San Francisco – 3VR, the video intelligence company, today announced the integration of its Video Intelligence Platform with Veridocs’ identity authentication and compliance solution. This will enable 3VR customers to better combat fraud and reduce investigation time by associating video events with the use of fraudulent identification documents.
“Our partnership with Veridocs underscores our vision for the Video Intelligence Platform - to allow 3VR customers to deploy a wide variety of applications to extract actionable information from their video data,” said CEO Al Shipp. “Veridocs’ powerful identity authentication solution is a valuable tool to help our customers battle fraud.”
Veridocs, which identifies fraudulent documents by scanning and cross-referencing against security features present in authentic IDs, is currently deployed across a range of industries such as retail, telecom, hospitality, public safety and gaming, including 70 percent of casinos along the Las Vegas strip.
When integrated into Veridocs, 3VR’s Video Intelligence Platform can receive live, near- instantaneous alerts whenever Veridocs detects fake or altered documents, enabling businesses, particularly those in industries with significant reputational, financial or regulatory risks, to better prevent fraud before or as it happens. For example, if a customer presents a fake ID to a bank teller to deposit a check, the 3VR-Veridocs integration can quickly notify the security team, enabling the bank to stop the transaction before a potential crime can occur.
“3VR’s outstanding video intelligence technology was a perfect fit with Veridocs’ solution,” said John Mahoney, Executive Vice President of Veridocs. “Enabling our customers to integrate identity authentication efforts with their broader video security system will streamline security management, mitigate risk due to identification fraud and ultimately deliver a better ROI on security infrastructure.”
Veridocs also imports key information from a scanned ID, such as the photo and demographic information, into 3VR’s video management system, allowing customers to associate that ID with a particular video event and use the information to search against recorded video data. For example, if a customer presents a fake ID, end users can use the ID photo alongside 3VR’s facial surveillance analytic to assess if the person previously frequented the institution, helping security teams to build cases more quickly and effectively.
Any relevant information from the video event and the fake ID can also be distributed to 3VR’s CrimeDex, a criminal investigation collaboration network that allows law enforcement and business communities to share business-related crime information, helping identify suspects and solve crimes across jurisdictional boundaries.
3VR, the video intelligence company, enables organizations to search, mine and leverage video to bolster security, identify and mitigate fraud and better serve customers. 3VR's Video Management Software, Network Video Recorders, and Video Analytics allow video surveillance systems to reach their true potential and deliver a measurable and sustainable return on investment. 3VR is the video surveillance standard for hundreds of global customers, including leading banks, retailers, governments and law enforcement agencies and owns CrimeDex, an online community of thousands of fraud, loss prevention and law enforcement professionals dedicated to stopping crime.
Based in San Francisco, CA, the company is privately held with funding from DAG Ventures, Focus Ventures, In-Q-Tel, Kleiner Perkins Caufield & Byers, Menlo Ventures and VantagePoint Ventures. 3VR is one of the fastest growing U.S.-based private companies, according to Inc. magazine. In addition, the company has won numerous other accolades, including a Security Products magazine product of the year award and Top 30 Technology Innovations award from Security Sales & Integration magazine.
Veridocs is the leading identity authentication and compliance service provider to industries with significant reputational, financial or regulatory risks to fraudulent transactions. The Veridocs solution provides high value customers with simple to use solutions that proactively mitigate risk, enhance productivity and customer service. For more information, please visit www.veridocs.com.