SOURCE: Dragnet Solutions, Inc.

Dragnet Solutions, Inc.

June 15, 2016 10:00 ET

Dragnet Solutions, Inc. Announces Mobile Intercept(SM), New ID Authentication and Auto-Form-Fill Service for Mobile Devices

Real-Time Web Service Streamlines Account Opening, Improves Customer Experience, and Reduces Fraud for Mobile Account Opening

NOVATO, CA--(Marketwired - June 15, 2016) - DSi (Dragnet Solutions®, Inc.), a leading provider of data-driven insight services for financial organizations, today introduced Mobile Intercept℠, a new identity document authentication Web service designed specifically to address the challenges of authenticating and onboarding consumers on mobile devices. Mobile Intercept provides a fast, reliable way of authenticating identity documents such as driver's licenses, streamlines account-opening and transaction verification, and delivers a frictionless customer experience.

Upon receiving the front and back images of an identity document, the Mobile Intercept service:

  • Reads card data, including card security features, and verifies the authenticity of the ID being presented either for account opening or for verifying subsequent transactions. Mobile Intercept's analysis software is fully automated, providing near instant response (unlike services that rely on call centers for verification).
  • Populates forms with card data, reducing or eliminating typing and keystroke errors.
  • Uses patent-pending technology to store card imagery as a token, enabling an institution to track the use and location of specific IDs. This token could also be used as an added level of authentication for high-risk or high-value transactions.
  • Applies card data to Customer Information Program (CIP) and other account-screening processes, such as DSi Accelerated Insight℠, DSi's real-time service for identity verification and guidance for account segmentation.

Mobile Intercept provides fast, accurate, and cost-effective data extraction and form fill for a frictionless application experience.

"Mobile account opening is an essential service for any financial organization hoping to grow profitable accounts in a mobile-centric world," said Greg Cote, CEO of Dragnet Solutions. "Our Mobile Intercept solution applies years' of experience and patent-pending technology in image analysis, fraud detection, and machine-learning to create a fast, accurate document authentication service for financial organizations. We expect Mobile Intercept to be especially useful to organizations focused on supporting financial inclusion and opening accounts for traditionally underserved consumers, many of whom rely on mobile devices for their Internet access."

To learn more about Mobile Intercept or to request a demo, please contact sales@dragnetsolutions.com.

About DSi

DSi (Dragnet Solutions, Inc.) is a leading provider of data-driven insight services that enable financial organizations to reach new markets, open new channels, and safely grow profitable accounts. DSI Accelerated Insight℠ is a real-time account screening service that helps organizations confidently say yes to more qualified applicants, including those with limited financial histories. Built on DSi's proprietary discovery system, Accelerated Insight provides a fast, web-based interface that enables organizations to better differentiate customers, grow revenues, prevent fraud, and comply with KYC/CIP, Red Flags, and OFAC. DSi Mobile Intercept℠ is a real-time document authentication and auto-form-fill service that enables mobile users to authenticate themselves with identity documents such as driver's licenses, streamlines account opening and transaction verification, and delivers a fast, frictionless customer experience for mobile users. DSi is privately held and based in Novato, CA, north of Silicon Valley. For more information, please visit www.dragnetsolutions.com.

Dragnet Solutions is a registered trademark and Accelerated Insight, Intercept, and Mobile Intercept are service marks of Dragnet Solutions, Inc. Other names may be trademarks of their respective holders.

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