Mar 18, 2025

ID Tech March 18, 2025 Credit Key, a leading B2B financial technology company, has secured two new patents for its innovative digital lending solutions, including biometric verification methods and real-time underwriting capabilities. The patents protect Credit Key’s proprietary systems for B2B credit facility provisioning and processing. The newly patented technology incorporates state-of-the-art biometric identification methods, including fingerprinting, facial recognition, and voice authentication. This multi-factor approach ensures robust security while maintaining user convenience. A standout feature of Credit Key’s system is its real-time underwriting capability, which delivers credit decisions within five seconds. The technology also introduces QR code payment functionality for physical store transactions, creating a seamless bridge between online and offline commerce. For merchants, the system offers straightforward integration with major eCommerce platforms while ensuring compliance with financial regulations through partnerships with chartered banks. “Our mission is to redefine how businesses access credit,” said John Tomich, CEO of Credit Key. “We’re setting a new standard in the industry by delivering a user-centric lending experience that combines speed, security, and unprecedented payment flexibility.” The system offers flexible repayment terms ranging from Net 30 to 12 months, addressing a key need in the B2B marketplace while helping merchants increase conversion rates. “These patents are a strategic milestone for Credit Key,” Tomich added, “underscoring our leadership in financial technology and our vision to redefine B2B payments.” Partners Founded in 2007, Lakota Software Solutions is an American company with a world-renowned reputation for developing robust biometric software and systems. Our vendor-agnostic products are tailored to ensure compliance with ANSI/NIST-ITL standards and EBTS specifications, facilitate seamless integration with other biometric systems, and optimize accuracy, cost-effectiveness, and scalability. https://lakotasoftware.com/ Oz Forensics is the independent private vendor of robust, technology-based, and AI-powered liveness detection and face-matching solutions founded in 2017 and headquartered in Dubai, UAE. We confirm the security level of our solution by certifying the ISO-30107 Level 1 and 2 standards. https://ozforensics.com/ AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/ FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/ The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com