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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Software & services

authID.AI awarded US patent for its biometric identity authentication routing technology

The company said the ‘777 patent is for a method that enables various attributes of the individual to be securely linked to a Primary Account Number (PAN) to authenticate the user’s identity

authID.AI Inc announced that it has been granted US Patent No. 11182777, also known as the ‘777 patent, by the US Patent and Trademark Office for its biometric identity authentication routing technology, which will be issued on November 23, 2021.

The company said the ‘777 patent, entitled Systems and Methods Using a Primary Account Number to Represent Identity Attributes, is for a method that enables various attributes of the individual to be securely linked to a Primary Account Number (PAN) to authenticate the user’s identity.

“This patent grant validates the innovation behind authID’s proprietary solutions and is further proof of our commitment to optimizing the identity verification process and addressing the inherent problems of legacy authentication options,” authID.AI CEO Tom Thimot said in a statement.

READ: authID.ai to raise US$10M in public offering and list on Nasdaq

“This brings us one step closer to actualizing our vision of ‘payments by face,’ in which every enterprise can use cloud-based biometrics to offer its customers a more convenient, frictionless, and secure transaction experience,” Thimot added.

authID.AI noted that by using this invention identity authentication transactions can be authorized via the individual’s biometrics, such as the user’s unique facial features, and routed over the same networks in the same way as payment transactions.

The company added that the PAN of a user can be used for identification without any sensitive data being released.

The authID.ai Identity as a Service (IDaaS) platform delivers a suite of biometric identity proofing and authentication solutions to establish security and trust in the digital world.

authID.ai is aiming to eliminate all passwords and become the preferred global platform for biometric identity authentication.

Contact Sean at sean@proactiveinvestors.com

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