Intellicheck, Inc. announced a top financial customer has signed a new high value three-year agreement. This agreement expands the initial digital use-cases to also include teller workstation transactions. The total contract value in the high seven-figure range is expected to propel this client to a top three revenue generator for the Company.
The new agreement significantly expands the bank's utilization of Intellicheck's cutting-edge identity validation technology. This regional bank is now utilizing Intellicheck's technology in their more than 1,900 branches nationwide. The initial Annual Contract Value is anticipated to be a low-seven figure revenue amount paid in equal monthly installations for the first year as the product is rolled out throughout its system.
Intellicheck's approach to proving identity is unique. It enables a frictionless customer experience that seamlessly fits into existing workflows using existing technology, scanning devices or Intellicheck's mobile app. Intellicheck's technology solutions provide a proprietary identity verification process that creates a competitive advantage for every business by facilitating rapid customer acquisition and on-going customer retention and trust at the point of service, while preventing unauthorized ID use and stopping identity-based fraud.
