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Ipsidy teams with PharmacyID to create identity verification solution with highest level of assurance for Australian market

PharmacyID, which serves some 2,500 pharmacies with its identity verification platform, will integrate Ipsidy’s facial biometric, and digital onboarding capabilities

Ipsidy Inc. - Ipsidy teams with PharmacyID to create an identity verification solution with the highest level of assurance for the Australian market
Identity theft and online fraud are increasing as society becomes more reliant on e-commerce and the Gig economy 

Ipsidy Inc (OTCQB:IDTY) has signed a partnership agreement with PharmacyID to create an identity verification solution with the highest level of assurance for the Australian market.

PharmacyID, which serves some 2,500 pharmacies with its identity verification platform, is seeking to enhance its current customer verification processes by combining Ipsidy’s trusted facial biometric, digital onboarding capabilities with their existing in-person verification of identity, according to a statement Monday. 

As Iidentity theft and online fraud increase, identity verification is essential in order to know who you are dealing with, as society moves towards ever more remote interaction and we become increasingly reliant on e-commerce and the Gig economy.

READ: Ipsidy joins the Temenos MarketPlace that connects banks to innovative technologies

Ipsidy said PharmacyID aims to ensure Australian organizations, businesses and individuals are protected from the growing threat of identity fraud, by providing trusted face-to-face verification of identity with original documents, through its vast network of local pharmacies. 

Under the agreement, PharmacyID will integrate with Ipsidy’s IDaaS platform to add Ipsidy’s mobile biometric identity services to its platform. 

Proof by Ipsidy combined with the PharmacyID network will deliver a state-of-the-art facial biometric and document verification solution that will simplify and enhance the in-person identity verification services currently offered. 

The new service offers remote identity data capture and biometric matching, along with in-person validation by accredited pharmacy network personnel.

In addition, PharmacyID will offer a fully remote identity verification solutions for businesses that do not require the in-person validation of the highest assurance level. 

New verification solution e-commerce businesses

E-commerce businesses, such as ride-sharing applications, delivery, dating, and other online services who want to check the identity of their marketplace vendors and consumers, can use Ipsidy’s fully remote Proof service, as offered by PharmacyID, to be sure who their customers are. 

Ipsidy’s solution offers greater convenience by allowing consumers to enroll with Pharmacy ID from the comfort of their home and delivers greater identity assurance with automated facial biometric matching of a selfie to the photo extracted from an Australian driver’s license.

Verified by Ipsidy will also augment the PharmacyID platform offerings with a strong, mobile multi-factor authentication solution, rooted to trusted identity sources obtained using Proof, to combat fraud in online transactions. 

“Everything starts with trusted identity,” said Ipsidy CEO Phillip Kumnick. “Our identity platform offers innovative solutions that are flexibile, fast, and easy to use and integrate. The Agreement with PharmacyID marks Ipsidy’s first foray into Australia and demonstrates the ability of the Ipsidy platform to support customers around the world.”

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Ipsidy Inc.

Price: 0.1475 USD

Market: OTCQB
Market Cap: $81.34 m

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