[November 09, 2004] Intelli-Check Announces Two New Software Products ID-TRAVELER and IDENTITY-PASS WOODBURY, N.Y. --(Business Wire)-- Nov. 9, 2004 -- Both Will Facilitate In-Person Proofing That Complies with the Credentialing Requirements of Presidential Directive HSPD-12 and the U.S. Patriot Act Intelli-Check, Inc. (AMEX:IDN), a leader in advanced identification-document-verification systems, announces the development of its ID-TRAVELER(TM) and IDENTITY-PASS(TM) software products for "in-person proofing." The company's latest offerings are aimed at meeting the credentialing requirements of Presidential Directive HSPD-12 to help prevent the use of false IDs and identity theft to obtain legitimate government IDs. These systems are also designed to assist financial institutions in complying with the Patriot Act, which requires them to verify the identity of any person seeking to open an account as well as to maintain records of the information used to verify a person's identity, including name, address, and other identifying information. In addition, they have applications in a variety of retail markets for proof of identity in employment screening and for issuance of store credit cards. "We believe that identity theft and the use of fake IDs is a growing problem nationwide, costing the U.S. economy, according to FTC estimates, $53 billion every year. These fake IDs are also used to support terrorist activities," said Frank Mandelbaum, chairman and chief executive officer of Intelli-Check. "Our new ID-TRAVELER software is designed to verify the validity of driver licenses, state-issued IDs, military IDs, passports, visas and border-crossing cards by reading, analyzing and verifying the encoded data contained in magnetic stripes, barcodes, smart chips or the machine readable zone (MRZ) on these documents. When there is a requirement that a person present two forms of government-issued IDs as proof of identity, it is capable of electronically matching the encoding of similar fields on any two of these documents in seconds. Should a match not occur, it is capable of highlighting any anomalies that exist between the presented documents. ID-TRAVELER is also available with a question-generator option and image capture." Mr. Mandelbaum continued, "IDENTITY-PASS offers all the benefits of the Company's patented ID-CHECK technology plus the additional capability for proving one's claimed identity. The IDENTITY-PASS software first verifies that the presented identification document is a legally issued document by instantly reading, analyzing, and verifying the encoded data contained in magnetic stripes, barcodes, or smart chips on these documents to determine if the format is valid. The second step provides assurance that the person presenting the ID is, in fact, who he or she claims to be. The question generator automatically poses several multiple-choice questions, such as, 'which of these addresses have you lived at in the past?' or, 'in which state was your social security card issued?' Because the queries are random and specific to that person, it is highly unlikely that anyone other than the actual person would be able to answer them all correctly. The software also has the capability to link and store images of the documents presented for verification so that they may be retrieved when it is necessary to prove that the proper documents were utilized in the in-person proofing process." IDENTITY-PASS and ID-TRAVELER can also seamlessly check the name and identification against terrorist or other watch lists. Once the validation process is complete, the systems are designed to store all relevant data to prove that the in-person proofing process took place as well as to comply with the requirements of the Patriot Act. Intelli-Check has designed these systems to be inherently flexible to allow customers to add various biometric capabilities and create custom badges using the services offered today by a number of the company's strategic partners. About Intelli-Check, Inc. Intelli-Check, Inc. is the acknowledged leader in technology that assures the authenticity of driver licenses, state issued non-driver and military identification cards used as proof of identity. Our patented ID-CHECK technology instantly reads, analyzes, and verifies the encoded data in magnetic stripes and barcodes on government-issued IDs from approximately 60 jurisdictions in the U.S. and Canada to determine if the content and format is valid. Applications include: -- security and access control to protect airports, government and commercial buildings, military installations, and other critical sites -- identity theft, commercial and government fraud prevention to help stem the millions of dollars each year in losses from credit card, check-cashing, bank, insurance, healthcare and pharmacy fraud -- age verification to protect bars and other retail establishments from the potential fines and penalties associated with selling age-restricted products to minors -- productivity enhancement to eliminate inefficiencies and inaccuracies associated with manual data entry The company has been the national testing laboratory for the American Association of Motor Vehicle Administrators (AAMVA) since 1999 and has access to all the currently encoded driver license formats. For more information, visit www.intellicheck.com. Intelli-Check Safe Harbor Statement Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. When used in this press release, words such as "will," "believe," "expect," "encouraged" and similar expressions, as they relate to the company or its management, as well as assumptions made by and information currently available to the company's management identify forward-looking statements. Our actual results may differ materially from the information presented here. There is no assurance that the introduction of ID-TRAVELER and IDENTITY-PASS technology to our potential customers and partners, or government efforts to enhance security will lead to additional sales of our products. Additional information concerning forward looking statements is contained under the heading of risk factors listed from time to time in the company's filings with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information. [ Back To TMCnet.com's Homepage ]