Intellicheck Mobilisa, Inc. (IDN) Releases Point-Of-Sale Software That's Compatible With Mexican Identification
Small cap
Seeking Alpha Analyst Since 2010
Intellicheck Mobilisa has released an innovative software product that will allow banks, retailers, and hotel chains to authenticate Mexican driver's licenses and IDs. MexiScan™ can verify age, automatically populate credit card and loyalty club applications, and check in guests with a simple swipe of an ID.
MexiScan™ is similar to the company's ID Check® software, which retailers use to scan U.S. and Canadian driver's licenses and identification. The ID Check® point-of-sale software sells for $99 annually; the company is currently pricing MexiScan™ at an annual rate of $59 per point-of-sale.
Nelson Ludlow, Ph.D., Intellicheck Mobilisa's President and CEO, remarked, "It just made sense to create a product to read Mexican IDs. Our national retail and hospitality customers want to ensure they are safely handling personal identity information for all of their customers, not just U.S. citizens."
He continued, "Our impetus to develop MexiScan has come from our U.S. clients, particularly banks that want to be able to safely and easily set up accounts for Mexican citizens."
Dr. Ludlow cited a Pew Research Hispanic Trends Project study that concluded Hispanics of Mexican origin are a significant portion of the U.S. population, accounting for 11 percent overall. Mexico itself has over 118 million citizens and a national GDP of approximately $1.8 trillion.
"There is also a large addressable market for our software in Mexico. It is a major market and we are pleased to provide the technology used in the United States for use in Mexico," Dr. Ludlow concluded.
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