Source: US Biometrics
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."