Epson Embedded ID Scanners Coupled with Acuant Solutions Streamline ID Verification Process, Critical in Preventing Fraud and Identity Theft
BAI Retail Delivery, Las Vegas, NV. , October 13, 2015– Epson America, Inc., a leading supplier of value-added financial solutions and Acuant, a leading provider of credential management solutions, today announced Acuant’s certification of Epson’s TM-S9000 and TM-S2000 multi-function teller devices. With Epson hardware, financial institutions are able to scan and capture images of driver’s licenses and/or other government issued IDs, which can then be used by Acuant’s idScan® to auto-populate this information into the institutions’ systems. With one of the industry’s highest quality ID scanner built into its devices, Epson’s solutions greatly simplify the capture and validation process for the teller at the point of customer interaction. The integrated solution is available from Acuant today and will be shown at BAI Retail Delivery, a conference for the financial services industry, October 13 -15, at the Venetian, Epson booth 1621.
Federal regulations require financial institutions to know and verify the identity of their customers. Criminals and fraudsters use sophisticated fake IDs with stolen identities to apply for credit, cash fake checks, launder money and access funds that do not belong to them. Acuant assists financial institutions with information verification in order to comply with the Bank Secrecy Act, Gramm-Leach-Bliley (GLB) Act and Red Flag Rules. Using Acuant and Epson multifunction teller devices makes compliance with the federally mandated Customer Identification Program (CIP) easier.
“Identity breaches are rampant and proper ID verification is critical,” said Yossi Zekri, president and CEO at Acuant. “Our collaboration with Epson makes it easier for financial institutions to collect vital information through automated validation and authentication, greatly streamlining the ID validation process and improving the customer experience.”
“Acuant empowers financial institutions to know with the greatest certainty that an individual’s ID is real and accurate, enabling regulatory compliance and identifying potential fraudsters at their first attempt,” said Rahn Rampton, financial services product manager at Epson. “Our joint goal is to make it as fast and easy as possible to collect this vital information, in one step. Branch personnel can then spend more face-to-face time fostering stronger customer relationships. Since the ID scanner is fully integrated into our multifunction teller devices, there is no need for any other peripherals at the counter.”
In addition to its two-sided ID scanner, Epson’s fully integrated, multifunction TM-S2000 and TM-S9000 teller devices offer multiple advanced features all in one small footprint. They also feature fast check scanning and extraordinary MICR accuracy, and the ability to print cashier checks and perform endorsement printing. In addition, The TM-S9000 offers a fully integrated, award-winning TM-T88V receipt printer.
For more information on Epson’s financial solutions, please visit: http://www.epson.com/cgi-bin/Store/jsp/ProductCategory.do?oid=-19615&UseCookie=yes
Acuant’s idScan® is the company’s premier identity solution offering. Whether it is a driver’s license or State ID, passport, medical insurance card, business cards, or any other government issued ID document, idScan offers limitless potential to register, onboard, or credential an individual. For more information, please visit: http://www.acuantcorp.com/identity-solutions
Acuant’s award-winning and patented credential management solutions automate the intake, processing and verification of unstructured data from ID documents. Leveraging virtually any device, the company’s solutions transform this data into useful and insightful information – whether in the cloud or locally – which is used in critical business applications. http://www.acuantcorp.com
About Epson America, Inc.
Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. For over 40 years, Epson’s advanced technology has been at work in millions of POS systems around the world. Today Epson’s Business Systems Division continues to bring industry-leading, open architecture, smart technologies to the point of service. You may also connect with Epson America on Facebook (http://www.facebook.com/Epson), Twitter (http://twitter.com/EpsonAmerica), and YouTube (http://www.youtube.com/EpsonAmerica).
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