viewIpsidy Inc.

Ipsidy introduces biometric identity authentication app for iPhone, Android devices

Provider of security products says app uses a selfie to authenticate user's identity

a digital lock
New mobile biometric app available at Apple's App Store and on Google Play

Ipsidy Inc. (OTCMKTS:IDTY, OTCQB:IDTY), a provider of biometric identification, identity management and electronic transaction processing services, has introduced the new Ipsidy App for iPhone and Android.

The Long Beach, NY, company said in a release that the new app provides "mobile biometric, multi-factor identity authentication for a broad range of everyday transactions" through the use of a selfie to authenticate their identity. Ipsidy said its identity transaction platform converts the selfie into a biometric facial template that is matched against a previously enrolled reference template.

The new app is currently available at the Apple Inc.'s (NASDAQ:AAPL) App Store and Alphabet's (NASDAQ:GOOG) Google Play.

READ: Ipsidy Inc. rides the wave of identity authentication

Ipsidy operates in a sector CEO Philip Beck calls Identity Solutions as a Service, or IDSaaS. In addition to integrating Ipsidy’s service as a black box, using available APIs and SDKs, Ipsidy also provides an out-of-the-box solution that uses tech already in everyone’s possession, Beck told Proactive Investors.

After the massive hacks of Equifax Inc. (NYSE:EFX), Target Corp. (NYSE:TGT) and Home Depot(NYSE:HD), Beck and the Ipsidy team saw a huge market for the company’s proprietary biometric technology and beyond. Today's release is particularly prescient in the wake of Thursday's news that Twitter Inc. (NASDAQ:TWTR) compromised millions of user passwords, resulting in a wide-ranging privacy alert.

Quick facts: Ipsidy Inc.

Price: 0.093 USD

Market: OTCQB
Market Cap: $48.61 m

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