VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, announced today that it has licensed and is incorporating KeyLemon’s Advanced Biometric solutions into the new version of its ID Services platform, which will be available before the end of this year. VerifyMe selected KeyLemon’s solutions for their accuracy and high level of security.
“There are three very important aspects to user authentication technology. It has to be secure, it has to be accurate, and it has to be intuitive and easy to use,” said Paul Donfried, Chief Executive Officer of VerifyMe. “KeyLemon’s algorithms are excellent additions to our suite of patented authentication tools,” continued Donfried. “Their solutions refine the biometric information collected, making facial and voice recognition more accurate, and allowing quicker user verification against biometric profiles stored in the cloud. What is more, KeyLemon’s sophisticated, one-way algorithms ensure that data collected and stored holds no value to hackers.”
Using a smart phone or other connected devices, VerifyMe’s ID Services platform replaces passwords and PINs with an intuitive, user-friendly, multi-factor authentication process. It has the ability to authenticate individuals using facial, fingerprint, voice and swipe pattern recognition, as well as location detection and approved IP/WIFI address detection. Its proprietary, patented solutions support an unlimited number of authentication tools – including knowledge, possession, biometric factors and GPS – and is platform agnostic.
“We don’t just authenticate a user’s face, fingerprint or voice,” commented Donfried. “Using a very simple user interface, our solution identifies that the user is a living person, not just a photo or video of the face, and it learns to identify that specific user even in a low light or noisy environment,” Donfried continued.
The application employs three factors of security instead of simple passwords, providing the highest levels of confidence, security and account protection within seconds. With applications ranging from protecting current account passwords to protecting financial and identity information across a wide array of industries, VerifyMe’s solutions shield consumers and businesses from identity fraud and theft.
“We are excited that VerifyMe selected our technology. The capabilities we provide add tremendous value and ease of use to both consumer and enterprise users,” said Gilles Florey, Chief Executive Officer of KeyLemon. “VerifyMe focuses primarily on the enterprise market, where safety and privacy of customers and employees is of prime importance. This market can clearly benefit from 3D depth-sense cameras and efficiently combine depth, near-infrared and visible spectrum facial information and other capabilities our technology enables.”