Accelitas, Inc. Granted Patent for Document Authentication Based on Expected Wear
Patented Technology Enables Accelitas Document Insight™ Service to Analyze ID Wear for Authentication and Document Tracking, Streamlining Account Opening and Transaction Verification
NOTE: When this press release was issued, Accelitas was operating under the name Dragnet Solutions, Inc. Read about our name change here.
NOVATO, Calif., November 2, 2016 – Accelitas, Inc. (formerly Dragnet Solutions®, Inc.), a leading provider of data-driven insight services for financial organizations, today announced that it has been issued U.S. Patent No. 9,483,629 for “Document Authentication Based On Expected Wear.” The patent covers a system that enables authentication based on a physical document, ID, photograph, barcode or magnetic stripe. Specifically, an authentication service is described that utilizes characteristics of the item, data or token that represents the item or data to authenticate a user. The characteristics of the item or data may be processed based partially on the expected wear or degree of difference of the item, data or token from the last time it was presented.
"This patent demonstrates our Document Insight service’s unique approach to document authentication based on machine learning," said Greg Coté, CEO of Accelitas, Inc. "Our real-time document authentication and identity verification platform adapts to real world conditions, such as the wear or change that identity documents experience through everyday handling or the passage of time. Recognizing that any reliable document authentication solution would need to account for the real-world conditions of those documents, we developed this unique approach to analyzing driver licenses and other identity documents that consumers present when authenticating themselves. To develop this technology, we leveraged our unique role as the physical custodian of fraudulent identity documents that had been confiscated by banks. Our real-time Web services solve the document authentication and account-screening problems that financial institutions, retailers and non-bank lenders are facing every day."
"Our Document Insight platform, with its AI Extract and AI Authenticate services, is designed to adapt and learn what identity documents should look like, including their security features and other identifying features," Coté continued. "Whether it's used at account opening to authenticate a new account holder or for verifying a returning customer via the unique token assigned by the platform to a specific ID, Document Insight ensures a safe, frictionless consumer experience that will help organizations accelerate the adoption of mobile financial services."
To learn more about Document Insight or to request a demo, please contact email@example.com.
Accelitas is a leading provider of identity intelligence services that help companies identify and say "yes" to more customers.
Our Accelerated Insight® platform includes four real-time web services that provide a faster, smarter way to seamlessly open digital accounts, quickly authenticate IDs, verify profitable customers, and revive previously rejected applicants. The resulting decreases in abandonment, risk and charge offs, and rejection rates can deliver an ROI as high as 30:1.
Dragnet Solutions and Accelerated Insight are registered trademarks of Accelitas, Inc. Intercept, and Mobile Intercept are service marks of Accelitas, Inc. Other names may be trademarks of their respective holders.
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