SOURCE: ImageWare Systems, Inc.

ImageWare Systems, Inc.

November 13, 2014 08:30 ET

ImageWare Will Combine Technologies With TransUnion to Offer Biometric Authentication for Fraud Prevention

SAN DIEGO, CA--(Marketwired - Nov 13, 2014) - ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, announced today a new alliance with TransUnion. The alliance integrates TransUnion's ID Manager solution with ImageWare's out-of-band biometric authentication product, GoVerifyID™, allowing ImageWare to deliver advanced fraud-prevention capabilities to organizations. The relationship also helps accelerate consumer adoption of biometric authentication.

Biometric authentications, which include voice, eye, signature, fingerprint and facial recognition, provide an additional layer of fraud defense to TransUnion's and ImageWare's customers. Through the relationship, consumer identities will be thoroughly analyzed using both biometric signatures and the TransUnion ID Manager platform. Both TransUnion and ImageWare customers will benefit from new seamless access to these fraud prevention tools.

"In the past 12 months, the scope and frequency of data breaches have placed a growing burden on U.S. consumers who are often frustrated with inadequate, excessive or ineffective responses to compromised data," said Jeff Brown, vice president of identity risk solutions at TransUnion. "Through our relationship with ImageWare, we can offer customers an added level of fraud defense that helps them quickly establish a trusted relationship with consumers."

Identity verification tools help organizations verify and ensure the correct customer is accessing information or accounts, which reduces risk exposure and potential loses. With biometric authentications, organizations can ensure they are integrating advanced fraud-prevention capabilities, while gaining additional consumer trust in their security procedures.

"Biometrics are the key to effective and seamless security in mobile channels," said Jim Miller, chairman and CEO of ImageWare. "TransUnion has a record of innovation in fraud solutions for businesses and consumers. This integration with the TransUnion ID Manager platform allows us to quickly enroll users while enhancing the security of a rapidly-growing technology to the benefit of both of our customers."

About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help them manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in 33 countries around the world on five continents. For more information, visit www.transunion.com/business.

About ImageWare Systems, Inc.
ImageWare Systems, Inc. (OTCQB: IWSY) is a leading developer of mobile and cloud-based identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, ImageWare's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials, including national IDs, passports, driver's licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint livescan and investigative capabilities. ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., and Ottawa, Ontario. For more information on ImageWare Systems, Inc., please visit www.iwsinc.com.

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