EyeVerify, Inc. is a

biometric Biometrics are body measurements and calculations related to human characteristics. Biometric authentication (or realistic authentication) is used in computer science as a form of identification and access control. It is also used to identify in ...

security technology company based in Kansas City, Missouri owned by

Ant Group Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million ...

. Its chief product, Eyeprint ID, provides verification using eye veins and other micro-features in and around the eye. Images of the human eye are used to authenticate mobile device users. EyeVerify licenses its software for use in mobile banking applications, such as those offered by

Tangerine Bank Tangerine Bank (operating as Tangerine) is a Canadian direct bank that is a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts, Guaranteed Investment Certificates (GICs), mortgages and mutual funds (through a subsidiary). M ...

, NCR/Digital Insight and

Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

About

EyeVerify is part of the Kansas City Crossroads neighborhood alongside several other tech companies. EyeVerify's flagship product is Eyeprint ID, a system that authenticates users by recognizing patterns of blood vessels visible in the

sclera The sclera, also known as the white of the eye or, in older literature, as the tunica albuginea oculi, is the opaque, fibrous, protective, outer layer of the human eye containing mainly collagen and some crucial elastic fiber. In humans, and som ...

, the whites of the eyes, as well as other eye-based micro-features. An independent assessment by iBeta determined that Eyeprint ID meets the requirements for inclusion as a built-in subsystem in an Electronic Prescription of Controlled Substance (EPCS) Application.

History

Entrepreneur Toby Rush founded the company in 2012, some months after visiting the lab of

University of Missouri-Kansas City A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ...

professor

Reza Derakhshani Reza Derakhshani is an inventor and professor of computer science and electrical engineering at the University of Missouri Kansas City. He is known for inventing and developing a biometric security system that uses the patterns of blood vessels in ...

, who developed the eye vein verification technology. Derakhshani holds the patent to Eyeprint ID and now serves as the company's chief science officer. In September 2016, EyeVerify was acquired by Ant Group for $100 million.

Investors

In September 2016, Ant Group, the financial services arm of Alibaba Group, acquired EyeVerify for an estimated $100M. Prior to that, Wells Fargo, Sprint,

Qihoo 360 Qihoo 360 (; approximate pronunciation CHEE-hoo), full name 360 Security Technology Inc., is a Chinese internet security company that has developed the antivirus software programs 360 Safeguard and 360 Mobile Safe, the Web browser 360 Secure Bro ...

and

Samsung Electronics Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...

had invested more than $6 million in EyeVerify. Mid-America Angels and Nebraska Angels were also investors. The company was an early participant in the Wells Fargo Startup Accelerator for innovators in mobile security.

Partners/customers

Financial services

In April 2016, Tangerine Bank became the first Canadian financial institution to offer Eyeprint ID. The same month, Wells Fargo discussed its summer 2016 implementation of Eyeprint ID with the Wall Street Journal. The large bank mentioned that it had "tested voice and facial recognition technologies but found that each was subject to vagaries in the environment," and that "Eyeprint ID works correctly more often and is more discrete." In October 2015,

RSA Security RSA Security LLC, formerly RSA Security, Inc. and doing business as RSA, is an American computer and network security company with a focus on encryption and encryption standards. RSA was named after the initials of its co-founders, Ron Rivest, ...

added Eyeprint ID to its Adaptive Authentication Software Development Kit, after extensive evaluation of the technology, to provide in-app biometric step up authentication for high risk login and transactions. EyeVerify and Olcsan CAD announced a partnership to offer Eyeprint ID to institutions in Turkey and other European countries. Their first project was to integrate with

Vodafone Turkey Vodafone Telekomünikasyon Anonim Şirketi or Vodafone Turkey ( tr, Vodafone Türkiye) is a Turkish mobile telecommunications company. It was formed when Telsim, which was founded by the Uzan Group, was incorporated into Vodafone group on 28 Dec ...

's mobile wallet, Vodafone Cep Cuzdan.

Mountain America Credit Union Mountain America Credit Union is a federally chartered credit union headquartered in Sandy, Utah, regulated under the authority of the National Credit Union Administration (NCUA). Mountain America Credit Union is the second largest credit union ...

conducted a beta launch of Eyeprint ID as part of its dual biometric authentication system, making it the first financial institution officially to launch Eyeprint ID in the United States.

Digital Insight Digital Insight was a provider of online banking software to banks and credit unions. It also designed FinanceWorks, a product that allowed customers to manage their finances. In 2014, the company was acquired by and folded into NCR Corporation. ...

, a division of NCR, announced in February 2015 that it would incorporate Eyeprint ID into its mobile banking platform. As of October 30, 2015, five Digital Insight Financial Institutions use Eyeprint ID in their mobile banking app: Service Credit Union, Arizona Federal Credit Union, Community America Credit Union, First Internet Bank and Evansville Teachers Federal Credit Union. By the end of 2016, dozens of Digital Insight credit unions had launched Eyeprint ID. EyeVerify also has partnerships with other technology companies that serve the financial services industry, including

Comarch Comarch is a Polish multinational software house and systems integrator based in Kraków, Poland. Comarch provides services in areas such as Telecommunications, Finance and Banking, the Services Sector and to Public Administration. Its services in ...

, Hypr and BioConnect.

Spoofing and liveness detection

On 29 September 2015, a YouTube video was posted by an associate of eyeThenticate (at the time of posting) demonstrating a

spoof Spoof, spoofs, spoofer, or spoofing may refer to: * Forgery of goods or documents * Semen, in Australian slang * Spoof (game), a guessing game * Spoofing (finance), a disruptive algorithmic-trading tactic designed to manipulate markets __NOTOC__ ...

of Eyeprint ID using version 2.3.6 of the demo application. The Play Store app description has been updated to clarify that the demo application "includes limited liveness detection only, and spoofing tests conducted on this app will not be relevant to the product sold through EyeVerify partners". The version of Eyeprint ID that is integrated by partners has liveness detection built in to prevent spoofing attempts.

Recognition & awards

*2013,

Get in the Ring "Get in the Ring" is the fifth song on the Guns N' Roses album ''Use Your Illusion II''. Written by Axl Rose, Duff McKagan and Slash, it is a diss track directed at music critics. Mentioned by name are critics from ''Hit Parader'' (Andy Secher), ...

U.S. and international winner *2014, "Rookie of the Year" and "Technology Innovation," Compass Intelligence Mobility Awards *2015, 2015 "Cool Vendor" in Mobile and Wireless, Gartner *2016, "Best of Show" at FinovateEurope. *2016, "Best of Show at FinovateAsia.

References

{{Reflist Companies based in Kansas City, Missouri Biometrics Internet of things Security American companies established in 2012