you and Good Gar. you, everyone earnings call. for afternoon, QX Intellicheck us XXXX for thank joining Thank the
for we've over place put March we under to away sales a set on ourselves reducing that are numbers, restricted the believe the to for continue for theft going positioned and stopping making well the the see goals XXXX. in can fraud is not changes products difference the you capitalize and the age. Identity past As of we to and age we we year towards are
revenue the we work since SaaS numbers. for was XXXX One-time QX XX%, was with in XX% free. I year, increase the been completion keep bank I up track the this banks signed as we second X no Our we from up the development custom for do we QX quarter, over was I've them. going a longer for bank making of development we received progress QX previously each In XXXX the payment said, of because clarity, revenue call have are help names give sequential forward, our and of to better the to last which assigned to asked of QX, people will for
I'm we I resources, than when that the just products, going the sell, joined. to On seeing. we finally led implement? are that I I I've company very to ago a we joining we February numbers focusing are we price made reset believe year how in over these believe we call, a growth that our like on where and have of XXXX, and how how changes are today today's different growth major I the X focus demonstrates since company who
that primary we been restricted not time devoting target would has to the and rebalanced. percentage market products First, mean is devoted of we theft, the fastest effort to enforcement, does services revenue to purpose profitability. identity for as specifically The identified route be our the financial believe and This stopping law not now of just resources focus. our in are age each main we the
Identity stolen $X and identity the a strategy you why had be XXXX research theft pain lose theft to to million cost their at XX.X is frictionless billion, financial combat massive see this banks identity Americans Javelin way this Add for a in estimated to to and synthetic looking point According banks of can institutions. simple, a would $XX.X theft. billion. for
over in The keep ability a of so. the breaches pace exposed XX% number already quarter identifiable data of increase continue The XXXX. increase of the saw information to coming. records, is a breaches of XXXX. for This the to there seeing a breached of the data at record breaches XXXX stealing not in do compared thieves identity the going XXXX personally and XX% XXX% reported year a just in the with first on web a number out And is away. increase quarter amount dark first
a It week, just people had sales XXX myself us. information most when so isn't license it has of security if, of question A One. $XX. I of ridiculously And on been sets $X this but at we of Capital data year. dark the package data for is data of the saw The a rather million exposed X this web, driver's become cost is social cheap. plentiful, number part
you information identity authentic the to go you don't you new as known have driver's transactions. you as as to forgotten not cards and posing you now needs credit have your what open and an cards, stealing credit an have account do deep where pretend is license they are with All and their shopping present credit is posing looking your and your accounts where card face ready
a time I seems an account. asked to me as open this how if every I off. clerk simple, Think crime want pull is sales to make purchase, the It if
things, license. say a number, for income they If social you yes, and driver's security X ask
The say you number for driver's word, you ask If usually they your credit and forgot social your your security license. card, even last less.
stakes ID. good. bought be than the a for the are of can The is $XXX. is And that part most this less package irony All online expensive this fake
trained can't spot use officers So because their XX them. good that enforcement most seasoned law agencies over even and our products,
to So clerk None what software. have? without authentication store chance
change trying on retailers, is to mostly how we previously, Another banks. now to banks, private Why? we've several or focus in fraudulent now We is been credit amount cards the who Because we isn't our trivial. opening is, and who clients hit how it sell sell white Whereas account place of sell per the issued to. staggering. asked fraudulent this take label the And loss the for typically is accounts. label much and we average
stores tool fraudulent every transaction for stores, time. equipment it seconds. average just over XX stop $X,XXX, for just $X,XXX When jewelry stores, you department over $X,XXX on furniture a over For was $X,XXX, each for we was it just consider finally and stores and
quickly add see why to integrate how can up, You easy frictionless they and the losses and like our solution.
often this for we average fraud We reported with us to now also to our firmer we with for a we how We loss idea a us, confidence know of much data. to When prospect. pricing. pretty retailers the of began it This happens often gave we accurate the type. stand stop have and combine how each by save sell on retailer what
focus fraud banks, As changed stopped, we analyze ID priced data we retail we the how and on with our product. our on new
We for to the fee was we on was the compensating this we for store installed. did Intellicheck adequately a In store table. not model a it brought per a each with feel flat the priced with past, product value
a as much we on for per scan part, transactional to the we have sense were a more model be banks to it are investment to model. moved So bringing. model, for This allowed made more return fairly the and compensated us most used the
increases. trenches banks on-board. count stopping more to Since scans model tiered all goes using in the margin This a pricing costs up. the total the goes This tranche bring scan structured down on-board. as We their per every from clients the goes incentivizes bank retailers of monthly a and price down number brings to as of fraud pricing is volume client system
and process, by to improve the The am focus pleased data enable us and and led our things felt, deals presented accountability Driven This there opportunities too could I and point and lines bringing person was implementation And us reporting banks processes no people sales and additional the changes of final change retailers. have implementation critical the on to lack to cash to a capitalize in team. reactionary. these with done. we on I development. to to get professionalization of the single meant, were sales was between of our were closing the say I split
gets whereas a easier As much And little a led result, and implementation and build we the reactionary, by wanted distinct proactive team before working lead we faster reporting new we efficiently. Each Bill's process. more are structure this and now to light. were
an So we signed. changes? overview have achieve start banks we these Let's of what with with did the
sometimes received about. agreements determine difficult from top the I'm XX So naming some we far, bank four shareholders us it's banks' feedback Since I've from have that what talking customers. prohibit confidentiality them. of to
number. will mentioned earlier, I As by now to I refer them
smallest is retail of clients the They the ID the bank number regarding we Bank issued. of will credit any have of a and speak in who reference are accuracy fantastic one with client, reduction however, cards fraud. in our prospect terms
currently innovations and we to happy projects tested new recently their they XXX. with the us within system, XXX against are team working reported our caught that am takes they say We on to bank. team I And all
though, them. brought legacy our at I fantastic terms in is Even that live any new clients two us least number tremendous had for with not had a pricing standing a deal and started. client in Bank I deal years they longest saw of before with X retail
to was for hosted was updates at up per our we we used would to low renew cumbersome not contract for that meant their catch the pricing. last year addition, it as store which fakes. Their and software, they I sending was technology, steadfast renewal In us
model Since We of they a XX our relationship, them scan reestablishment XXXX. brought various web renewal retailers. to far, rest by so migrated agreement deployment SaaS have new of gone and that service running them X the to and the move per successfully model. also that Intellicheck live have through dates QX the new and negotiated the hosted us
XXXX. was to was we We had the This through the bank for been was directly of also it three changing first company for model. in for to Within was effectiveness engage our it a months, a third-party how and custom a the per a them charged six scan represented that over nowhere as prospect This number it QX to begun to us a decided engagement we This signed the first testament the is to year. sell Bank under another trying development. signed products. where sell we pricing client. Also new major sell. best
live, for. bank said their working in are addition and it started with earlier wanted volume last and happened Half they paying bring to and paid retail They SaaS implementation live year their our are QX. that revenues largest process to branches. This it now and as monthly spoke I retailers us X by teams
number sales was cycle even a faster four perspective. Bank from
The for first within use bank case this call centers. their
card the a If on The customer's phone. their on apply. to their them technology a step our This you the is the phones a TV commercials uses decide of that text to ID process scan and want sent applicant's driver's license. is derivative and see call to and text final credit retail a in you camera authenticate
took personnel contract discussions for And what be pilot center full rollout were went it X,XXX into days. about XX days to now XX to have call call the Intellicheck's From technology. was across pilot, centers. so they They authentication impressed a the to using over XX-day
and technology of at to our addition to a their signed their recently merchant with statement us channel. they the center, work In deploy branches call retail with
their is retailers start Integration branches for X using ID. they of brought largest the and to us retail to underway
these upcoming very integration is them. together I'm doing ways for excited the of successful to and an we work pilot. partner an is can discuss meeting with retailers pilot, large One in a with bank this very other about already upcoming additional
number was is online recognition. account will financial in applied with sold bank newest we Our conjunction services bank, an call partner This five.
One as a facial partners authentication. of part our wanted recognition two a bank
face And to Intellicheck online partner's authenticating account technology passes, part As the if recognition the with the our driver's process a the opening license. matches picture first of license. technology on is facial it the this the step bank,
difference speed will We're large it point to implementation we person become, sure at at that has next is but needed. Bill and proves it before accountability new is which lead the will this clients' single technology not and future opportunity and proof we here we team speak integrations of The we revenues install to me XXXX, In to a finger To combined works, opportunities. the Having did leadership can and the brought to the how my believe that working. with retailers. X new sitting namely after.
we well visitor in as and XXXX. management did system. a QX with XXXX, in implementations QX integrations with integrations X, as So banks far and through Currently X X, retailers X, seven
retail systems, the system. That brought and XX retailers, this bank to at management look dealership some of have brings X an We branch automotive quarter. we us live retailers
of retail footprint. I'm For of focusing our X extensive with discussion purposes on an part major the this today retailers
of in stores, with almost Midwest sporting Many One you likely the leading goods product online Midwest. the largely a its store chain. we of more or store are based chain outdoor equipment is clothing, that include brought locations discount than and to familiar XXX has activity. South for selections sport shoes any This
than live We of chain East include an went with its retail that locations, home subsidiaries. based also stores merchandise more Coast focused X,XXX including
went leading products. you this one beauty, cosmetics stores products, company in retail their of includes Americas. XXX the of on visited as and over on store quarter have personal their reach Focused well. A No home bath focused stores live chain doubt, kitchen, other and beauty care many
that live apparel with leading U.S. gear with over us retailer an Another national the retailer went U.S. outdoor locations is across and XXX
results same different as roundtable company we bank you leading the in-bound Group, XXXX. calls we As are. and February and advisory were that an us see, reality powerful they To that traditional at these highlight major can had to not Both online run group. told We further that are a recently from a industry mortar and back. speak how we the Aramia payments in were the by brick are a
They spoke our both past these coming the been market numerous us year, this problems. At banks over their is of said Like fraud I've attendees told X Intellicheck. call saying roundtable, the way.
Another element volumes. growth measure to key scan are
sense visibility had scan bank going volumes So the we're much numbers when they this absolute were we no Since make at on the of percentage to report look not would software at changes. hosting into to time. X,
services earlier scan to And going is forward has now transitioned scan bank said hosted intend right a and to tell SaaS X I can year-over-year versus QX X% financial sequentially there were As increase we QX an X% total solution our XXXX. you for those XXXX. XXXX XXXX numbers. I to XX% compared But QX XXXX. scan volumes model. paper a XXXX the comparing This disclose sequential And to up was increase QX comparing QX versus QX
I downplay time speaking spent the restricted about services do to product not age much I want the financial vertical, Well, of the market.
X basing great In make agencies. we Food explode. If We the XX were This team continue to chains and QX, makes curb decide in which them XX% to pressure responsible the to targeted clients, the thing of law vertical one represents legislation the enforcement on-boarded changes, headway socially QX. new increase by here. being Administration do a could this Drug large motivates where sales over and
I bills. in in been these I've met ID DC Much they age going reports all proposing no on discussion products. them, has the regarding XXXX. will that back I raised they legislators been XX tobacco about what because if their alcohol include have have by in of the kids. authentication will change the happen, under XX remind that from XX% alcohol clear asked aged cheat. age the most we changes for raising consumed of the Yet to of CDC and is with very don't,
validation, enforcement to to a is a In it meantime, business us services law prospects. which and because be financial our credibility tremendous great for the provides
take Our can working. in making here heard services. you what So away financial what headway you've are We're changes today? from
we estimate to credit opportunity million SaaS market million top the addressable private cards label for revenue just the be could annual $XXX banks For overtime. the XX total alone, $XXX
technology partner more put their solution just And surface. and to us very clients are now else we credit is believe on where see in label apps. I to And mobile private want used. authentication our are beyond looking even branches importantly the bank scratching be can cards our and to effective with the
couldn't of what at that be yet are us come. We think all I same to not company. Intellicheck excited about more And is the and
Bill turn the discuss now to financials. over will it to I White