Ipsidy is Selected by PharmacyID to Deliver a High Assurance Identity Verification Solution in Australia
Ipsidy Inc., a leading provider of secure, mobile biometric identity solutions, including Identity as a Service (IDaaS) and PharmacyID, which operates a platform offering a trusted identity verification service through a network of over 2,500 pharmacies, have signed a partnership agreement to create an identity verification solution, with the highest level of assurance for the Australian market.
PharmacyID has over twenty years of experience in Australia and is accredited by the Australian Criminal Intelligence Commission (ACIC) to provide Police background check services and the Department of Home Affairs, Document Verification Service (DVS). PharmacyID seeks to enhance its current customer identity verification processes by combining Ipsidy’s trusted facial biometric, digital onboarding capabilities with their existing in-person verification of identity.
Identity theft and online fraud made up over 40% of cybercrime reports according to “Cybercrime in Australia” the 3rd Quarter 2019 report of the Australian Cyber Security Centre. 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. 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. The combined solution is aimed at public and private sector markets needing to prevent the prevalent ID fraud, particularly for welfare and Superannuation benefits claims and the financial industry.
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Under the agreement, PharmacyID will integrate with Ipsidy’s IDaaS platform to add Ipsidy’s mobile biometric identity services to their 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. The combined technology will allow PharmacyID to provide a solution that complies with Identity Proofing Level 4, (as defined by the Australian Digital Transformation Agency – TDIF Release Four) and EAL3 (as defined by NIST).
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. E-commerce businesses, such as ride-sharing applications, delivery, d*****, 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. Businesses and individual consumers can be comfortable that they will receive an efficient and secure service that offers the highest level of identity assurance and establishes mutual trust between all parties.
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“Everything starts with trusted identity,” said Phillip Kumnick CEO of Ipsidy Inc. “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.”
“The remote online world is rapidly growing with validation of an individual’s identity creating the basis of a new form of trust.” said Geoff Stockton, PharmacyID Managing Director “By adding Ipsidy’s identity platform services to our platform, PharmacyID can provide an enhanced service with the highest level of trust, needed to address current and future customer demands in the Australian market.”
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