AU10TIX Limited. Nicosia, Cyprus, 24 September 2012 – AU10TIX Limited, a subsidiary of ICTS International N.V. (ICTSF. OB), is pleased to announce they are working with GB Group, a global leading Identity Management business. GB Group will incorporate AU10TIX’s BOS ID-image processing and authentication solution as part of their ID Verification solution.
With the new system, GB Group’s clients will be able to automate much of the processing and authentication of ID images produced by customers using home scanners, digital cameras, phone cameras, etc. and submitted to GB Group’s clients online via their websites or email. AU10TIX BOS system will enable GB Group’s clients to speed-up customer verification and onboarding, boost the quality of data entering the system and add an automated layer of authentication.
With the introduction of AU10TIX BOS, GB Group will enable its clients to relieve what is now a significant bottleneck to growth, service improvement, and regulatory compliance. AU10TIX’s machine-learning-enhanced BOS platform automates the process of ID image identification, authentication and conversion to digital records, replacing a significant part of the slow and error-prone manual examination and handling. AU10TIX’s BOS system incorporates special algorithms that improve the sorting out and processing of large quantities of ID images that, when produced by customers, may vary greatly in every quality parameter.
“One can only appreciate GB Group’s vision,” says Mr Ron Atzmon, AU10TIX’s MD: “Everybody already knows that online trade and interactions are increasing significantly. But online brings with it a whole set of new challenges, including the quality of ID documents which are received as digital images. With AU10TIX’s BOS, GB Group is gaining a serious advantage in being able to handle more clients, more quickly and more effectively, easing operating bottle-necks and gaining a competitive advantage.”
John Lord, managing director at GB Group adds: “We’re delighted to be working with AU10TIX. Our solution will enable our client’s to verify document images via the web to further enhance the customer onboarding experience and eliminate the need to manually copy and send documents through the post. Internet retailing is set to soar and businesses need to review their current manual processes if they are going to have a chance of reaping the benefits of online trade. Speed and accuracy are both key to building long term customer relationships.”
About GB Group plc
GB Group is a leading Identity Management business. It helps organisations recognise and verify all elements of an individual’s identity at every interaction. Through the application of our proprietary technology, we enable organisations to connect, communicate and transact with people safely, responsibly and profitably. In doing so, we help businesses like O2, Laura Ashley, HMRC, LloydsTSB, Virgin Games, PartyGaming, Betfair and Ladbrokes understand their customers better to create more meaningful customer interactions – and reduce costs across the business. GB Group is listed on the London Stock Exchange (GBG). For more information, please visit GB Group’s website: www.gb.co.uk. GB Group – because identity matters™
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents, including: Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying and acquiring identity documents, authenticating them and their owners, in real-time. The company’s products drastically reduce identity and document based fraud in organizations, reducing the costs associated with processing clients, improving compliance competence and effectiveness with related regulations, while making the sales and support operations more efficient. For more information, visit www.au10tix.com
About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process. For more information, visit www.icts-int.com
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.
Maxine Morgan, Group Marketing Manager
Tel.: +44 (0) 1244 657333
Ofer Friedman, Head of Marketing
Tel.: +972-50-4 71 71 50
ICTS International NV
Alon Raich + 00-972-974-47770