April 21, 2015 -
MyECheck offers a fast, secure and cost-effective payment method for small business and enterprise class providers to sell goods and services to consumers.
Using a proprietary method of creating and clearing fully electronic checks on behalf of its customers, MyECheck provides them with full protection and funds availability under the rules of the Check Clearing Act for the 21st Century.
Under the partnership, MyECheck will integrate AuthenticIDs CatfishAIR identity authentication solution into MyEchecks mobile payment product, MyEpay, to provide the most accurate customer identity authentication using only a government-issued ID. AuthenticIDs check imaging solutions will also be implemented.
“We’re pleased to partner with MyECheck to provide our AFDA technology that forensically examines identity documents to accurately detect counterfeit and tampered with ID documents in an automated fashion,” said AuthenticID CEO Blair Cohen. “As a leader in electronic check solutions, they’ll benefit from our cloud-based, real-time solution that runs on the web, mobile devices and tablets, and its readily available APIs can be seamlessly integrated with existing applications providing a smooth customer experience while identifying fraudulent users.”
Using Automated Forensic Document Authentication (AFDA) and Facial Recognition Engine (FRE), the CatfishAIR cloud software can verify the identity of anyone from anywhere.
Using an image or selfie of the user’s ID document and face, CatfishAIRs facial recognition quickly compares the headshot on the ID document with the selfie of the customer.
AuthenticID will also begin using the MyEcheck service as a payment method for their customers, which will provide a significant cost savings compared to expensive card payments.
Previously reported, Sionic Mobile partnered with AuthenticID to integrate its facial identity recognition system catfishAir into both upcoming versions of ION Rewards and Shop2Give consumer apps.