Q5id granted patent for its biometric identity management technology
The U.S. Patent and Trademark Office has issued Q5id a patent for its biometric identity enrollment and verification system that proves and authenticates identities to prevent fraud and theft, the company announced.
To prove a person’s identity, the system gathers different biometrics features, analyzes identity documents, conducts identity assessment and a live interview. After users are enrolled, the proven digital identity is accepted for transaction authorization in different industries and across various business applications.
“What we have developed is truly unique from any other solution on the market. No other platform on the market today proves identities like Q5id. Most approximate identities and are still vulnerable to spoofing and fraud,” said in a prepared statement Steve Larson, CEO and founder at Q5id. “Our patented system enrolls consumers and proves their identity in just a few minutes. They can then be authenticated against their digital identities in a matter of seconds. Businesses can be certain that their customers are who they say they are, and consumers receive peace of mind that their identity is protected.”
By combining multi-modal biometrics, identity document checks and live video interviews, Q5id prevents identity spoofing during transactions.
Q5id recently named Matthew Klepp as the new Director of Products – Applications to help build Q5id’s scalable identity management platform.