authID Inc. operates a global Identity as a Service (IDaaS) platform, delivering a comprehensive suite of secure, mobile-friendly, and biometric identity solutions. This platform enables users to verify and authenticate their identity via a mobile device or a camera-equipped desktop computer. Among its core IDaaS offerings, authID Inc. provides: VERIFIED: A multi-factor authentication (MFA) system designed to offer both secure and convenient identity verification and transaction consent. PROOF: A service that establishes a trusted user identity by utilizing chip-based electronic machine-readable travel documents, national IDs, and driver's licenses, along with direct validation from national registries and other international databases. AUTHENTIFID: A solution facilitating passwordless logins and transaction authentication through FIDO2 standards, securely linked to a verified identity. IDENTITY – PORTAL: A tool that allows enterprises to enroll new customers directly through the Ipsidy portal. The company also offers specialized products like SEARCH, which is biometric matching software for desktop fingerprint capture and image processing, and CARDPLUS, providing secure plastic identity credentials and loyalty card products. Furthermore, authID Inc. extends its portfolio to include payment processing solutions. This encompasses TRANXA, a versatile, multi-application payment gateway and switch that caters to both online retailers and physical merchant locations. It also provides an automated kiosk application and its associated backend management system, which is particularly integrated with public transit ticketing systems. Founded in 2009, the company was initially known as Ipsidy Inc. before rebranding to authID Inc. Its corporate headquarters are located in Denver, Colorado.
authID Reports Second Quarter 2026 Financial Results and Announces Evaluation of Strategic and Financing Alternatives
authID announced that its Board of Directors is evaluating strategic and financing alternatives, including a potential sale, merger, or additional equity or debt financing, to maximize shareholder value. Consequently, the company will not hold a conference call to discuss its second quarter results.
Operationally, authID is in the final stage of contract negotiations with a major manufacturer for workforce verification and is investing resources in a POC for a major financial institution. The company also continues to onboard new customers and partners.
The company highlighted the relevance of its identity assurance solutions for call center account recovery, noting integrations with ServiceNow and Zendesk to address vulnerabilities in retail, healthcare, and gaming.