AuthenticID - a leading technology company specializing in identity authentication solutions, today announced the addition of a new functionality to CatfishID - their identity proofing solution that supports virtually all government issued IDs worldwide. It eliminates the use of a cloned credit card by extracting data from the magnetic stripe and comparing it with information printed on the front of a credit card, thereby removing the ability to use stolen credit card information. In addition, AuthenticID’s global solution, CatfishID, goes beyond traditional Automated Forensic Document Authentication (AFDA) capabilities by using cloud technology to automatically route failed ID scans to AuthenticID’s trained document inspectors for a secondary review. These highly trained inspectors are experts at reviewing high resolution images and provide test results of each failed scan in real-time – while completely eliminating false positives.
“With our new functionality telecom, banking, financial institutions and Enterprise-level corporations worldwide will find CatfishID an indispensable tool in eradicating credit card fraud,” said AuthenticID CEO
CatfishID provides corporations operating worldwide with the ability to verify the authenticity of ID documents online. The ID is illuminated using multiple light sources and high resolution images verify micro printing, exposing even the most sophisticated counterfeit documents. Only CatfishID has the ability to detect the most sophisticated counterfeit ID documents with its robust and innovative feature set – no other AFDA solution comes close. The solution presently supports virtually all government issued IDs worldwide – more than 900 additional documents when compared to its closest competitor.
Visit http://authenticid.co for more information.
Read the full story at http://www.prweb.com/releases/CatfishID_eliminates/global_fraud/prweb11602661.htm
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