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Any updates? Is this going to take off?
ID Global Solutions Corporation Announces the Acquisition of FIN Holdings Inc. Adding to IDGS's Advanced Biometric and Secure Credential Technologies
ID Global Solutions Corporation (IDGS) ("IDGS" or the "Company"), a leading provider of Secure Biometric Identity and Electronic Transaction Solutions, announces its acquisition of FIN Holdings Inc. ("FIN") and its wholly owned subsidiaries, ID Solutions Inc. a Delaware Corporation specializing in field proven, cutting-edge biometric fingerprint software technology and algorithms, as well as Cards Plus SA, a South African company which provides unique secure credential products and solutions to government customers in Africa.
The acquisition enhances IDGS's current Transaction Security and Financial Inclusion platforms with highly accurate, fully integrated biometric fingerprint verification and backend matching capabilities. Recently tested by the U.S. Government National Institute of Standards, ID Solutions' proprietary fingerprint technology performed in certain cases ahead of other leading fingerprint biometric companies from around the world. This biometric technology has also been successfully deployed by the U.S. government as a back office AFIS solution that is used to ensure the identity of transportation workers throughout the country, as well as in U.S. commercial markets and by other governments worldwide in order to verify identity and secure physical and digital access.
With the addition of the Cards Plus portfolio of physical cards and card personalization solutions, IDGS can now provide government and commercial customers with a complete solution for their identity programs and financial payment systems.
The purchase price of $9,000,000, which is paid in the form of common stock of IDGS, will result in IDGS issuing 22,500,000 shares of IDGS common stock to the FIN shareholders. For more information on the acquisition, please refer to IDGS's Form 8-K as filed with the Securities and Exchange Commission contemporaneously with the issue of this press release.
Thomas Szoke, IDGS's Chief Executive Officer, stated,
"Enhancing our Secure Biometric Identity and Electronic Transaction platforms with state of the art, high speed biometric fingerprint processing and verification technologies, delivers enhanced security to our customers, while providing easy to use and trusted methods of real-time identification. Identification is essential to realizing the opportunity that global connectedness provides, so that more people may participate in the new economy regardless of where they live or their financial status.
About Us:
ID Global Solutions Corporation (IDGS)
Secure Biometric Identity and Electronic Transaction Solutions
IDGS provides Secure Biometric Identity and Electronic Transaction Solutions enabling public safety, integrity and financial inclusion in a digital and mobile economy. Founded to pioneer innovative digital identification solutions, the Company is focused on addressing the growing need for highly secure and convenient methods for protecting consumers' digital presence during electronic transactions
Boooom HERE WE GO SOME EXCITEMENT!!!! Lessss gooo
We need some news or info on company imo
IDGS is having a tough time getting traction
Great volume today
I agree fsjm...Marked you #46..my friend..follow back if you could..Chris
Someone nibbling on 0.48s all week and big chunk on Friday.. Maybe they setting it up to go soon.. Glta this will be interesting company to watch..
Why does ihub show no volume history for this?
Q&A Interview; How ID Global Solutions Plans to Provide Global Business and Consumers Fraud Protection and Mobile Payment Solutions
Marketwired
NEW YORK, NY and POINT ROBERTS, WA--(Marketwired - October 07, 2015) -
Investorideas.com (www.investorideas.com) a global investor news source covering leading sectors including tech and mobile payments issues an exclusive interview with Mr. Thomas R. Szoke, President/CEO of ID Global Solutions (IDGS). The company's core focus is in fraud management and payment solutions. Thomas explains his company's mission and gives insight as to where he sees the market is headed and how his company plans to establish a dominant role in this space.
Interview:
Q: Investorideas.com
For investors that don't know your company can you give them an overview of IDGS, your various divisions and your products and services portfolio in mobile payments and fraud protection?
A: Thomas R. Szoke - President/CEO
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. ID Global Solutions was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification and payment solutions.
Fraud Management and Payment Solutions are the two focus areas for IDGS. Within Fraud Management, the company offers unique Identity Verification solutions for Financial Services Organizations (IDComplete) and Governments (IDSolutions). IDComplete provides a secure real-time method for cardholder verification to eliminate fraud. IDGS' IDSolutions portfolio offers software and hardware products to deliver a wide variety of identification and verification capabilities for civilian as well as governmental applications.
Our Payment Solutions portfolio includes MultiPay, OnePay, and PaySpot. MultiPay provides end-to-end payment transaction processing technology. OnePay is a closed payment solution using a secure digital currency enabled by our mobile applications and backend systems for consumers and merchants in emerging markets. PaySpot is an unattended multi-functional payment collection and processing kiosk solution.
Q: Investorideas.com
Can you explain IDComplete's impact on the payment process, the issuing bank, and ultimately how the consumer is impacted to eliminate fraudulent transactions?
A: Thomas R. Szoke - President/CEO
IDComplete aligns to all industry standards. IDComplete does not impact existing players or processes within the acquiring network external to the issuing bank. Today, prior to a transaction being authorized, issuing banks determine the approval of the transaction based primarily on the account status of the cardholder. There are other criteria employed by issuers to determine fraud that are predictive in nature including buyer behavior pattern, location, merchant type, and the transaction amount.
IDComplete compliments these by providing real-time cardholder verification. This is done in parallel to the issuer authorizing the transaction based on cardholder status. IDComplete is triggered to deliver a notification to a registered mobile phone to approve or deny an active transaction. Within the notification is the date, merchant's name, and the transaction amount along with the option to "approve" or "decline" the transaction through a proprietary secure pin delivery method.
Q: Investorideas.com
A lot of the big tech giants are entering the mobile payment and credit card and identity fraud protection space such as Apple, Samsung, and Google. Everyone has a different approach with levels of security in biometrics and other security measures so what differentiates your company's technology and how can you compete?
A: Thomas R. Szoke - President/CEO
Our solution has been built to eliminate card fraud. IDComplete is the only product in the market that provides real-time verification of identity in a proactive manner. All existing fraud prevention approaches in the market are re-active and do not prevent card fraud in real-time. For example, sending a SMS or push notification after a transaction is complete asking the cardholder to contact the issuer in the event of fraud is re-active. Today, cardholders are put into a position to reconcile their transactions whereas IDComplete offers the ability for the cardholder to police their transactions by embedding cardholder verification in real-time prior to any transactions being processed.
Q: Investorideas.com
As someone in the sector, can you give us some insight and perspective as to where you see card fraud trends heading both in the US and globally? And on that note, where is your primary focus geographically?
A: Thomas R. Szoke - President/CEO
As a backdrop, global card fraud exceeded $16 Billion in 2014, which analysts forecast to exceed $35 Billion globally by 2020. In 2014, approximately $8 Billion of card fraud loss occurred in the USA and half of $8 Billion card fraud occurred during card not present (CNP) / online purchases. This equates to more than $4 Billion of collective loss to issuers, cardholders, and merchants.
IDGS's geographic focus is to roll out our IDComplete solution for eliminating card fraud in the US market. Our initial strategy is to focus on the card not present (CNP) / online purchases because they are not being addressed by the implementation of the new EMV standards.
Q: Investorideas.com
You recently announced a deal with MultiPay SAS, which is headquartered in Bogota, Colombia (http://www.multipay.com.co/). Can you give us a brief background for new investors and an update on the progress of the company?
A: Thomas R. Szoke - President/CEO
Multi-pay S.A.S. is a well-established multi-functional payment gateway company providing traditional credit card processing services, domestic and international wire transfer services, mobile operator pre-paid account re-charge services, and various closed system payment solutions for numerous customers in Colombia and Peru. Since the acquisition the company has been integrated into the IDGS structure and has expanded its core engineering and delivery teams to increase the capabilities of our platform and deliver more services to new and existing customers. In addition, since the acquisition the company has secured additional contracts with banks and enterprise customers for money transfer and payment processing services.
About ID Global Solutions Corporation (IDGS) - Fraud Management and Payment Solutions
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. ID Global was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions.
http://www.idglobal.com/
About Investorideas.com:
Investorideas.com is a global news source for investors following leading business sectors including biotech, tech, mining, mobile, energy, water, defense and security, renewable energy, food and beverage stocks, sports and entertainment and Latin American stocks.
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Loan settlement more good news :) glta$IDGS 8K: $172,094.77 Loan Settlement http://t.co/bJ9XI65Jbs pic.twitter.com/4J1ANfWhJH
— AimHighProfits (@AimHighProfits) October 1, 2015
I guess it will take time to see IDGS take off.
It's nice seeing daily volume glta :)
That is a huge market sector Roger and growing every day!
IDGS
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. IDGS was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions.
Very nice news out this morning Roger!
IDGS
ID Global Solutions Corporation (IDGS) Announces Signing of a 10 Year Build, Operate, and Transfer Contract with Basetek S.A.S. in Colombia for Payspot Kiosks at Bogota Transit Authority (Transmilenio S.A.) Stations Throughout the City of Bogota
September 23, 2015 /PRNewswire/ --
ID Global Solutions Corporation IDGS, +0.00% a company focused on fraud management and global payment solutions, announces that on September 15, 2015 it executed a 10 year Build, Operate, and Transfer contract valued at 3.648 Billion COP (~$1.2 Million US) for 80 un-attended payment solution kiosks with BaseTek S.A.S. in Bogota, Colombia.
In July the company announced it had acquired MultiPay SAS, headquartered in Bogota, Colombia (http://www.multipay.com.co/). MultiPay offers multifunctional payment gateway services to merchants, enterprise businesses and banking institutions in Colombia and Peru.
This contract represents IDGS' entry into the Colombian public transit payment and fare collection market. It calls for the installation, commissioning, and ongoing maintenance of 80 ruggedized IDGS PaySpot kiosks at Bogota Transit Authority (Transmilenio S.A.) stations throughout the City of Bogota. IDGS was selected as the supplier based on the performance and design of PaySpot as well as its ability to deliver unique value added solutions to BaseTek S.A.S. and the Transmilenio S.A. customers. This will be accomplished with IDGS' OnePay secure closed network payment solution and MultiPay, it's multifunctional payment processing gateway.
Mr. Thomas Szoke, Chief Executive Officer of ID Global Solutions Corporation said, "This contract represents a key strategic milestone in the Company's entry into the Colombian and Latin American payment and fare collection markets. We are pleased to be in collaboration with BaseTek S.A.S. and together anticipate bringing very unique services into the market."
About us:
ID Global Solutions Corporation
Fraud Management and Payment Solutions
OTCBB: IDGS
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. IDGS was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions.
Hey bro spreads are tight now I think it's ready to go IMHO GLTA
$IDGS MOVING up!! Wow can't wait to see real volume and buyers come in.. It will explode IMHO glta
Bids lining up..where u able to get any?
$IDGS AT .40 already omg!! Happy for all those that were able to get cheapies!!
Much better bid ask !!! .30x.56 movjng in right direction.
http://www.otcmarkets.com/stock/IDGS/filings new filings :)
Wow just saw we at .20 already nice pick up whoever got shares IMHO BOOOMM it's going to be hard getting any shares under $1 IMHO Glta Abd I'll be scooping as I go
I am ready for some shares to get filled!
It's .20 now people realizing up ur bid to get a piece of this lol once volume hits big buyers coming in IMHO gl
Bid/Ask .17 x .65 we have a gap to fill
I can't wait to get more info and PRs on this company seem like cheap for a tech company.. If they get bigger maybe uplist to get more exposure!!
No doubt plus they have a lot of other tech looks like
Secure payment processing is a must in today's digital world.
Exciting Iike the tech :)
Sooner or later this will start trading with a regular pattern. :)
Bid creeping up was .10 then .15 then .17 good sign :)
I am waiting just like you for the share price to return to earth.
I want to see volume first bro plus too big of Gap between bid/ask plus what's real price of this thing?
IDGS can be bought if you slap the Ask @ $.65
Is this ipo or already trading?
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ID GLOBAL SOLUTIONS CORPORATION IIM Global Corp 160 East Lake Brantley Drive Longwood, Fl. 32779 Phone: (407) 951-8640 http://iimglobalcorp.com/ Thomas R. Szoke CEO Charles D. Albanese CFO Ricky Solomon Audited Financials Audited | .
CIK 0001534154 Fiscal Year End 12/31 |
About UsAt IIM Global Corp, innovation in technology is our passion, and it shows in everything we do. While other tech companies are stuck in competition with each another, IIM Global is rapidly rising above and moving toward the future. How? We don’t just imitate and repackage other companies’ products: we create brand new ones. The Company is developing biometric products and solutions for global Government, Enterprise, and Consumer markets. The Company is planning to focus in two specific technology areas: biometric handheld identification and biometric mobile payment. The Company’s objective is to focus on two distinct markets, one being the Government market requiring solutions for addressing its security and associated identity management needs and the other the Consumer Mobile Payment market which is looking to define non obtrusive but highly secure solutions used for credit and debit card payments that can incorporate biometric technologies. To address these markets the Company hasinvested into patenting and developing both hardware and software platforms focused to address these specific market requirements. |
How it Works?Background Today there are different methods provided by Issuers (banks that issue consumers credit cards) to perform Cardholder Verification. These methods depend on the type of card that is being used, i.e. old Magnetic Stripe cards, or new Chip Cards. Our solution provides a method of Cardholder Verification which conforms to these standards. We provide Cardholder Verification within the current set of rules as defined by the Card Associations, making our method an enforceable solution to Issuers risk of loss mitigation. We work with Issuers (Banks that issue credit cards). The bank can select the way it wishes for a card holder to verify their identity, and this method is programmed into the chip card that is sent to the card holder. For example, the card can be configured to ask for a Pin, or a Signature at time or purchase. This is known as Chip and Pin or Chip and Sign. The rules and the standards allow for the bank to choose other ways as well, they simply enable them in the chips of the cards they issue to consumers. |
Our Solution Uses the Information Programmed Into the Chip Card by the Bank and: Provides a level of security that is considered one of the highest in the IT Industry and applies it to the Credit Payment Transaction process, while conforming to all of the defined rules and methods of the international standards and card associations. Eliminates the threat of a Man in the Middle attack to the Acquiring Network (This is the network used by the Point of Sale terminals to connect to the banks), by using a different channel (Not the same network the Point of Sale terminal uses) to verify the card holders identity. Uses a specialized dynamic pin method to proactively validate the cardholder identity through the cardholders mobile phone during the point of sale process. Can use the Finger Print authentication on the mobile phone (if the phone is equipped with the FP sensor) to further enhance the level of security of our specialized dynamic pin method of identity validation. Can be used on all types of Smartphones ( IOS, Android, Windows) and runs as a background application that is integrated into foreground applications. Is complimentary to existing payment applications and solutions, by adding a superior level of security that is focused on Cardholder Identity Validation. |
Value Propositions Issuer (Bank Issuing the Credit Card) - Risk of Loss mitigation. Under cardholder laws the Issuer is responsible for fraudulent transactions. They have to cover these costs and benefit directly by additional security in the process, as long as it is conforming to the defined card association rules. Acquirer (Network running the Point of Sale Terminals) - Reduces chance of fraudulent transactions in the network. Gateway/Mobile Platform Providers (Value added supplier of payment services to merchants) - Reduces chance of fraudulent transactions to the merchants they service. Merchant - Reduces potential of charge backs (refunds the must process due to fraudulent transactions). This costs merchants money and many times consumer loyalty. What happened at Target is a good example of this. Consumers - Reduces risk of fraudulent transactions using their credit cards. Could receive additional compensation from Issuers as incentives. |
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