A prominent domestic and international financial institution has renewed and expanded its partnership agreement with Intellicheck, Inc. The multimillion-dollar contract renewal includes a price increase and a commitment to a minimum 20% increase in transaction volume. In addition to expanding physical use cases, they intend to introduce digital use cases in 2023. Intellicheck's identity validation solutions provide results in under a second for the bank's retail clients in-store at the point of sale, online, and at bank teller workstations.

The globally renowned bank's retail customers, including the North American electronics retailer, utilize Intellicheck's technology solutions to speed up credit applications while stopping fraudulent account openings and to stop account takeover. Tellers at its bank branches utilize Intellicheck to stop account takeover and meet AML and KYC requirements. The top five bank is an American multinational investment bank and financial services corporation with $1.7 trillion in assets and is one of the top three credit card issuers in the U.S. The worldwide financial enterprise serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions.

Intellicheck provides both digital and physical identity verification solutions for fintechs and financial services companies including many of the top 12 banks and credit card issuers using Intellicheck's flexible technology solutions at brick-and-mortar locations as well as online through a browser or mobile device. The Company's frictionless solutions are also in use at BNPL providers, more than 30,000 retail locations, and multiple law enforcement and state agencies.