Tokenworks Selects Acuant to Combat Influx of Fake IDs
Acuant, a global provider of identity verification solutions, today announced that Tokenworks® Inc, a leading provider of ID scanners and identification software, selected Acuant’s AssureID to enhance TokenWorks’ advanced identity verification system IdentiFake®. Together, both companies will help customers across the hospitality, security and cannabis dispensary markets detect fraudulent identification and meet stringent industry compliance regulations.
“There is a growing need for higher-level identity verification, especially for companies operating casinos or dispensaries. These industries are highly regulated – especially those selling cannabis – so the stakes are higher for misidentifying a fraudulent consumer ID,” said Charles Cagliostro, President, Tokenworks, Inc. “With Acuant we’re able to offer our customers peace of mind by providing them with an easier, quicker and more effective method to catch forged or ‘fake’ IDs. Acuant’s technology is proven as best-in-class and allowed us to rapidly provide a sophisticated ID verification solution.”
AssureID powers Tokenworks’ IdentiFake® System to quickly perform dozens of forensic checks and detect microprint, holographic and other security features. Using AssureID’s patented process, the solution extracts biometric and alphanumeric data contained in an identity document to authenticate it by applying 50+ forensic document-specific tests in seconds. The IdentiFake software is currently being operated by casinos, banks, liquor stores, bars and nightclubs, and cannabis dispensaries, as well as any organization that has a high risk of loss associated with performing a transaction with fraudulent identification.
“Organizations across all industries are increasingly serious about fighting identity fraud. But for some, it’s more important than ever to have a trusted and reliable identity verification process in place,” said Yossi Zekri, president and CEO of Acuant. “Tokenworks understands the needs of its customers and delivers products that consistently deliver results. We’re thrilled they chose Acuant to help power their advanced IdentiFake ID verification solution.”
Acuant is an identity verification platform that instantly reduces fraud while providing seamless customer experiences. Solutions include intelligent data capture and auto-fill software, identity document authentication, chip and e-Passport authentication with PKI, facial recognition software and expert manual review of documents. Human assisted machine learning powers the largest ID library processing 196+ countries monthly and having completed more than 3 billion transactions worldwide. Acuant mitigates risk and meets regulatory requirements such as KYC and AML, while protecting PII. Partners include start-ups, Fortune 500 and FTSE 350 organizations in all industries. For more information, please visit acuantcorp.com.
TokenWorks, Inc manufactures and empowers advanced Driver License Scanning and Age Verification solutions, matching best-in-class hardware and custom-developed software elements to create solutions that help businesses gain confidence and accuracy in their ID Scanning practices. In business since 1998, TokenWorks serves thousands of customers across the US and Canada. For more information, please visit TokenWorks.com or its ecommerce store at IDscanner.com.