Total Contract Value in the Very High Seven-Figure Range Over Three Years
Anticipated to Drive Top Three Client Revenue Ranking
MELVILLE, N.Y.–(BUSINESS WIRE)–Intellicheck, Inc. (Nasdaq: IDN), a leader in identity verification technology, has secured a transformative three-year agreement with a prominent U.S. regional bank, marking a strategic expansion of their partnership. The deal, valued in the high seven-figure range, is expected to elevate the client to one of Intellicheck’s top three revenue drivers while broadening the deployment of its fraud prevention tools across the bank’s 1,900+ branches. The integration now extends to teller workstations—a critical enhancement aimed at streamlining transactions and fortifying security in both digital and in-person interactions.
The agreement includes a low-seven-figure annual revenue commitment for the first year, with phased rollouts expected to generate incremental revenue starting in Q3 2025. The expanded collaboration underscores growing confidence in Intellicheck’s proprietary identity validation platform, which enables rapid customer onboarding and real-time fraud detection without disrupting existing workflows.
“This partnership validates the unparalleled value of our technology in combating identity theft while fostering customer trust,” said Bryan Lewis, CEO of Intellicheck. “By embedding our solution deeper into their operations, this institution is not only accelerating growth but also setting a new benchmark for security in financial services.”
The unnamed regional bank, which manages over $500 billion in assets, provides a suite of consumer and commercial banking services. Intellicheck’s platform will now support critical functions such as account changes, credit applications, and new account openings—all while minimizing fraud risks through its AI-driven verification algorithms.
Intellicheck’s technology differentiates itself through its ability to authenticate government-issued IDs in under one second, processing roughly 100 million validations annually across North America. Its SaaS-based model offers businesses a competitive edge by reducing friction in customer interactions and mitigating losses from identity-based fraud.
About Intellicheck
Intellicheck specializes in real-time identity verification solutions trusted by sectors where security and speed are paramount. Its patented analysis of DMV-issued IDs enables seamless fraud prevention for both digital and in-person transactions. The company’s clients span financial services, retail, and healthcare, with its technology designed to integrate effortlessly into existing infrastructures.
Safe Harbor Statement
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, including projections about market adoption, revenue growth, and product demand. These statements involve risks such as shifts in customer demand, operational challenges, and regulatory changes. Actual results may differ materially due to these and other factors outlined in Intellicheck’s SEC filings. The company assumes no obligation to update forward-looking statements.
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