experience by eliminating the vulnerabilities associated with passwords and enhancing identity assurance [2][3] Strategic Goals - The CEO of authID emphasized the mission to eradicate identity fraud through secure, frictionless biometric authentication at scale, with the integration accelerating the transition to passwordless security for enterprise customers [3] - Ping Identity's commitment to expanding its technology partner ecosystem is highlighted, aiming to deliver better customer experiences through seamless orchestration [4]

Core Viewpoint - authID is enhancing its Board of Directors by nominating four highly qualified executives to drive growth and value creation for shareholders, with the 2025 Annual Meeting scheduled for June 26, 2025 [2][4]. Group 1: New Board Nominees - The new nominees include Stephen J. Garchik, Ram Menghani, Nicholas Shevelyov, and Shrikrishna Venkataraman, each bringing extensive experience in technology, cybersecurity, and business management [6][10][11][12][13]. - Garchik, as the largest shareholder, has been associated with authID for approximately 10 years and brings valuable business management and operational insights [10]. - Menghani has over 30 years of experience in unified communications and digital transformation, having partnered with major tech companies [11]. - Shevelyov has 30 years of cybersecurity experience and has held key roles in leading cybersecurity initiatives at Silicon Valley Bank [12]. - Venkataraman has a strong track record in leading IPOs and corporate transformations, with experience in finance and cybersecurity governance [13]. Group 2: Company Strategy and Vision - The CEO of authID emphasized the importance of the new nominees in supporting the company's mission to deliver market-leading biometric identity authentication solutions in an AI-driven world [4]. - The company aims to leverage biometrics as a foundational element in enhancing cybersecurity and user privacy as digital transformation accelerates [4]. - authID's biometric identity platform is designed to manage identities securely across borders and verticals while ensuring compliance with international laws [14]. Group 3: Annual Meeting Details - The 2025 Annual Meeting will be held virtually, with proposals to elect directors, ratify auditors, and increase shares allocated to the 2024 Equity Incentive Plan [5][7]. - Stockholders will receive materials related to the meeting via their brokers and are encouraged to vote by proxy [9].