Launches ValidātID – an Identity Authentication Platform
Panini, the global leader in distributed check capture technology, is pleased to announce they are expanding the company to focus on security solutions. And today, they are launching Panini ValidātID, an innovative identity authentication and data capture software platform that prevents fraud in seconds while streamlining workflows.
“Panini will always be dedicated to innovation and leadership in our core business of check truncation,” says Michael Pratt, CEO, Panini. “But we’re also expanding the company to an exciting new direction focused on security.” In this new endeavor, Panini will concentrate on the security of transactions, the participants to those transactions, and the environments where the transactions occur.
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Panini ValidātID is a software platform designed to help financial institutions and other businesses automate their customer-facing processes while protecting themselves against identity theft and other types of fraud. ValidātID extracts document data from multiple sources, checks the ID’s authenticity by applying advanced forensic tests, and can check the ID against popular watch lists such as OFAC. Once controls pass successfully, customer data seamlessly flows to the chosen banking or business application, eliminating manual errors and speeding up critical transaction processes – all while keeping the business and customers safe.
“ValidātID is a solution that specifically addresses the massive and growing problem worldwide with identity theft and identity fraud,” adds Pratt. “With ValidātID, you can make sure the identification credentials are authentic and that the person is who they say they are.”
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For bankers, and other businesses requiring identity authentication, ValidātID functions as a first line of defense in regulatory compliance processes and improves customer experience with security assurance. Financial institutions will find the solution particularly beneficial during customer enrollment, high-risk transactions and check cashing.
Panini ValidātID is available with a choice of scanning platforms including the Panini Vision neXt™ and EverneXt™ check scanners, as well as compact ID and passport scanners.
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