LONG BEACH, New York and MEDELLÍN, Colombia, March 26, 2018 /PRNewswire/ --
Ruta Amiga S.A.S., a Colombia-based marketing company, and Ipsidy Inc. (http://www.ipsidy.com) (OTCQB: IDTY), a provider of secure, biometric identification, identity management and electronic transaction processing services, have contracted to launch Ruta Amiga's new loyalty rewards program throughout the Republic of Colombia.
Ipsidy's Digital Issuance Platform allows companies to build and manage a mobile ecosystem of trusted agents, merchants and consumers to use closed-loop pre-paid debit and loyalty cards to pay for goods and services whether in-store, online or in-app. The Platform includes a mobile wallet, an acquiring gateway, mobile POS, a web portal, a loyalty module, and proximity marketing capability. With multi-lingual and multi-currency capabilities, the Platform allows companies the world over to unlock value and grow their businesses in new ways and with innovative marketing programs.
Ruta Amiga has contracted with Ipsidy to utilize its Digital Issuance Platform to power Ruta Amiga's launch of a nationwide, multi-level marketing and rewards program involving a number of the leading consumer brands in Colombia.
"We are excited to use the Ipsidy Platform as the core technology in our new marketing and rewards program," said Fidel Alvarez, General Manager of Ruta Amiga. "The Platform's flexibility, robust capabilities and ease-of-use is an excellent fit for our requirements. Our goal is to bring an innovative loyalty rewards program to parts of Colombia that have not previously been offered such program. We are confident that with Ipsidy as our technology partner, the Ruta Amiga program will be successful."
Philip Beck, Chairman and CEO of Ipsidy said, "Ipsidy is pleased to partner with Ruta Amiga as it launches its new and exciting rewards program throughout Colombia. This project will further our goal of delivering solutions that allow our clients to build and manage trusted mobile ecosystems to grow their businesses in new ways."
About Ruta Amiga, S.A.S.
Ruta Amiga is a company specializing in transactional marketing networks and other innovative marketing methods to assist its clients with obtaining more focused and accurate sales and marketing metrics, and more efficient use of their marketing budgets, thus allowing them to unlock value and grow their business models more effectively.
Ipsidy Inc (OTCQB: IDTY) http://www.ipsidy.com (formerly known as ID Global Solutions Corporation OTC:IDGS) is a provider of secure, biometric identification, identity management and electronic transaction processing services. Ipsidy is headquartered in New York and has operating subsidiaries: MultiPay in Colombia, http://www.multipay.com.co and Cards Plus in South Africa, http://www.cardsplus.co.za. Our identity transaction platform creates a trusted transaction, embedding authenticated identity and event details with a digital signature and using a participant's mobile device to approve everyday transactions. Our platform is being designed to use biometric and multi-factor identity management solutions, which are intended to support a wide variety of electronic transactions. We believe that it is essential that businesses and consumers know who is on the other side of an electronic transaction and have an audit trail, proving that the identity of the other party was duly authenticated. We continue to enhance our solutions to provide our customers with the next level of transaction security, control and certainty over everyday transactions. Further information on Ipsidy can be found at http://www.ipsidy.com or contact us at email@example.com.
Notice Regarding Forward-Looking Statements
Information contained in this announcement may include "forward-looking statements." All statements other than statements of historical facts included herein, including, without limitation, those regarding the future implementation and launch of services with Ruta Amiga, future sales and service launches with customers and new initiatives are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding Ipsidy's present and future business strategies, and the environment in which Ipsidy expects to operate in the future, which assumptions may or may not be fulfilled in practice. Implementation of the new services referred to is subject to technical discussions, development and testing and may be subject to regulatory or other third-party approvals. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the risk that implementation, adoption and offering of the service by customers, consumers and others may take longer than anticipated, or may not occur at all; changes in laws, regulations and practices; changes in domestic and international economic and political conditions and others. Additional risks may arise with respect to conducting operations in foreign countries and regions, of which Ipsidy is not fully aware at this time. See the Company's Annual Report Form 10-K for the Fiscal Year ended December 31, 2017 filed at http://www.sec.gov for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this announcement and cannot be relied upon as a guide to future performance. Ipsidy expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.
Philip D. Beck, Chairman, CEO & President
Matthew Cordis, Enterprise Sales
Ruta Amiga, S.A.S.
Fidel Alvarez, General Manager
SOURCE Ipsidy Inc.