Ipsidy and Safetrade Africa to Launch Biometric Identity Authentication Solutions for African and Indian Ocean Markets
Wednesday, October 10, 2018
LONG BEACH, New York and JOHANNESBURG, October 10, 2018 /PRNewswire/ --
Ipsidy Inc. (http://www.ipsidy.com) [OTCQX: IDTY], a provider of secure, biometric
identification, identity management and electronic transaction processing services, and
Safetrade Africa, (http://www.safetradeafrica.com ), a technology development company
specialising in payment processing in secure environments today announced their agreement
to offer Ipsidy's suite of biometric identity and authentication solutions to South Africa,
African countries south of the equator, as well as the Indian Ocean islands of Madagascar,
Mauritius and Seychelles.
In a world of increasing digital and mobile transactions that is accompanied by
widespread data theft and fraud, traditional customer identification and authentication
methods are no longer adequate. Ipsidy's identity transaction platform leverages the
convenience of lower-cost mobile applications to help customers authenticate the identity
of the person on the other side of everyday transactions. Our platform facilitates a range
of such transactions, including payments and physical or digital access, embedded with the
participant's authenticated identity.
The joint offering will initially comprise Verified(TM), and Access(TM), Ipsidy's
out-of-the-box, mobile, biometric identity solutions.
Requiring no integration, Verified leverages the Ipsidy Identity portal to seamlessly
authenticate a user's identity (be they a customer, or employee) from the convenience of
their own smartphone. A business agent using Verified, can simply login to the Ipsidy
portal to trigger an authentication request to a user's registered mobile phone. Ipsidy's
mobile identity application puts your users in control of their identities and lets them
authorize transactions before, not after, they have been approved. Users quickly capture
their 'selfie' in their trusted Ipsidy mobile application to authenticate their identity
and approve everyday transactions. Ipsidy's platform converts the selfie into a biometric
facial template that is matched against a previously enrolled reference template.
Access helps protect any perimeter and create a safe environment by monitoring the
enrolled identities of people moving in, out, and around any defined area. Enrolled
participants whether residents, employees, visitors, customers, students or patients, use
Ipsidy's mobile-identity application to provide quick and secure biometric identification
at their arrival and exit. Ipsidy's tablet-based Concierge application and low-cost
Bluetooth beacons are used by the site's attendant to provide real-time monitoring of
enrolled participants' entry and exit transactions. The Concierge app provides the tools
to register and verify users' identities while also furnishing reporting and analytics.
"We are excited to partner with Ipsidy to resell the company's suite of biometric
identity solutions and thereby becoming an early leader in the African market to offer
this technology, " said Carrie Dickie of Safetrade Africa. "Identity and cyber security
are major issues for our clients and for the financial services, payments, e-commerce
wallet, healthcare, contact centre and cryptocurrency exchange industries we serve. Our
clients seek innovative solutions that offer enhanced security and protection against
fraud. We believe that Ipsidy's solutions will provide our clients with the highest level
of identity and transaction authentication."
Jonathan Ellis, Managing Director Ipsidy EMEA said: "Ipsidy is pleased to partner with
Safetrade to resell our services in the Sub-Saharan African and Indian Ocean market.
Together we will offer solutions that provide the highest level of security, control and
certainty for everyday transactions."
About Safetrade Africa
Safetrade Africa is a private limited company registered in the Republic of South
Africa. Opening our doors in 2002 as a technology development company specialising in
payment processing in secure environments. Safetrade Africa has a 100% South African
Shareholding and is the holding company for Mobile Merchant (PTY) Limited. Safetrade
Africa continually searches for ground breaking ideas and technology to bring to market,
whether that be in South Africa, Africa or globally.
For Sales enquiries, please contact Safetrade Africa on +27-11-803-3509.
Ipsidy Inc (OTCQX: IDTY) http://www.ipsidy.com is a provider of secure, biometric
identification, identity management and electronic transaction processing services. Ipsidy
is headquartered in New York and has operating subsidiaries: MultiPay in Colombia,
http://www.multipay.com.co ; Cards Plus in South Africa,
http://www.cardsplus.co.za; and Ipsidy Enterprises in the U.K. Our identity
transaction platform creates a trusted transaction, embedding authenticated identity and
event details with a digital signature and using a participant's mobile device to approve
everyday transactions. Our platform offers biometric and multi-factor identity management
solutions which support a wide variety of electronic transactions. We believe that it is
essential that businesses and consumers know who is on the other side of an electronic
transaction and have an audit trail, proving that the identity of the other party was duly
authenticated. We continue to enhance our solutions to provide our customers with the next
level of transaction security, control and certainty over everyday transactions. Further
information on Ipsidy can be found at http://www.ipsidy.com or contact us
Notice Regarding Forward-Looking Statements
Information contained in this announcement may include "forward-looking statements".
All statements other than statements of historical facts included herein, including,
without limitation, those regarding the financial position, business strategy, plans and
objectives of management for future operations of both Ipsidy and its business partners,
future sales, product and service launches with customers and new initiatives and customer
pipeline are forward-looking statements. Such forward-looking statements are based on a
number of assumptions regarding Ipsidy's present and future business strategies, and the
environment in which Ipsidy expects to operate in the future, which assumptions may or may
not be fulfilled in practice. Implementation of some or all of the new services referred
to is subject to regulatory or other third party approvals. Actual results may vary
materially from the results anticipated by these forward-looking statements as a result of
a variety of risk factors, including the risk that implementation, adoption and offering
of the service by customers, consumers and others may take longer than anticipated, or may
not occur at all; changes in laws, regulations and practices; changes in domestic and
international economic and political conditions and others. Additional risks may arise
with respect to commencing operations in new countries and regions, of which Ipsidy is not
fully aware at this time. See the Company's Annual Report Form 10-K for the Fiscal Year
ended December 31, 2017 filed at http://www.sec.gov for other risk factors which
investors should consider. These forward-looking statements speak only as to the date of
this announcement and cannot be relied upon as a guide to future performance. Ipsidy
expressly disclaims any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained in this announcement to reflect any changes in
its expectations with regard thereto or any change in events, conditions or circumstances
on which any statement is based.
Safetrade Africa (PTY) LTD
SOURCE Ipsidy Inc.
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