Secure Identity Systems® (SIS®) grew out of our parent company, FNB Merchants, a provider of credit card processing to financial institutions across the country. SIS was established with a mission to better address the fraud and authentication issues that are inherent to the financial industry. There are currently over 400 institutions in the U.S utilizing state-of-the-art SIS authentication and anti-fraud programs.
SIS was founded after we traveled to Washington D.C to meet with regulators and legislators to gain a better understanding of fraud risk and identity theft. It became apparent that the industry as a whole was not properly identifying the risk, nor were they sufficiently prepared for this growing threat.
The problem that Washington D.C identified was different than the one most people outside the beltway understood: most Americans viewed identity theft to be a credit-related problem, with solutions almost 100% exclusive to credit bureau-related answers. According to Washington, however, more than 70% of identity theft is non-credit related, including the number one theft type in America - illegal aliens using stolen Social Security numbers and/or driver's license numbers for employment.
We then traveled to Israel in search of state-of-the-art authentication tools. By 2006, SIS held three North American Patent Rights for anti-fraud and authentication technologies (U.S Patents #20100011205, #20110271093 and #20130212697).
When the regulatory "Joint Release Red Flag Rule" was handed down, SIS was the only company in the United States to have a complete, end-to-end solution already in place.
Our solutions include: