LONG BEACH, Calif., July 20, 2015 /PRNewswire/ -- Epson America, Inc., a leading supplier of value-added solutions for financial institutions, today announced certification of its TM-S9000 and TM-S2000 multifunction teller devices by AssureTec Technologies Inc., a leader in Identity Document Authentication (IDA) and data capture solutions. With Epson hardware, financial institutions are now able to scan driver licenses and/or other government issued IDs to capture, validate and disseminate this information via AssureTec's software. With the industry's highest quality ID scanner built into its devices, Epson's solutions are unique in their ability to simplify the capture and validation process for the teller at the point of customer interaction.
Federal regulations require financial institutions to know and verify the identity of their customers. Criminals and fraudsters use sophisticated fake IDs with stolen identities to apply for credit, cash fake checks, launder money and access funds that do not belong to them. Banks and other financial institutions are adopting AssureTec technology as a way to augment and improve traditional ID verification activities in order to comply with the Bank Secrecy Act, Gramm-Leach-Bliley (GLB) Act and Red Flag Rules. Using AssureTec and Epson multifunction teller devices makes compliance with the federally mandated Customer Identification Program (CIP) easier.
"With identity theft rampant and criminals becoming more sophisticated than ever before, proper ID verification is critical," said Robert Taylor, business development manager at AssureTec. "Financial institutions need to arm their employees with the best in ID authentication technology. Our partnership with Epson gives our customers a first class IDA solution to mitigate fraud and make compliance with federal and international regulations easier, helping financial institutions to avoid costly fines."
"AssureTec has long been a leader in biometric and document verification and Epson has been providing an extensive range of solutions to the financial services market for years," said Rahn Rampton, financial services product manager at Epson. "Our product integration with AssureTec is a natural collaboration and an important milestone for both companies in helping financial institutions increase efficiency by streamlining their ID validation process."
Epson's fully integrated, multifunction TM-S9000 teller device offers multiple advanced features all in one small footprint. It features the fastest scanning speed and unsurpassed MICR accuracy in the industry, a fully integrated, award-winning TM-T88V receipt printer, cashier check and endorsement printing, two-sided ID scanner and more.
Epson's TM-S2000 multifunction teller device offers everything financial institutions need for teller capture. It features the fastest scanning speed and unsurpassed MICR accuracy in the industry, cashier check and endorsement printing, two-sided ID scanning and more.
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About AssureTec Technologies
AssureTec, founded in 2001, is the industry leader in Identity Document Authentication and Data Capture solutions. With proprietary technology and the world's largest document library, AssureTec has helped organizations determine the authenticity of IDs and streamline workflow. AssureTec's customer base includes government agencies and many of the Fortune 500 and mid-size to small organizations in the commercial sector. AssureID, the company's patented technology automatically recognizes any ID document such as passports, visas, driver's licenses and many other types of identity documents; extracts all biometric and alphanumeric data contained in the document, and authenticates the documents using proprietary document forensics. The software operates on its own through a cloud-based offering and on a variety of third party ID scanners produced by leading document scanner manufacturers. For more information call (603) 641-8443, email email@example.com or visit http://www.assuretec.com.
About Epson America, Inc.
Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. For over 40 years, Epson's advanced technology has been at work in millions of POS systems around the world. Today Epson's Business Systems Division continues to bring industry-leading, open architecture, smart technologies to the point of service. You may also connect with Epson America on Facebook (http://www.facebook.com/Epson), Twitter (http://twitter.com/EpsonAmerica), and YouTube (http://www.youtube.com/EpsonAmerica).
EPSON is a registered trademark and EPSON Exceed Your Vision is a registered logomark of Seiko Epson Corporation. All other trademarks and/or registered trademarks are property of their respective owners.
SOURCE Epson America, Inc.