U.S. Biometrics Corporation and VALID Systems Deploy Innovative Technology for Servicing the Underbanked Consumer

 

November 8, 2007 Naperville, Illinois - US Biometrics Corporation, a leading provider of digital identity applications, and VALID Systems, the industry’s leading check cashing and verification solutions provider, have joined forces to offer the banking sector innovative solutions for gaining market share and revenue through the underbanked consumer. VALID’s demonstrated success in attracting and serving underbanked consumers is now combined with US Biometrics’ award winning biometric technology to prevent fraud and create new revenue streams for clients.

 

With over 80 million underbanked consumers, this market segment has a virtually untapped potential. Financial service providers are now able to offer a broader range of products and services to viable candidates identified from a pool of underbanked individuals.

 

“This new system establishes the ability to safely move the underbanked consumer into additional offerings at a financial institution but also eliminate losses due to fraud.” says David Delgrosso, President of US Biometrics. He adds, “VALID’s expertise combined with our technology is making this new product an instant success.”

 

VALID Systems’ CEO, John Templer, agrees. “US Biometrics and VALID are leaders in their respective markets and our combined fraud-prevention solutions are redefining the future of banking. Reaching out to an underserved market safely and with immediate and recurring revenues will attract and identify new long-term customers. This is a “win-win” move.” Templer concluded, “We are offering hard-working, deserving people improved access and customer service. I’m pleased VALID Systems and U.S. Biometrics are achieving this together.”

 

Both VALID Systems and US Biometrics are exhibiting at next week’s BAI Retail Delivery Conference and Expo in Las Vegas. Visit VALID in booth 451 or US Biometrics in booth 845 to learn more about what automated check cashing and verification can do to expand your customer base.

 

About Valid Systems

VALID Systems is the industry’s leading check cashing and verification solutions provider. Customers, including two of the top ten banks in the United States, have found VALID’s patent-pending system unparalleled in its speed, ease of use, and cost effectiveness for attracting and serving promising new customers. www.validsystems.net

 

Headquartered in Naperville, IL, US Biometrics designs and deploys a wide range of biometric solutions for corporate, financial, and educational clients who require absolute authentication of customers and employees. www.usbiometrics.com Kelly Shoemaker 630-922-8200