L1 and UVeritech and L1 Partnership

L1 Identity Solutions, leaders in secure credentialing and UVeritech, leaders in multi–layer fraud prevention solutions, have formed a strategic alliance which enables UVeritech to become an authorized reseller of the B–5000 scanner and Documetrics Database.

The agreement authorizes UVeritech to re–sell the B–5000 scanner multi–purpose and Documetrics Database to commercial customers in North America.

Because of the increasing prevalence of fraudulent activity such as wire fraud, internet scams, teller fraud, fraudulent credit cards, travelers checks, coupons, money orders and driver’s licenses, this represents over $220B in annual loss to financial services companies, retailers and consumers.

This financial loss combined with various regulatory compliance issues such as the US Patriot Act, Bank Secrecy, Customer Identification Program, Title 31, FACT ACT–2003, Real ID Act 2005 Red–Flags, Gramm–Leach Bliley GLBA and FTC–Privacy Section 5, have created a demand for fast and secure image capture and authentication solutions to validate customer identity.

The B5000 is a hardware/software platform designed to automatically authenticate documents, such as passports, drivers’ licenses and ID cards that people use as proof of identity, to ensure that the individuals are who they say they are. It captures full color images using several light sources and performs multiple security checks against L–1’s comprehensive database of ID templates to ensure the ID being presented is valid.

Documetrics Database incorporates both ID–Passport and ID–License. ID–Passport is a comprehensive database of International Civil Aviation, Organization (ICAO) Machine Readable, Travel Documents (MRTD) consisting of world wide passports, e–passports, visas, national IDs, and alien card information.

ID–License is a comprehensive database of U.S. and Canadian driver’s license information. ID–License works to compare seals, logos, and other patterns that should be present in specific areas of a document. Like ID–Passport, ID–License searches for visible patterns in addition to those that appear under ultraviolet (UV) or infrared (IR)light. This process can validate that a driver’s license is authentic as well as indicate that the document needs further review if known features are absent, or unexpected features are present.

Customers such as banks, credit unions and any company, creditor or business who arranges for the extension, renewal or continuation of credit “covered account” have to validate that the identity of individuals is authentic when performing the following transactions:

• A transaction or asset account
• A credit account or other extension of credit
• A safety deposit box or other safekeeping services
• A cash management account
• Custodian and trust services
• Companies which facilitate money–order payment
• Money transfer

• Commercial banks
• Thrifts
• Credit unions
• Private Banks
• Trust companies
• Investment companies
• Money transfer companies
• Casinos
• Brokers and dealers in securities
• Retail extending credit
• Insurance companies
• Health Care
• Pawnbrokers
• Dealers in precious metals
• Check cashers
• Agencies and branches of foreign banks in the United States

L1 Identity Solutions NYSE (L1) is a provider of technology, products, systems and solutions, and services that protect and secure personal identities and assets. Through its divisions, L–1 delivers a range of offerings required for solving complex problems associated with managing identity.

The Company operates in two reportable segments: Solutions and Services. The Solutions segment consists of the Secure Credentialing and Biometrics / Enterprise Access Divisions. Solutions from these divisions are marketed to Federal agencies, state and local government agencies, including law enforcement and department of corrections, foreign governments, and commercial entities, such as financial and health care institutions and casinos. The Services segment includes the Enrollment Services Division and Government Consulting Services Group. Enrollment Services perform fingerprinting and process background checks for civilians at centers across the United States and Canada.

UVeritech, established in 2000, are leaders in multi–layer fraud prevention solutions such as UV Scanners, Automated Currency Detection, Image Capture, Verification and Authentication, pioneered POS counterfeit fraud detection scanners in enterprise accounts such as Wells Fargo, Bank of America, JPMC, Bank One, Regions, Compass, Citizens, PNC, and over 1000 credit unions.